INTEREST RECEIVED ON PROVIDENT FUND CONTRIBUTION

This query is : Resolved 

15 September 2022 SIR WE HAVE RECEIVED INTEREST ON EMPLOYEES CONTRIBUTION AND EMPLOYERS CONTRIBUTION ON WITHDRAWAL FROM PROVIDENT FUND ACCOUNT, WHICH IS EXEMPTED UNDER WHICH SECTION ? TERM OF SERVICE IS 6 YRS

15 September 2022 Section 10(11) and 10(12) of the Income Tax Act provides an exemption for the contribution made to provident fund and the interest thereon.

15 September 2022 SIR WE HAVE MADE WITHDRAWAL AND RECEIVED INTEREST ON WITHDRAWAL

15 September 2022 Such withdrawal exempt....


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