Pension fund deduction claims?
By Marc Sevitz · Updated
When ask for tax exemption for the VPF amount what I had paid, they say you are not eligible to claim, since already 12% deducted from your basic.
Please any document proof if available
Pension Fund contributions are limited to a 7.5% of Retirement Funding Employment Income so any amount contributed to pension funds, as a whole, which exceeds this amount will not be eligible for a claim.