I have Provdent Fund account, me and my company deposite 12% + 12% into it every month. (12% of my basic salary)
- can i show my 12% in tax excemption?
- can i show company's 12% in tax excemption?
- can i make my 12% to 50% and show that 50% in tax excemption?
Please can someone clear this points asap?
Thanks!
CAclubindia
