WITHDRAWL OF MONEY FROM PROVIDENT FUND IS TAXABLE OR NOT?

Withdrawal of money from any PF which is contributed by the employee is not taxable in any case

but if the fund include the part of employer contribution then it will taxable if the PF is a URPF.

if it is a RFP then only the interest part of employer contbn  on PF is taxable in income from other sources.

This provission has not been changed in the current budget

Hi,

I would like to add something here ,actually the interest on the portion contributed by employer  is taxable only if it exceeds 12 %p.a.. And only the excess portion is taxable.

Ya you are right Mam