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Pf refund
after two years of working as employee I resigned ,during employment company deducted PF which after leaving I claimed and received with interest
whether it will be taxable as salary or under any other head? ???
or it is exempt
Replies (3)
Interest on PF is always exempt..
Thanks for ur reply but what about refund of employer and employees contributions.....and if taxable then any duration of service is there to get contributions exempt
Hi,
PF withdrawl before completion of 5 years is taxable in the hands of employee as follow :
EmployER Cont. and intt. on it : >> Taxable U/H Salary
Intt. on EmployEE Cont. : >> Taxable U/H Other Income
EmployEE Conn : >> Taxable if claimed as deduction earlier....
@ Pragya: Intt on PPF is exempt from tax but on PF is taxable.
Hope it is clear...........
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