Is PF withdrawal taxable at normal rates or some special rates? Where and how it should be shown in ITR?
NANDAN ND
(20 Points)
Replied 19 December 2020
Lila
(Job)
(489 Points)
Replied 21 December 2020
I think only employer's contribution is to be shown as salary income. Remaining as income from other sources... Am I correct?
There is a row in Income from other sources - where incomes chargeable at special rates comes (Part 2). There is a specific place (2c) where Accumulated balance of PF taxable u/s 111 is to be given - what is that for? Do we need to show employee contribution and interest thereon under that?
Can someone please clarify?
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 23 December 2020
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