banner_ad

VOLUNTARY CONTRIBUTION TO EPF

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 February 2021 AS PER NEW RULES WHETHER THE VOLUNTARY CONTRIBUTION TO PF IS TAXABLE OR NOT?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 February 2021 Contribution to PF is not taxable but only interest on excess contribution is taxable.
The Union Budget 2021 has proposed taxing the income on provident fund contributions of over Rs. 2.5 lakh a year. As per clause 5 of Finance Bill 2021, the interest on any contribution above Rs 2.5 lakh by an employee to a recognized provident fund will be taxable from 01 April 2021
Profile Image

Shikha gupta

Profile Image

Shikha gupta (Querist)
16 February 2021 OK. 2.5 LAKH LIMIT INCLUDES EMPLOYEE SHARE +VOLUNTARY SHARE OF EMPLOYEE ?
WHETHER ONE CAN TAKE AS DEDUCTION U/S 80C IF AMOUNT OF EMPLOYEE SHARE AND VOLUNTARY SHARE IS BELOW 150000
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 February 2021 Yes, it includes voluntary contributions.
Yes, deduction can be claimed upto 1.50 lacs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details