28 March 2013
My client has received provident fund amount after leaving the job from the employer.The employer has deducted TDS on the PF Receipts.Is this amount taxable or should the same be shown under Exempted Income.
28 March 2013
PF reciept is exempted to some extend employer contribution is exempt till 12% and interest is exempt till notified rate after this it is taxable.
CAclubindia
