Menu
Provident fund
whether employer's contribution to provident fund is a taxable income for his employee???
Replies (5)
No....
it's not his / her income.
it's not his / her income.
employer contribution towards pf is allowable expense to entity and not consider in the hand of employee , so it is not taxable in the hand of employee
I agree with Sweety Jain.
➡️Cont. in SPF is fully exempt.
➡️Cont. in Recognised PF is exempt upto 12% of salary (i.e. basic +DA(part of retirement benefits)+com. as fixed %on turnover)
➡️Cont. in Unrecognised PF is not exempt but also not taxable in the year of cont. but is taxable in the year when PF amount is matured.
➡️Cont. in SPF is fully exempt.
➡️Cont. in Recognised PF is exempt upto 12% of salary (i.e. basic +DA(part of retirement benefits)+com. as fixed %on turnover)
➡️Cont. in Unrecognised PF is not exempt but also not taxable in the year of cont. but is taxable in the year when PF amount is matured.
thnx to all.
Welcome...ji..
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
