PROVIDENT FUND

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This discussion clarifies the tax treatment of employer contributions to Provident Fund (PF) under Section 17(1) of the Income Tax Act. It explains that employer contributions are exempt from tax up to 12% of the employee's salary. Any amount exceeding this 12% threshold will be considered part of the employee's gross salary and is therefore taxable.

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(Querist)
13 April 2020 In which Section it is mentioned “ contribution of employer to PF” is exempt or not to be included in salary?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2020 Section 17(1) of income tax act.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
16 April 2020 Employer’s contribution: exempt up to 12% of salary, excess of 12% to be included in gross salary
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