PF Withdrawl (Taxable or Taxfree)

Aarush (Delhi)     28 July 2010

 93 likes  1546 points

| My Other Post

Please let me know if any person leave his/her company and received a sum of 75000/- in form of Provident fund than this amount will be taxable or tax free?


Pradip (Accountant/Management)     28 July 2010

 5 likes  106 points

View Profile | My Other Post

Dear Gaurav

Withdrawal of PF amount is not taxable at the time of retirement but if you withdraw the amount before 5 years duration then it is taxable. 


Pradip Pandey

venkatraman shrinivas (Tax consultant/Tax Advocate In Practice.)     28 July 2010

venkatraman shrinivas
Tax consultant/Tax Advocate In Practice. 
 22 likes  313 points

View Profile | My Other Post

Any withdrawal from Provident Fund is not taxable and is exempt under section 10(11) and 10(12) of the Income-tax Act, as the case may be,  depending upon the facts of each case. In the given case it is exempt under section 10(11).

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »