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Employer pf contribution
If employer PF contribution is part of CTC, then what is tax treatment in hands employee?? i.e whether is it exempt from tax or not in the hands of employee??
Replies (2)
it won considered as income, excluding the employer contribution of PF is the income of the employee.
and the PF contribution by the employee alone consider for 80C deduction.
- Ashok
moreover PF contribution by the Employer is allowed expenses. it need not be added with the income of the employee. most of the companies offering CTCs to their employees inclucive of PF contribution of employer, it seems higher CTC in the view of employees. but it is not included in the income of the employees.
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