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PPf contribution not deposited by employer
if employer does not deposit PPF both contribution, then under which head of income whose contribution added?
Replies (6)
it will be disallowed in the hands of employer under section 43B(b)
but what if employer contribution is also not deposited? under which head of income each contribution should be shown ?
employees contribution will be treated as income of the assessee and employers contribution will be disallowed as expenditure and chargered to tax
can employee claim deduction u/a 80 even if PPF is deducted from salary but employer not deposited same amt.?
yes employees can claim
@ rama krishnan very well answered.
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