GENERAL PROVIDENT FUND WITHDRAWL
This query is : Open
VIKAS KUMAR SHARMA
(Querist)
31 August 2020
a state government employee who has completed more than 10 years of service and left 10 years of his retirement, withdraw GPF form his account for the purpose of a daughter's marriage.
Is he liable to pay tax under Income Tax? If yes in which section tax implement? If no exemption in which section?
please elaborate
Is he liable to pay tax under Income Tax? If yes in which section tax implement? If no exemption in which section?
please elaborate
31 August 2020
TDS & Income Tax is not applicable on PF withdrawal after 5 years. THESE INCOME ARE EXEMPT FROM INCOME TAX.
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