19 March 2010
Dear sir as we know that if the employer share is of PF contribution is more than 12% of baisc will be taxed in the hands of employee as it is income in the hands of employee for the Financial year 2009-2010. But Please clarify that the employer is paying 12% basic along with it he is also paying the PF administration charges and overall comes to 13.61% of the employer contribution though it is restricted to 12% of Employer share. regards Ramesh
CAclubindia
