LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Is employer pf deduction available under new tax regime

assessee (...) (546 Points)

06 February 2023

Is employer pf deduction available under new tax regime ..pls give answers with respect to before budget and after budget in new tax regime

Reply
Follow
Share

1 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 06 February 2023

Yes, Employers' contributions to their employee's NPS and EPF and superannuation accounts are applicable for tax exemption. However, the contributions made in a financial year to all the employee accounts should not be above ₹ 7.5 lakh to qualify for the tax exemption.
Under both tax regimes the deduction is available, be it before budget, or after amendment.

2 Like