HELLO FRIENDS, CAN ANYBODY TELL ME THE TREATMENT OF EPF WHAETHER IT IS DEDUCTIBLE U/S 80 C
PLS EXPLAIN ME. I SHALL BE VERY THANKFUL.
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EPF
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Dear Raj Kumar EPF is deductible u/s 80C of the income tax act 1961. Maximum limit is Rs. 100000
Only employee contribution is entitled for Deduction u/s 80C. Employer's Contribution in excess of 12% of salary is taxable..Interest on EPF credited is exempt upto 9.5% of salary..
EPF IS DEDUCTABLE U/S 80C (ONLY EMPLOYEES CONTRIBUTION)
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