Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

RAKESH TRIKHA (Associate Professor)     20 September 2010

INCOME TAX REBATE ON AMOUNT DEPOSITED IN SAVING BANK ACCOUNT

1.     Dear  Friends
 Please clarify me very important fact that if an employer deposits your EPF in saving Bank Account of a nationalised Bank . Can An employer issue F-16 form and is employee is eligible to get Income Tax rebate on that amount.

       Another interesting fact that The employer who is issuing 16 -A form is depositing his own EPF  with Provident Fund commissioner and getting all the benefits of EPFO. But certain employees are being denied on the pretext of " excluded employee" whereas his own salary in more than so called Excluded employees



Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register