80c- deduction of spf and dcrbs
This query is : Resolved
27 July 2014
Dear sir,
I and my wife both are working for the same private sector bank where my PF deduction from salary is covered under SPF (pension) scheme where as my wife who joined after 01.04.2010 is covered under DCRBS (defined contributory retired benefit scheme)
This monthly deduction of SPF and DCRBS is eligible to claim under section 80C. My query is can employer contribution (which contributes same amount monthly) also be considered as investment under 80C by both of us during our individual IT return..?
Kindly guide us in this regard.
28 July 2014
No only employee's contribution is considered.
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