Epf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2013
if a person withdraw 11 lakhs form provident fund so what is the tax liability beared by the employee ?
please tell in both cases where employee worked less than 5 yrs n more than 5 yrs .
please tell in both cases where employee worked less than 5 yrs n more than 5 yrs .
26 July 2013
If more than 5 year, the entire proceeds will be exempted
If less than 5 years, other than termination or relieving due to illness, the employee contribution is exempted, interest on employee contribution is taxable under " Other sources" and Employer contribution and interest will be taxable under salary
If less than 5 years, other than termination or relieving due to illness, the employee contribution is exempted, interest on employee contribution is taxable under " Other sources" and Employer contribution and interest will be taxable under salary
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Regarding Applicability of Tax Audit u/s 44AB
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
