Taxable income
This query is : Resolved
sanjeev singh
(Querist)
28 November 2011
is employer share/contribution towards epf taxable in the employee`s hand pls specify section of IT?
28 November 2011
As per income tax act, 1961 employers' contribution in excess of 12% of basic salary and da is taxable in the hand of employees and interest portion on employers' contribution is also taxable as income from other sources.
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sanjeev singh
(Querist)
01 December 2011
thanks for clarification
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