Tax on Employers Contribution of PF
This query is : Resolved
01 January 2009
Dear Sirs
Is Employer's contribution of PF taxable in the hands of Employee? If such contribution is deducted from the salary of employee than is it taxable in the hand s of employee? Is it allowable deduction under sec sec 80 C if it is taxable?
Is Employer's contribution of PF taxable in the hands of Employee? If such contribution is deducted from the salary of employee than is it taxable in the hand s of employee? Is it allowable deduction under sec sec 80 C if it is taxable?
01 January 2009
Employer's contribution in excess of 12% of the salary of the employee is taxable in the hands of the employee.
01 January 2009
Such contribution ,as said above, will not qualify for deduction u/s 80C.
01 January 2009
Employers' contribution in excess of 12% of salary is taxable in the hands on Employee. It does not qualify for deduction u/s 80C.
Message likes :
1 times
01 January 2009
Only Emplyee's contribution to PF is qualified for Deduction u/s 80C.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Disallowance of Section 43B(h) to sez units
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- GST Regis.
- Sale of property furniture sale
- Is correct way to find out capital of individual on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
