Employer's Contribution to Recognised Provident Fund is exempt under income tax upto what limit ?
a) 1800; or
b) 12% of basic salary without any limit
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Employer's Contribution to Provident Fund
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12% of basic salary without any limit
Sir, can you provide the relevant section or any other relevant notification regarding this.
Contribution More than 12% of Basic Salary Towards EPF
Employees usually contribute 12% of their basic salary while the employer makes a contribution of 13.61% towards the EPF. EPF is an retirement investment plan opted by a number of employees as this has number of benefits.
Can an employee contribute more than 12% of basic salary towards EPF
Employees’ Provident Fund (EPF) is a retirement investment plan that every salaried individual opts for. Employee usually contributes 12% of their basic pay and employer contributes 13.61% towards the EPF.
Employees usually contribute 12% of their basic salary while the employer makes a contribution of 13.61% towards the EPF. EPF is an retirement investment plan opted by a number of employees as this has number of benefits.
Can an employee contribute more than 12% of basic salary towards EPF
Employees’ Provident Fund (EPF) is a retirement investment plan that every salaried individual opts for. Employee usually contributes 12% of their basic pay and employer contributes 13.61% towards the EPF.
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