13 January 2010
Agreed... This will be taxable under the head of Income from Salary because you received this amount because of your working period with your employer, it does not matter whether you are working or not.
PROVIDENT FUND will be taxable under the head of Income from Salary because you received this amount and you working period between you and your employer not effect. FORM OF PF IS BELOW:-
Form-19 : To claim final settlement of Provident Fund by a member.
Form-20 : To claim Provident Fund by nominee/legal heir on death of the member.
Form-10-D : To claim pension. (In duplicate : If within state, In triplicate : If outside state.)
Form-10-C : To claim withdrawal benefit/scheme certificate under Employees' Pension Scheme '95.
Form-5IF : To claim assurance benefit under Employees' Deposit Linked Insurance '76 by nominee/legal heir of a member.
Form-31 : To claim temporary withdrawal/advance under Employees' Provident Fund scheme '52.
Form-13 : To effect transfer of Provident Fund/Pension from one A/C to another.
PROVIDENT FUND will be taxable under the head of Income from Salary because you received this amount and you working period between you and your employer not effect.
time limit:-
The claims received complete in all respects are disposed off within a maximum period of 30 days from the date of receipt of claims in the office. In case the member is not hearing anything about his application within 30 days, he can approach the Public Relation Officer.
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