Epf contribution

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85 Points Posted on 16 December 2020
employee side 1320×12=15840
employer side 1320 ×12= 15840

then how much amount can i can take deduction u/s 80c
or i cant take any deduction u/s80c
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On 16 December 2020 at 13:40 Report
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Quick Summary
This discussion clarifies the tax deductibility of EPF (Employees' Provident Fund) contributions under Section 80C of the Income Tax Act. It explains that only the employee's contribution is eligible for deduction, while the employer's contribution is treated differently for tax purposes. The thread aims to help individuals understand how much they can claim and where to declare these amounts.

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13 Points Posted on 16 December 2020
Both contribution
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On 16 December 2020 at 13:45
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Manager-Accounts & GST Consultant
5124 Points Posted on 16 December 2020

Only employee contribution is eligible for deduction u/s 80C

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On 16 December 2020 at 21:16
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85 Points Posted on 17 December 2020
Employer contribution where i have to show
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On 17 December 2020 at 00:01

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