Is PF withdrawl Taxablle for a compay i had worked for 7. 6y
This query is : Resolved
16 February 2011
One of my client have just withdrawn his PF... from one of his previous employer st where he has worked for 7.6 yrs ( Dec99 to June'2007)
Got the payment of around 4 lakhs . just wanted to check ..will this amount be taxable ? if yes then how much if no then what are the condition /clause where PF is exempted from taxes
Is this exemption available for PF withdraw only once in lifetime with tax ?
Is partial payment/ full payment while retiring is exemptable from tax .....
Got the payment of around 4 lakhs . just wanted to check ..will this amount be taxable ? if yes then how much if no then what are the condition /clause where PF is exempted from taxes
Is this exemption available for PF withdraw only once in lifetime with tax ?
Is partial payment/ full payment while retiring is exemptable from tax .....
16 February 2011
Any amount received or interest by the person from PF authorities is exempt u/s 10(11) & 10(12).
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