19 May 2010
At the time of retirement an employee received total amount of provident fund which includes employer contribution amount,interest on employer contribution,employees contribution amount,interest on employees contribution i want to know the tax treatment of following this each 4 items how it is treated in income tax computation.
19 May 2010
I presume you are referring to statutory provident fund. Contributions of Employer as well as Employee and Interest thereon received at the time of superannuation is exempt
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