sec 80 c
This query is : Resolved
17 February 2008
is employees contribution eligible for deduction u/s 80c?
plase reply imm.
plase reply imm.
17 February 2008
YES,EMPLOYEES CONTRIBUTION( NOT BEING REPAYMENT OF LOAN) TOWARDS STATUTORY AND RECOGNIGED PROVIDENT FUND IS ELIGIBLE FOR 80 C DEDUCTION.
YOU MAY EVEN CONTRIBUTE VOLUNTARILY ALSO MORE AMOUNT THAN STATUTORY MINIMUM.
MAXIMIUM CAP UNDER 80 C IS RS. ONE LAKH.
R.V.RAO
YOU MAY EVEN CONTRIBUTE VOLUNTARILY ALSO MORE AMOUNT THAN STATUTORY MINIMUM.
MAXIMIUM CAP UNDER 80 C IS RS. ONE LAKH.
R.V.RAO
17 February 2008
yes employees contribution to RPF is eligble for exemption u/s 80 C
18 February 2008
Yes employees contribution to provident fund is entitled to deduction under section 80C up to a maximum of Rs.100,000 including other savings made under this section.
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