Withdrawal of PF

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2011 X have received Rs.76000 as withdrawal from PF and Rs.19500 as withdrawal from PEnsion after 3 years of service. How will be the same treated in his total income for tax on salary purpose. X is an salaried individual having no other source of income.

29 March 2011 Entire amount will be taxable as amount is withdrawn before 5 years of continuous service.


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