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.
Rupesh Jain
(Expert)
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.
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