Treatment of PF in Section 80C
Last updated at April 16, 2024 by Teachoo
Chapter 5 Income from Salary & Deductions
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Chapter 5 Income from Salary & Deductions
- Chapter 6 Business Income-Proprietorship
- Chapter 7 Business Income-Patnership
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Transcript
Deduction for PF under Section 80C Monthly Salary Amount Salary Less PF 12% Net Salary 30000 3600 26400 Annual ITR Amount Salary Annual Salary Standard Deductions Income from Salary Less Section 80C (Annual PF 3600 × 12) Net income from Salary 30000 360000 50000 310000 43200 266800 Note: Max 80C is 150000
