PF withdrawl
This query is : Resolved
02 February 2011
Taxability of PF Withdrawl
02 February 2011
Not taxable if the fund is a recognised PF and the account is held for 5 years.
Not taxable if the PF A/c is maintained under Stautory Provident Fund Scheme.
In Case of Unrecognised PF,
Employers Contribution and Interest thereon is taxed under the head salary.
Interest on Employees' contribution is taxed under "Income from Other Sources.
Employees' contribution is not taxable.
Not taxable if the PF A/c is maintained under Stautory Provident Fund Scheme.
In Case of Unrecognised PF,
Employers Contribution and Interest thereon is taxed under the head salary.
Interest on Employees' contribution is taxed under "Income from Other Sources.
Employees' contribution is not taxable.
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