16 February 2011
One of my client have just withdrawn his PF... from one of his previous employer st where he has worked for 7.6 yrs ( Dec99 to June'2007)
Got the payment of around 4 lakhs . just wanted to check ..will this amount be taxable ? if yes then how much if no then what are the condition /clause where PF is exempted from taxes
Is this exemption available for PF withdraw only once in lifetime with tax ?
Is partial payment/ full payment while retiring is exemptable from tax .....
CAclubindia
