80c pf limits...
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2013
dedcution of rs 1,00,000 in 80 C does limit of 1 lacs also includes employers contribution to PF or only eemployees share to PF.
19 March 2013
only employee share
19 March 2013
Only Employees Share is eligible for deduction u/s 80C. You are getting deduction for investment made by you u/s 80C. When employer is contribution that is not your investment. Employers contribution to Pf upto 12% is also exempt from tax.
20 March 2013
No, Not Included.
But Employer Share is also exempted upto 12% of contribution of salary.
But Employer Share is also exempted upto 12% of contribution of salary.
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