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Section 80 c

This query is : Resolved 

15 October 2013 Dear Sir,

our company is deducting provident fund under employees provident fund act,1956. the company is providing salary on CTC basis, therefore, all the deduction related to pf is deducted from salary. However, section 80 c said that employees contribution to PF is available for deduction. should the employers contribution also be treated as employees contribution for section 80C because company is paying on CTC basis and no additional amount is contributed by employer.

15 October 2013 Employer contribution is not taxable and exempted from income tax, since exempted not eligible for deduction u/s.80C



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