Rebate of PF u/s 80C

This query is : Resolved 

02 July 2009 We are deducting provident fund @ 10% on basic pay of our employees and depositing the same with our share @ 10% in nationalised bank by opening separate accounts of employees under the head "PF A/c of ....Employee Name....".

our query is

1. can we give rebate to our employees on their 10% PF share u/s 80C ?

2. What is the procedure to recognise the provident fund accounts maintained by the private organisations?

Thanks

S P Dhammi

02 July 2009 1. Yes the employees are entitled for ded. u/s. 80C on the PF paid from their salary.
2. Experts plz clarify

02 July 2009 it should be recognised


03 July 2009 Mr. Gurdeep Singh Chawla

Please Clarify the process to recognise the PF A/c.

Thanks

S.P.Dhammi



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