Epf tax calculation
This query is : Open
05 March 2012
I had been with a company of less than 5 years and my epf amount has been withdrawn. I want to know how is tax calucated on EPF. For eg., the withdrawn amount has following components:
A - My contribution
B - Interest on my contribution
C - Company contribution
D - Interest on company contribution.
Will the tax be calculated on (A+B+C+D)? Also, is some kind of indexation applied over the years?
A - My contribution
B - Interest on my contribution
C - Company contribution
D - Interest on company contribution.
Will the tax be calculated on (A+B+C+D)? Also, is some kind of indexation applied over the years?
Guest
Guest
(Expert)
05 March 2012
If the amount is received from recognized PF then all the above amounts will be exempt from tax.
05 March 2012
It was a recognized PF. But I was told that if the service period is less than 5 years, withdrawn amount is taxed. I just want to know which all portions will be considered for taxation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
