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receipt from provident fund

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382 Points Posted on 19 July 2019
At the time of retirement if an assesse receive amount from provident fund, then is it necessary(compulsory) to show that amount in ITR or not?
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On 19 July 2019 at 18:55 Report
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SEO Sai Gr. Hosp.
211585 Points Posted on 19 July 2019

Very much compulsory....... there are options available under Schedule EI for its exemption ...

581 Reply
On 19 July 2019 at 19:00
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382 Points Posted on 19 July 2019
Thank you sir for your reply, so full amount is exempt?
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On 19 July 2019 at 19:03
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SEO Sai Gr. Hosp.
211585 Points Posted on 19 July 2019

tax-treatment-of-provident-fund

 

tax-on-provident-fund

 

info/retirement-benefit

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On 19 July 2019 at 20:20
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382 Points Posted on 15 August 2019
Thank you very much sir for your reply, above links are very helpful... Sir please help me with my query i.e. 1)can we consider EPF as RPF or it should be disclose in ANY OTHER part? 2) while disclosing receipt from PF in itr is it require to bifurcate principal & interest amount?
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On 15 August 2019 at 09:21
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SEO Sai Gr. Hosp.
211585 Points Posted on 15 August 2019

1. Its generally RPF, but check your statement.

2. Yes, if any part is taxable.

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On 15 August 2019 at 19:31
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382 Points Posted on 16 August 2019
Thank you very much sir for your reply, so if any part of interest is taxable then we are supposed to report it under IFOS and rest exempt part with principal is to be shown under exempt part of PF, Right? Just confirming?
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On 16 August 2019 at 10:55


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