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 ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

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

CA R SEETHARAMAN (Expert)
Follow

04 October 2015 Employer's contribution is not included in salary and exempted.
Employees contribution is from salary.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

04 October 2015 Employers contribution is exempted upto 12% only. Employers contribution in excess of 12% is taxable.

In general employers contribute 12% only.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Selvaraj K

Jitin Aditya Kapur

Anurag Sharma

Abhay

BHARAT KANDOI

Subscribe Now

Itr

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accounts assistant

CA Article /Trainee

CA Dropout

Tax Associate

U.S. Financial Reporting & Consolidation Manager

Article Assistants

Article

Audit Assitant