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Provident fund
whether employer's contribution to provident fund is a taxable income for his employee???
Replies (5)
No....
it's not his / her income.
it's not his / her income.
employer contribution towards pf is allowable expense to entity and not consider in the hand of employee , so it is not taxable in the hand of employee
I agree with Sweety Jain.
➡️Cont. in SPF is fully exempt.
➡️Cont. in Recognised PF is exempt upto 12% of salary (i.e. basic +DA(part of retirement benefits)+com. as fixed %on turnover)
➡️Cont. in Unrecognised PF is not exempt but also not taxable in the year of cont. but is taxable in the year when PF amount is matured.
➡️Cont. in SPF is fully exempt.
➡️Cont. in Recognised PF is exempt upto 12% of salary (i.e. basic +DA(part of retirement benefits)+com. as fixed %on turnover)
➡️Cont. in Unrecognised PF is not exempt but also not taxable in the year of cont. but is taxable in the year when PF amount is matured.
thnx to all.
Welcome...ji..
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