Provident fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2013
I am a employee and my employer is deducting
employees provident amount from my salary and also contributing its shares.
My question is
a) Can I open public provident fund account,
will I get deduction for both provident
fund under section 80.
b) what is maximum amount of deduction can I
get in 80c and 80CC (pension plans)
employees provident amount from my salary and also contributing its shares.
My question is
a) Can I open public provident fund account,
will I get deduction for both provident
fund under section 80.
b) what is maximum amount of deduction can I
get in 80c and 80CC (pension plans)
10 November 2013
only employee contribution is eligible for deduction u/s.80C.
Maximum deduction u/s.80C & 80CC will be Rs.1 Lakh
Maximum deduction u/s.80C & 80CC will be Rs.1 Lakh
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