Wealth

    You could lose 80C tax benefit on EPF contribution

    You could lose 80C tax benefit on EPF contribution

    Section 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Employees Provident Fund (EPF) contribution. However, not many are aware that if the EPF trust does not meet certain specified conditions, then both the employer and employee contribution will be taxable in the hands of an individual.

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