Hey my clint made excess contibution toward PF of employee.who having salary more then 6500. whether in excess of 6500 contribution made by employer is taxable in the hand of the employee.
actual case.
employee salary
basic 15000
DA 12000
total 27000 employee contribute @ 12% and also Employer contribute same amout of employee.3250(27000*12%)( as in ratio of pf and pansion that is fine) .my doubt is in excess of 780(6500*12%) contributre by employer should be taxable in hand of employee and it should shows in form 16 of employee.
give appropriate suggestion regarding this..
thx
CAclubindia
