sec 80 c

pls

and employers contribution also

yes employees cont is eligible for deduction U/s 80C

Employee is eligible to claim deduction in respect of his portion of contribution to PF under sec.80C. As regards Employer's, to my knowledge, he cannot claim deduction.

thanx

employer will take his share as business expendtiure which is allowable.u/s 37 of the income tax act. thanks correct me if i am wrong .

hi...u r partially right...U/S 10 (11) employer's contribution to PF is exempted...Also U/S 10(12),in case of contribution to recognised PF,up to 12% it is exempted...

emplyee's contribution to rpf is eligible for deduction u/s 80C subject to overall limit of Rs. 1 lac and there is no other limit. Employer's contribution up to 12% of salary is not taxable in the hands of employee and employee cannot claim any deduction in respect of such contribution. Where contribution is in excess of 12%, such excess becomes taxable in the hands of the employee and in respect of this excess amt he can claim deduction u/s 80C.

EMPLOYEES CONT IS ELIGIBLE U/S 80C

Yes