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Receipt of Provident Fund

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382 Points Posted on 31 July 2022
What will be the tax treatment of amount of provident fund received after retirement? How to disclose the same in income tax return?Plz guide.
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On 31 July 2022 at 14:35 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 31 July 2022

tax-on-provident-fund

pf-balance-withdrawal-incometax

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On 31 July 2022 at 14:53
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382 Points Posted on 31 July 2022
Thank you sir for your reply. I read the article. Just to confirm so assessee is not require to disclose amount of PF received after retirement anywhere in IT return. Am I right sir? Plz guide.
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On 31 July 2022 at 17:55
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SEO Sai Gr. Hosp.
211715 Points Posted on 31 July 2022

Better to disclose in Schedule 'Exempt Income'...

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On 31 July 2022 at 18:20
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382 Points Posted on 31 July 2022
Thank you sir for the reply. Kindly guide PF amount received from EPFO will be considered under section Section 10(11) for Statutory Provident Fund or Section 10(12) for Recognized Provident Fund.?
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On 31 July 2022 at 22:57
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837 Points Posted on 01 August 2022
It would be exempt u/s 10(11) of the Act.
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On 01 August 2022 at 09:49


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