"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.

Similarly, interest only in excess of 8% p.a. [8.5 %  in some cases]. in the P.F. account would be considered as a perquisite.
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