I want to know the tax treatment of Employer's share to contributory provident fund for state government employees.
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Is Employer share to CPF is taxable in hand of employee
Replies (1)
Dear Rakesh Sir,
The provoident fund set up by Government (CG or SG) is treated as "Statutory PF"
Whereas PF of Public Sector Undertaking is "Recognised PF"
Under SPF - Employer contribution is exempt
Under RPF - In excess of 12% of Salary is taxable
Meaning of salary- Basic + DA(under terms of Emplyment) + Comission based on fixed % of turnover
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