Dear All,
Please suggest me whether the employer can deduct the employee Contribution of PF more than 12% on basic salary (If employee wishes) ? And is the entire amount of PF will be exempted from Income Tax u/s 80C ?
And what about the employer contribution on the higher deduction ?
Thanks & Regards,
Rajendra
Bangalore
Please suggest me whether the employer can deduct the employee Contribution of PF more than 12% on basic salary (If employee wishes) ? And is the entire amount of PF will be exempted from Income Tax u/s 80C ?
And what about the employer contribution on the higher deduction ?
Thanks & Regards,
Rajendra
Bangalore