"Excess Contribution By Employer To A Recognised Provident Fund (RPF)Is Taxable"

The contribution of an employer in excess of 12% of the salary of the employee alone will be considered as taxable benefit to the employee. This would mean higher tax exempt income in the hands of the employee.

Related Topics .... Salary-Perquisites

• 1. Definition of 'Perquisites' as per [Section 17(2)]
• 2. Valuation of 'Perquisites' under the head 'income from Salary'
• 3. Fringe Benefits or Amenities which shall be Taxable Perquisite in the hands of All Employees
• 4. Taxable Perquisites in case of Specified Employees
• 5. Tax Free Perquisites in case of all Employees
• 6. Valuation of Rent Free Unfurnished & Furnished Accommodation [Rule 3(1)]
• 7. Valuation of Perquisite of Motor Car and other Modes of Conveyance [Rule 3(2)] for Computing Salary Income
• 8. Valuation of Perquisites in respect of Free or Concessional Education Facilities to any member of Employees' household : [Rule 3(5)]
• 9. Valuation of  Perquisites in respect of Sweat Equity Shares or Employees Stock Option Plan (ESOP) [ Section 17(2)(vi) & Rule 3(8) & (9)]
• 10. Perquisites Valuation of Medical Facilities [Proviso to Section 17(2)]
• 11. Valuation of Leave Travel Concession or Assistance (LTC/LTA) in India. [Section 10(5) & 10(6)(i)]
• 12. List of 'Perquisites' for Computation of Income under the head 'Salary'