The salary of employee was ₹ 9,00,000. Employer contributed ₹ 1,15,000 towards recognised provident fund. The amount of employer’s contribution towards recognised provident fund taxable under the head salary will be:
A. ₹ 1,15,000
B. ₹ 1,08,000
C. Nil
D. ₹ 7,000
Answer:D
The salary of employee was ₹ 9,00,000. Employer contributed ₹ 1,15,000 towards recognised provident fund. The amount of employer’s contribution towards recognised provident fund taxable under the head salary will be:
A. ₹ 1,15,000 B. ₹ 1,08,000 C. Nil D. ₹ 7,000