Income tax on pf withdrawl
This query is : Resolved
CA Sriraghavan
(Querist)
10 May 2013
Dear Experts
I had worked in 2 companies during the tenure Jul 07 - Sep 08 and from Feb 09 to Dec 10. Thereafter i left my job to pursue CA and indeed i have qualified the same. My query is that i had applied for PF withdrawal of both the companies and had received the EPF amount in Mar 2013. The total amount received is 66000. Should i file my return for FY 12-13 considering this income as from "Other Sources"
Please let me know the treatment.
Thanks in advance
I had worked in 2 companies during the tenure Jul 07 - Sep 08 and from Feb 09 to Dec 10. Thereafter i left my job to pursue CA and indeed i have qualified the same. My query is that i had applied for PF withdrawal of both the companies and had received the EPF amount in Mar 2013. The total amount received is 66000. Should i file my return for FY 12-13 considering this income as from "Other Sources"
Please let me know the treatment.
Thanks in advance
Rupesh Jain
(Expert)
19 June 2013
r/sir
after complete 5 years of PF a/c or on retirement from job
you can take exemption of Pf
other wise its taxable in your hand in which you recd. under salary head
after complete 5 years of PF a/c or on retirement from job
you can take exemption of Pf
other wise its taxable in your hand in which you recd. under salary head
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