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Taxable income

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(Querist)
28 November 2011 is employer share/contribution towards epf taxable in the employee`s hand pls specify section of IT?
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CS, Deepak Pratap Singh

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CS, Deepak Pratap Singh (Expert)
28 November 2011 As per income tax act, 1961 employers' contribution in excess of 12% of basic salary and da is taxable in the hand of employees and interest portion on employers' contribution is also taxable as income from other sources.
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sanjeev singh

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sanjeev singh (Querist)
01 December 2011 thanks for clarification
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