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P F

This query is : Resolved 

17 August 2021 CONTRIBUTION TO RECOGNISED P F STARTED FROM JUNE 15 TILL OCT 17
P F AMOUNT WAS WITHDRAWN IN FULL ON 23.07.20
WHETHER EMPLOYER & EMPLOYEE CONTRIBUTION AND INTEREST RECEIVED ARE TAXABLE ?

17 August 2021 yes it is taxable .....

18 August 2021 withdrawn after 5 years. Still it is taxable

18 August 2021 In your case you seem to have not served continuously for 5 years.
so employers contribution, interest and in case you have taken 80c benefit, it is totally taxable.

18 August 2021 Employee contribution to PF was shown by employer in 80C deductions for all the years other investments qualifying for 80C were coming to Rs.1.5L C
In that case can it be said that for 80C benefit was not taken for employees contribution to P F

23 September 2021 Any contribution held less than 5 years, over which 80C deduction was claimed, will be taxable in the year of withdrawal.


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