Employer’s contribution in unrecognized provident fund is.
A. Taxable
B. Exempt
C. There is no tax treatment of such contribution
D. Exempt upto 10% of basic salary or Rs.150,000, which ever is less
Answer:C
Employer’s contribution in unrecognized provident fund is.
A. Taxable B. Exempt C. There is no tax treatment of such contribution D. Exempt upto 10% of basic salary or Rs.150,000, which ever is less