Provident fund

This query is : Resolved 

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..

18 November 2011 Time limit of 5 year will not applicable for PF.
No point for both taxable or exempt.

No metter if deduction was taken u/s80c



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries