My son has an employee's contribution to EPF of Rs 117000 per annum. How much can he deposit in PPF without attracting Income Tax on the interest.
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Employee's contribution EPF and PPF
Replies (1)
Under the new tax regime, you cannot claim a deduction under Section 80C for your EPF contributions. While you still contribute, it doesn't reduce your taxable income.
Interest earned on your EPF contributions is generally tax-exempt.
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