Itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2015
DEAR SIR
Is employee provident fund shall include in salary income and entitled to any deduction under section 80 c ?
Is employee provident fund shall include in salary income and entitled to any deduction under section 80 c ?
04 October 2015
Employees PF contribution is not included in salary. For this you will get deduction u/s 80C subject to overall limit of Rs 1.5 Lacs.
CA R SEETHARAMAN
(Expert)
04 October 2015
Employer's contribution is not included in salary and exempted.
Employees contribution is from salary.
Employees contribution is from salary.
04 October 2015
Employers contribution is exempted upto 12% only. Employers contribution in excess of 12% is taxable.
In general employers contribute 12% only.
In general employers contribute 12% only.
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