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BHAVESH KAYASTHA (Querist)
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23 August 2010 SUPPOSE AN INDIVIDUAL HAS A INCOME OF SALARY,INTEREST AND INCOME FROM SHARES & SECURITIES WHICH ITR SHOULD BE FILE FOR. A.Y. 2010-2011. MOREOVER PF DEDUCTION IS 12% OF SALARY SO 12% IS OF EMPLOYER AN 12% IS OF EMPLOYEE SHOULD I CONSIDER OR IT IS 06% OF EMPLOYER AND 6% OF EMPLOYEE HOW IT IS WORK TOTAL 12% AND IF COMPANY WISH TO DEDUCT BELOW 12% CAN THEY DO IT.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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23 August 2010 ITR 1

YOU CONSIDER ACTUAL % OF DEDUCTION FROM BOTH.

12% OF EMPLOYER & 12% OF EMPLOYEE IF THE SAME % HAS BEEN DEDUCTED FROM BOTH SIDE

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Guest

Guest (Expert)

23 August 2010 Employer only deduct towards employees contribution and employer does not add or deduct its contribution.

Further Employer's contribution is exempt.

So deduction will be the amount actually deducted by employer from your salary.

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