Employers contribution to unrecognized provident fund
This query is : Resolved
05 November 2012
As we know in the case of an employee-
"Employers contribution to Unrecognized provident fund is not chargeable to tax at the time of contribution."
and
"When the employee finally receives the amount to the credit of the U-RPF at the time of retirement/superannuation it is taxable as salary"
Kindly mention the section/rule according to which employers contribution to U-RPF is given the above treatment
"Employers contribution to Unrecognized provident fund is not chargeable to tax at the time of contribution."
and
"When the employee finally receives the amount to the credit of the U-RPF at the time of retirement/superannuation it is taxable as salary"
Kindly mention the section/rule according to which employers contribution to U-RPF is given the above treatment
06 November 2012
Kindly rewrite your query, you said the non taxablity of contribution but the question will not arise of taxablity of expense. Taxablity aries of income not expenses.
06 November 2012
Sir I have modified the question - hope now the Q is clear. I am asking from the viewpoint of employee
06 November 2012
Salary Income will be taxable in normal head of salary in other receivable
Kindly visit on this link
http://www.itrust.in/content/tax-planning/Tax-Treatment-of-Provident-Fund
Kindly visit on this link
http://www.itrust.in/content/tax-planning/Tax-Treatment-of-Provident-Fund
26 November 2012
thank you sir, but Im already aware of the tax treatment - I just wanted to know which section or provision or rules require this treatment
10 August 2023
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