PF Exemption Under Income Tax.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|

ellendula Started The Discussion:

Hi, Whether i have to consider 24% of EPF for tax exemption purpose u/s 80C (12% by employer & 12% by employee = 24%) or only should i consider 12% share by employee. kindly suggest

radha krishna panda -  Member Since: May 2007
Hai
Please consider your share only because it is the part of saving on your income. If you want to save above 12% of your income you can go for Voluntary excess ontribution which will also be exempted fro IT.

RKP




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Share This Discussion:


    3M Users, 100K+ Documents & 450K+ Discussions
    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network