Epf contribution deduction

This discussion clarifies how your Employee Provident Fund (EPF) contributions can be deducted under Section 80C of the Income Tax Act. If both you and your employer contribute ₹1500 each per month, your total annual EPF contribution amounts to ₹18,000. This full amount is eligible for deduction under Section 80C, which has an overall limit of ₹1.5 lakhs, helping you reduce your taxable income.