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Hi ,
As per our company standard employee salary included with employer PF Share .
Ex: Employee Salary : 39220
PF Employer contribution : 780
Total Employee Salary : 40000/-
For income tax calculation purpose how much amount we should take for employee salary Per month 40000/- Rs Or 39220/-Rs
As well as They are deducting 780 /- Rs from my Salary also .so how much amount can i show under section 80C Pf contribution : 9360 ( 780*12 ) Or 18720 /- ( Including Employeer PF )
Give me your best suggestion for tax calculation purpose .
Thanks,
V.Naidu

From India , Hyderabad
Hi,
We are calculating the TDS on salary for one employee in our company. I need your help in this regard. As the employee having the two home loans. While calculating the TDS howmuch I can give the Tax exemption for Interest amount, Principle & HRA treatment.
Please suggest me on the same.
Thanks in advance for your support.
Regards
Nagesh P

From India, Bangalore
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