Easy Office

Employees provident fund

This query is : Resolved 

09 October 2015 need every detail of employees provident fund. why the TDS is deducted on interest on employees provident fund and is it taxable??can it be treated as exempted income??

10 October 2015 TDS applicable in case of premature withdrawal before 5 years or on excess interest paid on PF over and above exempted rate.
Normally PF interest payment is exempted from income tax.

14 October 2015 sir..then how should I treat it??either an exempted income or income which is included in taxable income??




15 October 2015 It is a taxable income.

15 October 2015 sir..the assessee is working for more than 5 years with the same employer and have not with drawn the amount. the rate of interest is also below 9.5%.But there is deduction in TDS

15 October 2015 Interest rate more than 8.7% (declared rate) is taxable.

15 October 2015 sir..the interest rate is only 8.33%

15 October 2015 Then ask the company why TDS is deducted.






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries