Exemption on withdrawal from provident fund account

This query is : Resolved

CA AJAY SHYAMLAL HASSIJA (Querist)
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20 January 2014 If employee is resigned from one co (less than 5 yrs) and amount received from provident fund can be invested in ppf for claiming as examption ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 January 2014 well withdrawal results in taxation ...and regardless PPF exemption will be covered under 80C...so ya to that extent you can claim relief...but that was anyways available to you..

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