New Enroll in RBI Grade B New Batch - Starts on May 21

    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.

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