Dear Sir, Madam,
Govt. Employee Can a GPF Advance deduction u/s 80c
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Urgent please
Replies (6)
yes
contibution of employee in gpf
| Originally posted by : vinoth tax Practitioner chenna | ||
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Dear Sir, Madam, Govt. Employee Can a GPF Advance deduction u/s 80c |
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GPF LOAN REPAYMENT CAN A DEDUCTION U/S 80C
My client income tax benefit for the amount deducted from salary towards GPF contribution. Is the deduction of the GPF advance ( monthly installments) also comes under this?
Pls, expert ans. me
PLS. REPLY
Hello,
As per sec 80C of the income tax act 1961 you will get the deduction GPF contribution.Maximum amount that can be allowed as deduction is Rs 1,00,000.
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