Tax on pf
This query is : Resolved
30 July 2013
I have withdrawn pf before 5 years. the amount is 36000. TDS is 84. Do I need to show the 36000 in income and pay tax as per my tax bracket again or the tds is sufficient??
CMA Ramesh Krishnan
(Expert)
30 July 2013
PF Withdrawal before completion of 5 year
Withdrawal Employee contribution exempted & employer contribution is taxable under salary
Interest on employee contribution is taxable under other sources and Interest on employer contribution is taxable under salary
need to show the taxable income and pay the tax
Withdrawal Employee contribution exempted & employer contribution is taxable under salary
Interest on employee contribution is taxable under other sources and Interest on employer contribution is taxable under salary
need to show the taxable income and pay the tax
31 July 2013
I dont have these breakups. I have only 2 figures in form 16. 36000 as salary and tds as 84. What is this 84. How can I get the individual amounts.
CMA Ramesh Krishnan
(Expert)
31 July 2013
Breakup can is available with employer.please check.
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