income tax on pf intrest & employears contributiuon
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2011
Hi,
If employee resigns less tahn 5 yaers Intrest on provident fund & employers pf is excemption or taxable? as it act 80c employers contribution and intrest on provident fund the folloeing cases
1)if the employee has renderd continous service with his employers for a period of 5 years or more.
pls send us reply
Regards
Ramesh
If employee resigns less tahn 5 yaers Intrest on provident fund & employers pf is excemption or taxable? as it act 80c employers contribution and intrest on provident fund the folloeing cases
1)if the employee has renderd continous service with his employers for a period of 5 years or more.
pls send us reply
Regards
Ramesh
14 February 2011
I a employee resign before five years, the deduction enjoyed by eployee in earlier Assessment Year in respect of PF will be added to curent year. But if joins some other company and transfer his PF of earlier employer to new employer, nothing would be taxable.
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