Withdrawal from recognised pf
This query is : Resolved
24 August 2021
P F is withdrawn after continuous service for 2 years and 4 months from june 15 to Sep 17
Employee contribution to PF was shown by employer in 80C deductions for all the years. However other investments qualifying for 80C without considering Employee Contribution to P F were coming to Rs.1.5L.
In that case can it be said that for 80C benefit was not taken for employees contribution to P F and employee contribution to P F will not be taxable for above withdrawal ?
Employee contribution to PF was shown by employer in 80C deductions for all the years. However other investments qualifying for 80C without considering Employee Contribution to P F were coming to Rs.1.5L.
In that case can it be said that for 80C benefit was not taken for employees contribution to P F and employee contribution to P F will not be taxable for above withdrawal ?
24 August 2021
Yes, in such a case it will not be taxable. But employer contribution and both interest taxable.
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