Hi guys,
Would appreciate if you could pls confirm, is there any ceiling or maximum limit to the amout of PF contribution that can be contributed by employer?
Is the following statetement true?
The amount is fixed for employer contribution to the limit as per exemption under section 80- C & the amount is Rs.7000 per month towards PF contribution from employer's side; the amount over and above this limit paid by employer is taxable in the hands of employer.
thanks
amit
From India, Delhi
2Would appreciate if you could pls confirm, is there any ceiling or maximum limit to the amout of PF contribution that can be contributed by employer?
Is the following statetement true?
The amount is fixed for employer contribution to the limit as per exemption under section 80- C & the amount is Rs.7000 per month towards PF contribution from employer's side; the amount over and above this limit paid by employer is taxable in the hands of employer.
thanks
amit
From India, Delhi
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Employer-PF-res trict to wages of Rs 6500.pdf