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Income tax on interest on pf a/c

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Querist : Anonymous

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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
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
15 December 2016 Interest accrued on PF is exempted from Income tax.
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