Taxability on withdrawal of PF amount.
This query is : Resolved
27 August 2023
One of my client withdrawn provident fund amount of 1.4 Lakh after 6 year for 4.5 years of service rendered (left the company for better opportunity). No pf was deducted in his next company. Is the pf amount will be taxable. Please confirm.
28 August 2023
Yes it's taxable as 5 years continuous service not rendered.
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