Statuaory Provident Fund A/c
This query is : Resolved
29 September 2008
What does one mean by Statuary PF and how is it different from Recognized PF. Is Statuary PF A/c meant only for govt employees or even a non-govt company can open a Statuary PF a/c for its employees.
Suppose govt is contributing around 20% of employee's salary to STATUARY PF. Will that whole 20% contribution be non taxable for employee or only 12% be exempted and 8% be taxable.
Suppose govt is contributing around 20% of employee's salary to STATUARY PF. Will that whole 20% contribution be non taxable for employee or only 12% be exempted and 8% be taxable.
29 September 2008
Statutory PF is the EPF, PPF etc., Recognised PF is formed through Trusts by the individual companies and get approved by PF and IT authorities. Statutory PF is available for both Govt and Non Govt employee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
