Income tax on interest on pf a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2016
Dear All
My father is just retired from Indian oil. During his service period interest on his pf a/c was exempt. But now he has option. he can withdraw all his pf amount from his account or he can leave it there.
As he is not employee of Indian oil now whether interest on his pf account is taxable or not
thanks in advance
My father is just retired from Indian oil. During his service period interest on his pf a/c was exempt. But now he has option. he can withdraw all his pf amount from his account or he can leave it there.
As he is not employee of Indian oil now whether interest on his pf account is taxable or not
thanks in advance
15 December 2016
Interest accrued on PF is exempted from Income tax.
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