banner_ad

Deduction under sec.80c

248 views 2 replies
How much amount of PF contribution is qualified for 80C deduction (for employee), if employer is deducting 21% from employee's salary.Is there any fix percentage of employee's contribution for claiming 80C deduction (As in case of interest on PF)
Replies (2)

I think PF is not link with percentage of salary
you can claim upto 150,000/- under section 80C
Interest of PF is exempt under section 10

Contribution to EPF would mean from employee and employer at the prevailing rate and per prescribed rules. Currently @ 12% of Basic and the basic which is now raised @ 15000/- per month; In case of basic >15k per month..voluntary pf (from employee) may be opted for.

80C maximum exemption cap would remain at 1.5Lacs as prevailing and epf is one of such composition subject to employee share only (not employer share). employee share is non-taxable as such. Employer share is further seggregated into EPF and EPS (8.33%).


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details