Pf withdrawal
This query is : Resolved
Sanjay Sharma
(Querist)
27 March 2013
Hi All,
I have withdrawal my PF amount from my last company in 3 years6 months, I have directly received the amount in my saving account 2.25 Lakh form EPFO office.
Mu query is that I have to pay tax on full amount? or only Interest earn on employer share in 3.6 months?
Thanks in advance
I have withdrawal my PF amount from my last company in 3 years6 months, I have directly received the amount in my saving account 2.25 Lakh form EPFO office.
Mu query is that I have to pay tax on full amount? or only Interest earn on employer share in 3.6 months?
Thanks in advance
CMA Ramesh Krishnan
(Expert)
21 July 2013
Since the PF amount withdrawal before completing 5 years, employee contribution is exempted and interest on employee contribution is taxable under income from other sources. and employer contribution and interest taxable under income from salaries
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
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
