Provident Fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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
In my opinion, All the amount are exempted from income tax.
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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