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PF consideration

Others 325 views 3 replies
Sir while taking PF amount u/s 80c for ITR-1, weather we haveto take both the employee and employer contribution in deduction?

example Employer contributed 20000 and employees contribution 20000. now can we take 40000( 20000+20000) as deduction in 80c.
Replies (3)
Employee’s Contribution: Deduction under Section 80C is available.

Employer’s Contribution:  Exempt up to 12% of Salary. Thus Contribution made by employer exceeding 12% shall be added to employee’s salary Income.
Claim u/s 80C available on employee's contribution of Rs 20000/-
For employer contribution 80ccd(1) applies.


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