EPFO Category

Provident fund received from EPFO (Employee Provident Fund Organization) will be categorized as Recognized Provident Fund OR Statutory Provident Fund?
Replies (4)
Quick Summary
This discussion clarifies the classification of Provident Fund (PF) received from EPFO for Income Tax Return (ITR) filing. It confirms that PF covered under EPFO is considered a Recognized Provident Fund, falling under Section 10(12) for tax exemption purposes. The user sought guidance on correctly disclosing this exempt income in ITR 1, differentiating it from Statutory Provident Funds (Section 10(11)).

types-of-provident-fund

tax-on-pf-provident-fund

Thank you sir for your reply but actually my question is that my father has received PF (EPFO) after retirement.

Now while filing ITR 1 it is showing option in disclosure of exempt income for Section 10(11) for Statutory Provident Fund & Section 10(12) for Recognized Provident Fund.

I am confused about the diclosure of the amount received. Whether it is required to disclose and if yes then under which section?Actually I referred above mentioned articles but didn't find the solution.

Request you to kindly guide.

Select... Section 10(12) for Recognized Provident Fund.
 

Thank you very much sir for your reply so that means PF covered under EPFO is considered as Recognized Provident Fund and not Statutory Provident Fund. Kindly confirm.

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