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PF Contribution.

This query is : Resolved 
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(Querist)
24 September 2008 Dear Sir,

please clerfy that PF contribution by employer and employees both are exempted in income tax or not.

Regards,

Praveen.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
24 September 2008 PF contribution (to an approved fund)by employer is exempt in the hands of employee. PF contribution by employee is considered u/s 80C.

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