TAX ON PROVIDENT FUND RECIVED AFTER RESIGNATION
This query is : Resolved
02 July 2024
My client received Provident fund after the resignation of job from private sector company. he resigns the job after the 28 years of service. He received Rs 20 lack Provident fund from EPFO .
can he liable to pay tax on PF received?
If yes , then how much is PF is taxable or exempt from tax .
thanks in advance for your valuable suggestion
can he liable to pay tax on PF received?
If yes , then how much is PF is taxable or exempt from tax .
thanks in advance for your valuable suggestion
02 July 2024
The entire Rs 20 lacs is exempt from tax.
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