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Query regarding vpf

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(Querist)
06 April 2013 Dear Experts,

I have query regarding VPF .
Is deduction of VPF is over and above section 80C ?

for example if salary income is 10 lakhs and PF is 1 lakh and VPF contribution is also 1 lakh then taxable income will be 9 lakhs or 8 lakhs ?

Thanks
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
06 April 2013 Total Deduction u/s 80C can't exceed Rs. 1 lakh in any case.

Taxable income will be 9 lakh only.

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