In Income tax if employer contribute more than 12 percentage of salary to Rpf then It will taxable then how the limit of 7.5 lakhs apply with this provision..

Question

Akash · Answer

Ok so look. It is like first you need to calculate on 12% and after calculating the amount on 12% if the answer is more than 7.5L then the excess part above 7.5L is taxable. It is like limit in limit. The amount should be calculated on 12% first and if it crosses 7.5L then the excess part above 7.5L is taxable. Someone correct me if I am wrong.

LUCIFER · Answer

Which 7.5 lacs limit ?

In Income tax if employer contribute more than 12 percentage of salary to Rpf then It will taxable then how the limit of 7.5 lakhs apply with this provision..

2 answers

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