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)

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 November 2013 only employee contribution is eligible for deduction u/s.80C.

Maximum deduction u/s.80C & 80CC will be Rs.1 Lakh

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