Employer’s contribution in recognized provident fund is.
A. Taxable
B. Exempt
C. Exempt upto 1/3rd of basic salary
D. Exempt upto 10% of basic salary or Rs.150,000, which ever is less
Answer:D
Employer’s contribution in recognized provident fund is.
A. Taxable B. Exempt C. Exempt upto 1/3rd of basic salary D. Exempt upto 10% of basic salary or Rs.150,000, which ever is less