80c deductions

This query is : Open

ammaji rajulapati (Querist)
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10 January 2015 friends ,

in 80c deductions employee & employer contribution is allowed as under section 80c
or only employee pf contribution is allowed as a deduction

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 January 2015 Only employee contribution is allowed as deduction u/s 80C.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 January 2015 Only employee's contribution is eligible for deduction u/s 80C. An employee makes investment while making PF contribution which is eligible for deduction u/s 80C whereas employers contribution is an Income for employee. Employers contribution is exempt upto 12%. In case any employer contributes more tham 12% then amount in excess of 12% will become taxable in the hands of employee.

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