How much tax will be levied on PF
This query is : Open
29 April 2010
Hi,
I want to know that how much tax will be levied on my PF amount if I decide to withdraw it before 5 continuous years of service.
Let's say I have Rs. 20,000 in my PF account.
I want to know that how much tax will be levied on my PF amount if I decide to withdraw it before 5 continuous years of service.
Let's say I have Rs. 20,000 in my PF account.
29 April 2010
if u have govt employee - fully exempt
if u have pvt employee- only interest+ employer contribution received are taxable.
if u have pvt employee- only interest+ employer contribution received are taxable.
29 April 2010
ok... thanks for the quick response... but how much tax will be levied on it....??? like 10%, 20%, or 30%....???
29 April 2010
No specfic rate. the amount will be included in your Taxable income and based on applicability tax slab to you will taxed accordingly
30 April 2010
ok... great. thanks.
But will EPFO deduct the tax (as TDS) and pay me the remaining amount..?? if yes, then how would they come to know my current salary and related tax slab...??
But will EPFO deduct the tax (as TDS) and pay me the remaining amount..?? if yes, then how would they come to know my current salary and related tax slab...??
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
