Refund of provident fund of government employees

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 1.A government employee after retirement received a provident fund. Whether it is taxable and if not what will be the treatment.

2. Same above employee has received insurance from the government side. whether it is taxable

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

20 March 2014 1. PF amount received after retirement by the government employee is exempted

2. LIC premium by employer is taxable in the hands of employee