Salaries
This query is : Resolved
17 August 2013
IF AN EMPLOYEE GETS A LUMPSUM AMOUNT FROM RECOGNISED PROVIDENT FUND BEFORE COMPLETION OF 5 YEARS OF SERVICE THEN HOW THE LUMPSUM AMOUNT SHOULD BE DEALT WITH?
CMA Ramesh Krishnan
(Expert)
18 August 2013
RPF received after completion of 5 years is exempted. Interest received on employer contribution is taxable under salary income and interest received on employee contribution amount is taxable under other sources
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