Employers contribution to EPF
Kk Nair (174 Points)
25 December 2018
Is Employer's contribution towards EPF taxable?
3 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 25 December 2018
Statutory provident fund:
Fully Exempt
Recognized provident fund:
Exempt only to the extent of 12% of salary
Unrecognized provident fund:
Fully Exempt
MOHAMMED IMRAN
(1020 Points)
Replied 25 December 2018
if it is RPF than in excess of 12%of salary is taxable - interest in excess of 9.5% is taxable
if it is statutory PF then employers contribution and internet thereon is fully EXEMPTED
if it is unrecognized PF NOT TAXABLE YEARLY
AMOUNT RECEIVED ON RETIREMENT, etc. employers contribution & interest thereon is taxable as salary .employee 's contribution not taxable. interest on employee's contribution is taxable as income from other sources
salary = basic + DA if it is forming part of salary for all retirement benefits + commission on turnover
if it is statutory PF then employers contribution and internet thereon is fully EXEMPTED
if it is unrecognized PF NOT TAXABLE YEARLY
AMOUNT RECEIVED ON RETIREMENT, etc. employers contribution & interest thereon is taxable as salary .employee 's contribution not taxable. interest on employee's contribution is taxable as income from other sources
salary = basic + DA if it is forming part of salary for all retirement benefits + commission on turnover
Recent Topics
- Filing ITR for commission income
- Clarification Regarding RCM Liability in GSTR-4 fo
- Rechange of Tax Regime from last year to current y
- Excess interest paid in challan
- Unable to make correction for 24Q in Traces portal
- Demand related
- Are there any good online courses on Internal Audi
- Maximum Late Fees GSTR 10
- Bank Account of 'Representative Assessee' for the
- Refund of excess TDS amount deposited by mistake
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
