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Income from salary
Tax treatment of employees contribution to provident fund. Isn't taxable under head salaries?
Replies (3)
No it is not taxable under head salary however deduction u/s 80C can be claimed
Employees contribution to PF is not taxable separately as it is a part of Gross Salary.
We all know that employee's pf contribution is not the part of Income.
But I couldn't understand one thing if employee's contribution is not income then why it's need to deduct TDS in the time of pf withdrawl (5yrs//above Rs.50,000)???
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