CONSULTING
1320 Points
Joined April 2008
| Originally posted by : Saurav Bhattacharya |
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only unrecognized provident fund is taxable. in this employees contributions and his interest is not taxble. plz read incometax rule 17(3) |
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When PF is withdrawn, there are two credits flowing to the bank account.
1) Credit entry of the PF withdrawal
2) Credit for the EPS Pension contribution withdrawal.
From where will such breakup be available for employer contribution + interest on that contribution to be taxable and remaining not to be taxable.??
What about the 2nd credit entry? Is that fully taxable? What are rules on the second entry of EPS pension contribution withdrawal?