New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which of the following Provident Fund is exempt up to

    12% of employee's salary, from employer's contribution?
    A Statutory Provident Fund Correct Answer Incorrect Answer
    B Recognised Provident Fund Correct Answer Incorrect Answer
    C Public Provident Fund Correct Answer Incorrect Answer
    D Unrecognised Provident Fund Correct Answer Incorrect Answer

    Solution

    Recognised Provident Fund provide tax exemptions on the employer's contribution up to 12% of the employee's salary, while the Public Provident Fund and Unrecognised Provident Fund do not have such provisions.

    Practice Next