P F
This query is : Resolved
Quick Summary
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P F AMOUNT WAS WITHDRAWN IN FULL ON 23.07.20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 ?
P F AMOUNT WAS WITHDRAWN IN FULL ON 23.07.20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withdrawn after 5 years.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.
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
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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