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.
https://taxguru.in/income-tax/tax-treatment-recognized-provident-fund-rpf-unrecognized-provident-fund-urpf-statutory-provident-fund-spf.html
https://taxguru.in/income-tax/tax-treatment-recognized-provident-fund-rpf-unrecognized-provident-fund-urpf-statutory-provident-fund-spf.html
Message likes :
1 times
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Specified Profession
- GST ON DAMAGED GOODS
- Taxation on LTCG for property sold after 24JUL2024
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
