30 May 2011
If an employee left the company after 2 yrs and withdraws the PF amount.(considering contribution @ 12% by employee and employer) details as follow
Employee cont - Rs. 80868 Int on Employee cont - Rs. 810
Employer cont - Rs. 80868 Int on Employer cont - Rs. 810
Now what will be the taxable amount in the hands of employee and under what head.
30 May 2011
IF U ARE TALKING ABT STATUITORY PF THEN NOTHING IS TAXABLE IF IT IS RECOGNISED PF THEN TAXABILITY WILL BE DETERMINED IN TERMS OF RULES 8 AND 9 OF PART A OF FOURTH SCHEDULE TO THE ACT
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