Dear Taxation experts, I understand the purpose of including ESIC and PF (employer's contribution) as part of an employee's overall package under the CTC concept. My doubt here is, why shouldn't the employee receive tax benefits on the employer's contribution to PF as well (considering the employer has included it as part of the employee's CTC)?
Thank you.
From India, Mumbai
Acknowledge(0)
Amend(0)
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
1931CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF NO Contribution on CTC.pdf