Wanted to know if employer contribution of 10% is to be taken in employees gross income for filing tax statement? Vinayak, 06 Nov 2012

Wanted to know if employer contribution of 10% is to be taken in employees gross income for filing tax statement?

Fintotal Answer

No. EPF upto 12% is exempt from tax.

How can it be showed in from 16.

iacrafts@gmail.com, 11 Jul 2013

Employer's contribution in PF will be part of your gross salary but is not taxable up to 12% of salary. Check Item 1 - gross salary in Form 16 and Item 2 - Less Allowance exempt under sec 10.

Fintotal Answer,11 Jul 2013


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