Taxability of withdrawl of provident fund
This query is : Resolved
22 July 2014
Hi all
Is withdrawl of Provident fund by an employee after changing the job, taxable?
Ex: Mr X works for X Pvt ltd for 8 years and leaves the organisation on 22.07.2014.Immediately he applies for withdrawl of PF amount and receives Rs 225620 as PF in 50 days. So now what is taxability of the same?
Is withdrawl of Provident fund by an employee after changing the job, taxable?
Ex: Mr X works for X Pvt ltd for 8 years and leaves the organisation on 22.07.2014.Immediately he applies for withdrawl of PF amount and receives Rs 225620 as PF in 50 days. So now what is taxability of the same?
Nikhil Kaushik
(Expert)
24 July 2014
it is not taxable...........
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