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Epf contribution u/s80c

This query is : Resolved 

03 October 2013 There is Employer and Employee Contribution to EPF.

1. Are Both eligible for 80C Deduction?
2. 780/-p.m for 12 months i.e 9360/-. Can i take for 80C deduction Rs.9360X2=18720/- ?

03 October 2013 Hey

Only employees contribution is exempted!!


Thanks!!

04 October 2013 No.. you can claim only 9,360.

04 October 2013 I have no doubt about Employee's Contribution on PF.

But Employer Contribution is also my Salary , I have included my gross salary and am Paying Tax on this (excess of 12%) that portion is also invested on behalf of me.

So, Why dont i take it for Sec 80C deduction?


04 October 2013 Hi,

Employers contribution is not part of your Gross Salary but it is part of CTC.

Also employers contribution is 100% tax free, it is not taxed & added to your income by any means.

You can check your Form 16 for that.

Thanks!!

04 October 2013 The contribution by employee is eligible for deduction u/s 80C.
Employer’s contribution is not taken for deduction purpose.


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