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Taxability of employer's contribution exceeding Rs. 7.50 lacs

This query is : Resolved 

30 November 2021 As per budget 2020, Employer's contribution to PF / Superannuation exceeding Rs. 7,50,000/- is taxable perquisites in the hands of employee for A Y 2021-22. Whether such threshold limit of Rs 7.50 lacs is applicable to each employer if the e,mployee works under more than one employer? kindly clarify


30 November 2021 NO. IT SHOULD BE AGGREGATE AMOUNT DEDUCTIBLE UNDER EMPLOYEE'S HAND.

30 November 2021 Such threshold limit is applicable for all employers consolidated.

30 November 2021 THANKS FOR THE UPDATE.

30 November 2021 You are welcome.......



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