Pf recd afer completing only 1 yr of service whether taxable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2015
Dear Sir,
I would like to know that if, someone had just completed his service of one year & after that he had changed the organisation & after that he receives certain amount of money from Provident Fund account, than such sum is taxable or tax free??
As I had doubt that it will remain tax free only after completion of 3 years.
& also suggest whether am I right or not as the sum received under PF will be included in Income from other sources, if it is taxable.
I would like to know that if, someone had just completed his service of one year & after that he had changed the organisation & after that he receives certain amount of money from Provident Fund account, than such sum is taxable or tax free??
As I had doubt that it will remain tax free only after completion of 3 years.
& also suggest whether am I right or not as the sum received under PF will be included in Income from other sources, if it is taxable.
29 May 2015
pf amount taxable under income tax if its not completing the 5 year of PF a/c.
u can tfr this pf a/c with new employer then no tax applicable.
u can tfr this pf a/c with new employer then no tax applicable.
Message likes :
1 times
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 BASE ON NOTIFICATION
- NRI starting business in India
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Resigning a auditor from the company for misconduct
- Capital gain on sale and purchase of plot
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
