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Salaries (Income Tax)

This query is : Resolved

krina

( Author )
03 October 2011

when the lump sum amount is received on maturity of the following:

URPF (unrecognised provident fund)
PPF (Public provident fund)
SPF (statutory provident fund)
RPF(recognised provident fund)

& FD (fixed deposite)
then which of them wil be taxed ?

Siddhartha Bhardwaj

( Expert )
03 October 2011

The amount received from URPF shall be taxable.

As for the FD, only the interest portion on the same is taxable on accrual basis.

The lump sum amount received on maturity shall not be taxable.

krina

( Author )
03 October 2011

thanks alot for immediate relpy ...