taxability of arrears of salary deposited in PF a/c
This query is : Resolved
27 July 2010
If arrears of salary of last 15 years recieved and deposited in PF a/c whether it will be taxable. if yes whether rebate can be claimed
CA Sanat Pyne
(Expert)
27 July 2010
ARREAR SALARY IS TAXABLE IN THE YEAR OF RECEIPT and whatever you deposit in the pf a/c will be allowable as deduction u/s 80c subject to the maximum limit.
27 July 2010
agreed
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