INTEREST RECEIVED ON PROVIDENT FUND CONTRIBUTION

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Hemkumar (Querist)
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15 September 2022 SIR WE HAVE RECEIVED INTEREST ON EMPLOYEES CONTRIBUTION AND EMPLOYERS CONTRIBUTION ON WITHDRAWAL FROM PROVIDENT FUND ACCOUNT, WHICH IS EXEMPTED UNDER WHICH SECTION ? TERM OF SERVICE IS 6 YRS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 September 2022 Section 10(11) and 10(12) of the Income Tax Act provides an exemption for the contribution made to provident fund and the interest thereon.

Hemkumar

Hemkumar (Querist)
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15 September 2022 SIR WE HAVE MADE WITHDRAWAL AND RECEIVED INTEREST ON WITHDRAWAL

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 September 2022 Such withdrawal exempt....