PF Exemption Under Income Tax.. CiteHR
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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

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