Minimum rate of deduction of provident fund

[zahid 13456]

AoA!
According to ITO 2001
ITO provides exemption for tax levies on employees contribution to Approved provident fund
LOWER of
100,000 or 10% of basic salary +Dearness allowance

Interest paid by employee to APF is exempt
LOWER of
1/3 b.salary or paid on rate 16%

Any contribution towards unapproved PF have no exemption, totally taxable.

REGARDS,
ZAHID