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.
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.