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Repayment of loan against pf- 80 c ded

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 January 2012 Can repayment of loan from PF be considered as contribution eligible for 80C deduction under IT Act?

27 January 2012 PERSONAL LOAN IS NOT COVERED U/S 80C.
ONLY HOUSING LOAN REPAYMENT IS DEDUCTIOBLE U/S 80C.

27 January 2012 no, repayment of loan will not be eligible. There are two type of withdrawal from PF account, one is permanent (No repayment is required) and other, in which repayment is required. so make permanent withdrawal and your refilling will be treated as contribution in PF.


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