18 November 2011
Please suggest Respected experts:-
let example of one month just to ease calculations
Contribution to RPF
Employee salary;- 6500/- per month Employee Cont to pf :- 780 Employer Cont to pf :- 239 Employer Cont to Pension Scheme:- 541 Interst on employee contribution for year:- 66 Interest on employer contribution for year :- 20
above data for financial year 2009-10. he claimed Rs 780/- under section 80C also.
now he withdrawal amount before completeing 5 year of service. 1)which amount will be taxable 2)which will be exempt 3)under which head it will be taxable 4)and what about 80C already claimed
i have taken data of one month just to ease calcualtion..