Please tell whether PF Contribution by Employer is taxable or not?
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Employers contribution to pf
Replies (5)
In case of RPF, if it is in excess of 12% of salary(Basic+DAformin part of salary), then it shall be taxable.
Exempted Upto 12% of salary
Upto 12% of Salary it is not taxable, beyond which contribution will be taxable. Salary for same purpose is Basic Pay+DA if Considered for Retirement benefits+ Commission paid as fixed percentage on Gross Sales effected by Employee.
I hope above explanation will clear your doubts.
Whether it is taxable in the hands of Employee or not?
It is taxable in the hands of employee.
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