Interest on pf contributions

Tax planning 131 views 1 replies

80 C DEDUCTION IS UPTO A LIMIT OF 1.5 LACS.   

MY QUERY IS- CAN WE VOLUNTARILY CONTRIBUTE MORE AMOUNT TO PF ACCOUNT (MORE THAN 1.5 LACS , BUT LIMITING 80 C DEDUCTION TO 1.5 LACS). WHETHER  THE INTEREST EARNED ON SUCH EXCESS CONTRIBUTIONS -WILL BE TAX FREE

KINDLY ADVISE

Replies (1)

yes limit upto 150000/- after that interest is taxable 


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