Please tell whether PF Contribution by Employer is taxable or not?
Employers contribution to pf
CMA Purushottam Deshmukh (Executive Costing) (180 Points)
05 February 2013
5 Replies
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 05 February 2013
In case of RPF, if it is in excess of 12% of salary(Basic+DAformin part of salary), then it shall be taxable.
Harish
(CA Student)
(568 Points)
Replied 05 February 2013
Upto 12% of Salary it is not taxable, beyond which contribution will be taxable. Salary for same purpose is Basic Pay+DA if Considered for Retirement benefits+ Commission paid as fixed percentage on Gross Sales effected by Employee.
I hope above explanation will clear your doubts.
CMA Purushottam Deshmukh
(Executive Costing)
(180 Points)
Replied 05 February 2013
Whether it is taxable in the hands of Employee or not?
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