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.
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,
CAclubindia
