Employer's contribution of PF received after retirement and with litigation
This query is : Resolved
29 June 2022
Sir,
If employee retires , and also received PF amount from PF office. But during service some litigation was pending in court in a case filed by employee against employer during service period and which was subsequently settled in favor of employee after his retirement. As a result employee received arrears of salary in terms of court's decision and which is taxable as salary.
In addition employer also paid Employee the share of PF contribution on salary arrears directly to employee, as PF a/c had already closed at his retirement without any interest component.
Now query arises whether this payment of Employer's share of PF contribution , received by employee directly from employer thru bank transfer, Can it be treated as exempted income OR it will be treated as part of salary arrears and will be taxed.
If employee retires , and also received PF amount from PF office. But during service some litigation was pending in court in a case filed by employee against employer during service period and which was subsequently settled in favor of employee after his retirement. As a result employee received arrears of salary in terms of court's decision and which is taxable as salary.
In addition employer also paid Employee the share of PF contribution on salary arrears directly to employee, as PF a/c had already closed at his retirement without any interest component.
Now query arises whether this payment of Employer's share of PF contribution , received by employee directly from employer thru bank transfer, Can it be treated as exempted income OR it will be treated as part of salary arrears and will be taxed.
29 June 2022
It will be treated as part of salary arrears and will be taxed.
Message likes :
1 times
30 June 2022
You are welcome...........
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
