What is the EPF with PPF clarification for salaried person? (opens in new tab)
Suppose a non-government salaried person has an EPF account. Employee Contribution EPF amount 4500 Rs and Employer Contribution EPF amount 4500 Rs What will be the 80C and 80CCC deduction benefit calculations from PF(when the employee has no additional PPF)? Is it 4500 X 12 = 54,000 ? Or is it a calculation like below? 4500 [Employee Contribution] + 4500 [Employer Contribution] = 9000 9000 X 12 = 1,08,000 As 80C, the 80CCC Maximum Deduction is 150,000.00. So for the above example, if the same...
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