Rebate of PF u/s 80C
This query is : Resolved
S. P. Dhammi
(Querist)
02 July 2009
We are deducting provident fund @ 10% on basic pay of our employees and depositing the same with our share @ 10% in nationalised bank by opening separate accounts of employees under the head "PF A/c of ....Employee Name....".
our query is
1. can we give rebate to our employees on their 10% PF share u/s 80C ?
2. What is the procedure to recognise the provident fund accounts maintained by the private organisations?
Thanks
S P Dhammi
our query is
1. can we give rebate to our employees on their 10% PF share u/s 80C ?
2. What is the procedure to recognise the provident fund accounts maintained by the private organisations?
Thanks
S P Dhammi
Ratan Sharma
(Expert)
02 July 2009
1. Yes the employees are entitled for ded. u/s. 80C on the PF paid from their salary.
2. Experts plz clarify
2. Experts plz clarify
02 July 2009
it should be recognised
S. P. Dhammi
(Querist)
03 July 2009
Mr. Gurdeep Singh Chawla
Please Clarify the process to recognise the PF A/c.
Thanks
S.P.Dhammi
Please Clarify the process to recognise the PF A/c.
Thanks
S.P.Dhammi
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