Recognised provident fund - Taxability
Durgesh Maurya (44 Points)
10 May 2021
Provident fund deductions is taxable under which head and is there any deductions available ?
Durgesh Maurya (44 Points)
10 May 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 May 2021
Durgesh Maurya
(44 Points)
Replied 10 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 May 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 May 2021
Employer's PF contribution to the extent of 12% of salary is exempt and anything above the limit is taxable under the head salary.
Employee's contribution can be claimed as deduction u/s 80C.
Though the query is still not clear to me, I have tried my best to reply. Hope this what the query is about.
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