Pf withdrawal if job left after completed 5 years
This query is : Resolved
20 December 2012
Hi!
Please advise whether PF withdrawal is taxable if employee has left the job after completed five years.
Joining date : 01.07.2007
Left Date : 17.09.2012
PF Withdrawal Date : 22.11.2012
Thanks in advance.
Ramesh
Please advise whether PF withdrawal is taxable if employee has left the job after completed five years.
Joining date : 01.07.2007
Left Date : 17.09.2012
PF Withdrawal Date : 22.11.2012
Thanks in advance.
Ramesh
CA Sumat Singhal
(Expert)
20 December 2012
ule 8 of Part A of the Fourth Schedule of I T Act provides the circumstances under which the accumulated balance payable to an employee is exempt from tax . If employee fulfills any of following conditions, payment from recognised provident fund is tax free : (i) if he has rendered continuous service with his employer for a period of five years or more
SO NOT TAXABLE
SO NOT TAXABLE
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