TAX ON PROVIDEND FUND

This query is : Resolved

ROHIT (Querist)
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09 February 2010 HI, MY QUESTION IS THAT WHEN PF TAXABLE AT WHAT TIME DURING MATURITY OR IF SOME ONE BREACK BEFORE MATURITY PIL ADVISE SITUABLY WITH THE PROVISION OF TAXATION.

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
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11 February 2010 Only PF received from Unrecognised Provident Fund will be taxable.

All other PFs(RPF, SPF & PPF) amount will be exempt when that is receiving to the assessee.

Notes:
a) If amount getting from SPF before 5 years then it will be taxable.
b) Locking period in PPF is 15 years, therefore you cannot receive any amount before that period.

Please check INCOME FROM SALARIES for PF information purpose.

Sec 10(12) is applicable for PPF and sec 17(3) is for URPF.

regards!!!