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Pf recd afer completing only 1 yr of service whether taxable

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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.

Rupesh Jain

Rupesh Jain (Expert)
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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.

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