Epf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2014 whether EPF deduction limit for salary employee increased to 15000 from 6500 and my another query is EPF contribution to employee increased to 1.5 lacs from 1 Lacs.
and this provision from which date apply.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 July 2014 No Such Changes. Only 80C limit is increased from Rs 1 lac to 1.5 lacs effective from FY 2014-15 i.e., AY 2015-16. Contribution to EPF is eligible for deduction u/s 80C. So in turn you can say Limit of deduction for employees contribution to EPF has increased from 1 lac to rs 1.5 lacs.

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2014 dear sir i have post yesterday and today service tax query regarding service tax on reimbursement of exp. please reply this question .many many thanks for reply sir,

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 July 2014 Provide me the link of query.

Service Tax not applicable on Reimbursement of Expenses though.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 July 2014 Also refer to Article from below link on further clarification on this issue---

https://www.caclubindia.com/articles/reimbursement-of-expenses-not-chargeable-to-service-tax-18109.asp#.U8Ix0vmSy3s

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 July 2014 PF limit increased from Rs 6500 to Rs 15000. See below link--

https://www.caclubindia.com/news/files/40_14194_enhancementwageceiling_9235.pdf

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2014 Thanks sanjay ji, for reply my question.