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taxability of Provident Fund
What will be the tax implications of the amount received as provident fund at the time of retirement?
Replies (1)
Generally If pf is contributed by employee then it's gets deduction u/s 80c
otherwise contribution by employer then upto 12% of pf is exempt and rest is taxable.
otherwise contribution by employer then upto 12% of pf is exempt and rest is taxable.
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