Yes. It can be claimed under 80C.
Is PF deduction by employer claimable for tax exemption
Dear consultant, my employer deducts some money from my salary towards provident fund , can this be claimed towards tax exemption like section 80c or 80d
Asked 7 years ago in Income Tax
Hi,
Yes, it can be claimed under section 80C.
Your employer will also consider it while calculating your tax liability.
Please feel free to call/ revert in case you need more clarity.
Thanks and Regards
Abhishek Dugar
CA CS B.Com
Yes, it can be claimed under 80C
my company has a tool in which I enter the "Contribution to Provident Fund as per PF Act,1925" as some amount..this is the one I was referring to I hope this is claimable under tax exemption.
Asked 7 years ago
you can close this question after you have answered my question, I thank you for your answer
Asked 7 years ago
Yes you can claim your contribution to PF as a deduction u/s 80C of the Income Tax Act upto a maximum of Rs 1,50,000/- along with other applicable deductions towards Life Insurance Premium etc.
Hi,
Both you, the employee as well as the employer contribute to provident fund. Both can be claimed as deduction. Usually, when the employer issues Form 16 to you, it would have been considered.
Trust this clarifies.
Regards,
Keerthiga Padmanabhan
M.Com., CA, LL.B
Yes. You can claim this.
in CTC two parts of PF includes , 1 Employers share 2 Employee Share
you can claim Your (employee share ) as deduction under section 80C , Employer share is not considered as your income nor as deduction for you.
Hello,
Yes, you can claim the deduction if the amount paid by your employer is shown as a part of your salary.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP
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