Salary head

This query is : Resolved

gagan (Querist)
Follow

14 March 2014 upto what the employer's contribution to rpf is exempt??? 12% or 12.5%??

Anand Dad (Expert)
Follow

14 March 2014 any amount contributed by an employee to the RPF is deductible u/s 80C

Anand Dad (Expert)
Follow

14 March 2014 you may refer sec. 80C(2)(vi)

Anand Dad (Expert)
Follow

14 March 2014 since it is covered u/s 80C, the maximum limit of Rs. 1 Lac applies.........

CA Deven (Expert)
Follow

14 March 2014 Emplyers contri is exempt upto 12 % max

Anand Dad (Expert)
Follow

14 March 2014 you are asking for the one deducted from the company or the one you paid by yourself into a recognised Provident Fund Account

Anand Dad (Expert)
Follow

14 March 2014 If you yourself are contributing to the PF account which is notified by the Cg, the above would apply

Anand Dad (Expert)
Follow

14 March 2014 Employees contribution is covered under sec. 80C

Anand Dad (Expert)
Follow

14 March 2014 Employers contribution is not deductible

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess