Tax on Employers Contribution of PF
This query is : Resolved
Tushar Desai
(Querist)
01 January 2009
Dear Sirs
Is Employer's contribution of PF taxable in the hands of Employee? If such contribution is deducted from the salary of employee than is it taxable in the hand s of employee? Is it allowable deduction under sec sec 80 C if it is taxable?
Is Employer's contribution of PF taxable in the hands of Employee? If such contribution is deducted from the salary of employee than is it taxable in the hand s of employee? Is it allowable deduction under sec sec 80 C if it is taxable?
01 January 2009
Employer's contribution in excess of 12% of the salary of the employee is taxable in the hands of the employee.
01 January 2009
Such contribution ,as said above, will not qualify for deduction u/s 80C.
CA Tilak Raj Sharma
(Expert)
01 January 2009
Employers' contribution in excess of 12% of salary is taxable in the hands on Employee. It does not qualify for deduction u/s 80C.
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CA Tilak Raj Sharma
(Expert)
01 January 2009
Only Emplyee's contribution to PF is qualified for Deduction u/s 80C.
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