10 July 2011
Under which heads is the assessee supposed to present the components of unrecognized EPF withdrawal(employer's contribution, employee's contribution, interest on employer's contribution, interest on employee's contribution) while filing IT returns? Is there any difference in the tax rates/rules on these components or is the difference only in presenatation?
10 July 2011
1. Employer's contribution: Salary Income 2. Employee's contribution: Not an Income 3. Interest on employer's contribution: Salary Income 4. Interest on employee's contribution: Income from Other Sources