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
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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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