banner_ad

PF Part of Salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 July 2011 In a Salary Structure EPF employee contribution amount is a Part of Salary. Is it right.if yes then how the tax will calculate
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
16 July 2011 It can only be a part of CTC... It can not be a part of salary.

Tax is to be calculated only on salary (without including employer's contribution) & not CTC.
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
16 July 2011 Yes, its part of Salary ...

IF EMPLOYEE GETTING SALARY RS. 100000 PM AND HIS CONTRIBUTION IS RS. 12000 PM

WE CALCULATE TAX ON THE BASIS ON RS. 100000 BUT EMPLOYEE IS ELIGIBLE TO DEDUCTION U/S 80C UPTO RS. 100000
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
16 July 2011 Sorry... I was referring to EMPLOYER's CONTRIBUTION......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


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


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details