Pension from Employess Provident Fund Exempt?
This query is : Resolved
29 July 2008
While the pension received from the employer is taxable, is it true that the pension received from EPF is exempt? Please guide.
30 July 2008
"Family Pension" will be taxable under the head, Income from Other Sources.
02 August 2008
1. The accumulated balance due and becoming payable to
an employee participating in Recognised Providend Fund
shall be exempt as prescribed in Rule 8 of Part A of the
Fourth Schedule.
2. Employee's contribution is eligible for deduciton
under Section 80C.
3. Amount received on retirement is fully exempt u/s
10(12)
4. Interest credited in excess of 8.5% is taxable as salary.
an employee participating in Recognised Providend Fund
shall be exempt as prescribed in Rule 8 of Part A of the
Fourth Schedule.
2. Employee's contribution is eligible for deduciton
under Section 80C.
3. Amount received on retirement is fully exempt u/s
10(12)
4. Interest credited in excess of 8.5% is taxable as salary.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Taxation on Old jewellery sold
- ITR 44AD SECTION
- Query regarding reporting of exempt foreign remuneration in ITR
- PF wage ceiling
- Error in uploading Form 10BD
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
