Employee providend fund

03 December 2021

Employees Providend fund taxable or not?

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6 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 03 December 2021

Provided Fund is Deduction under section 80c of the Income tax act .

shrawan choudhary (132 Points)
Replied 03 December 2021

Can you provide more specification?

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 03 December 2021

It's not taxable at time of withdrawal if continous service is for more than 5 years.
Also you get yearly deduction under 80C upto 150000

Poonam ghadi (30 Points)
Replied 03 December 2021

Employee providend fund received after retirement around rs 90000

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 03 December 2021

Not taxable.

shrawan choudhary (132 Points)
Replied 03 December 2021

Exempt under sec 10 if it is not received from unrecognised provident fund

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