I have received PF accumulated amount of say Rs. 40 L. after retirement on 31/5/17. Where should I declare it as income in return form?
It is fully exempt from I tax. How to show & claim it's exemption?
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Provident fund amount
Replies (4)
Which kind of PF u received:-
1. Statutory
2. Superannuation
3. Public
4. Unrecognised
5. Recognised?
If u received any PF among above four, it is exempted from Income Tax but if you received Recognised PF then it will be taxable.
1. Statutory
2. Superannuation
3. Public
4. Unrecognised
5. Recognised?
If u received any PF among above four, it is exempted from Income Tax but if you received Recognised PF then it will be taxable.
if you employed as employee for more than 5 year than the amt which you are withdraw from a/c is fully exempt .it will be shown under termination benefit
if you employed as employee for more than 5 year than the amt which you are withdraw from a/c is fully exempt .it will be shown under termination benefit
It is from recognized pf and it is exempt from tax. My problem is where to show in the return form. Also where to show it's exemption? Or whether I should not show at all?
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