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Feb 07, 2012 at 07:37 AM

Income Tax on PF Contribution

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Hi Experts,

I have a query that if the employee & empolyer contribution is more than the statutory limit of 12%,

For Ex.p an employer Paying 15% PF Contribution & deducting the same as Employee Contribution.Employee is also contributing 15 % as VPF.

So are these contribution Taxable or Non Taxable .

Any inputs on this matter.