Can anyone help ki hume u recognised provident fund mei 43000 aur SPF&UPF mei 150000 kyu deduct kiya

Priyanshu · 18 Apr 2025

1.Insurance premium paid ka deduction= maximum upto 20% of sum assured as LIP taken before 1/4/12 which will comes to 3000rs. 2.tution fees paid for children deduction= 40000rs 3. Deduction of contribution to SPF and RPF = 120000 in each case 4. Total 163000rs which will be further restricted to 150000 as allowed in 80c Note: no deduction is allowed in case of employee's contribution to URPF therefore in that case total deduction allowed will be 43000rs

Priyanshu · 18 Apr 2025

Ohh yeah my apology I also did mistake in taking employee contribution which is 120000 given

Sargun · 18 Apr 2025

I think you did a calculation error 3000+40000+105000 is not equal to 15000 rs ........ And since when we started giving the employer's contribution as deduction? Under what section?