Reason for deductions of PPF

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....eason for deductions of PPF<br> Query (Issue) Started By: - Poornima Gupta Dated:- 12-10-2023 Last Reply Date:- 12-12-2023 Income Tax<br>Got 1 Reply<br>Income Tax<br>Under the Section 80C of Income Ta....

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....x Act, 1961, there are deductions provided to assesses in respect of contribution to PPF Why government is promoting PPF and what is the benefit for the users? Reply By DR.MARIAPPAN GOVINDARAJAN: The....

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.... Reply: PPF is labor welfare measure. It is savings on the part of the labor/employee. The PF Act provides to recover subscriptions from employee and also to contribute by the employer in certain per....

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....cengaes. Many of the employers do not remit the amount recovered from the employees and also their contribution to the Department regularly and they made default. The contribution paid by the employer....

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.... is deductible expenses under the Income Tax Act. If the PF dues are not paid in time the same will not be allowed as deduction and they have to pay income tax on that portion also.<br> Discussion For....

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