Employees provident fund organization(epfo)
This query is : Resolved
19 February 2017
whether Fund set up by Employees provident fund organization (EPFO) for government employees is statutory provident fund or recongnised provident fund??
19 February 2017
It is a statutory provident fund.
19 February 2017
Sir can you please explain me how so that i can explain it my boss??
19 February 2017
first of all thank you sir for the reply ,sir can please me how it is a statutory provident fund
so that i can explain it to my boss
and whether government employee here also includes state government employee and semi-government employee
19 February 2017
See the link.
http://taxguru.in/income-tax/tax-treatment-recognized-provident-fund-rpf-unrecognized-provident-fund-urpf-statutory-provident-fund-spf.html
http://taxguru.in/income-tax/tax-treatment-recognized-provident-fund-rpf-unrecognized-provident-fund-urpf-statutory-provident-fund-spf.html
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19 February 2017
Thanks again sir
sir since fund set up by epfo for government employees is a statutory provident fund any pension received from such fund would be exempt as section 10(11) says that any payments received from statutory provident fund is exempt
sir since fund set up by epfo for government employees is a statutory provident fund any pension received from such fund would be exempt as section 10(11) says that any payments received from statutory provident fund is exempt
19 February 2017
Pension payment is taxable but payment of provident fund accumulation with interest after 5 years of service is exempted from tax.
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