Receipt of Provident Fund

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.
Replies (5)
Quick Summary
This discussion clarifies the tax implications of receiving a Provident Fund (PF) after retirement. It addresses whether the received amount needs to be disclosed in an income tax return and confirms that PF received from EPFO is generally exempt under Section 10(11) of the Income Tax Act for Statutory Provident Funds.

tax-on-provident-fund

pf-balance-withdrawal-incometax

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.

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

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.?
It would be exempt u/s 10(11) of the Act.

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