Dear all,
Please tell me PF withdrawal is taxable or exempted...
One of My friend, withdraw his total PF . is it taxable or not.
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PF WITHDRAWAL
Replies (12)
sir pls tell whether the payment is covered by EPF ACT 1912 or its recognised pf or unrecognised pf
Yes it is covered under EPF Act, and employee has 7 years service in public limited company..
it is not taxable.
withdrawal of PF is not taxable.
it is exempted fully
it is exempted
Exempt u/s 10(12) read with part 8 of Schedule IV if covered by EPF Act, 1952
I am also agree it is not taxable
Exempt u/s 10(12)of the income tax act.
Regards,
manoj
| Originally posted by : sachin | ||
 |
it is exempted fully |
 |
It is not taxable if the Member is continuously been a member of the Recognised PF fund for a min period of 5 yrs.
Thank you all
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