Taxability of withdrawl of provident fund
This query is : Resolved
22 July 2014
Hi all
Is withdrawl of Provident fund by an employee after changing the job, taxable?
Ex: Mr X works for X Pvt ltd for 8 years and leaves the organisation on 22.07.2014.Immediately he applies for withdrawl of PF amount and receives Rs 225620 as PF in 50 days. So now what is taxability of the same?
Is withdrawl of Provident fund by an employee after changing the job, taxable?
Ex: Mr X works for X Pvt ltd for 8 years and leaves the organisation on 22.07.2014.Immediately he applies for withdrawl of PF amount and receives Rs 225620 as PF in 50 days. So now what is taxability of the same?
24 July 2014
it is not taxable...........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- USE THE BANK ACCOUNT OF WIFE
- If ITC not claimed is there any issue
- Commission from nepal
- Deemed rent on house property
- FILLING OF 26QB FOR ONE SELLER AND 2 BUYERS-ONE BUYER REGISTERED AND OTHER ONE NOT REGISTERED
- TDS on HSN code 998313
- How and when to deposit tds on house rent
- Profit From trading in MCX Taxable income Rate?
- Rental Agreement for Joint property holders
- REBATE UNDER SECTION 54 FOR SHORT TERM CAPITAL GAIN
- GST on transport services
- Event company queries
- List of Exampted Allowance or head of income for salaried employees after 2025 budget
- Can we transfer or claim refund of Input tax credit of deceased proprietary business
- Place of supply or billing addres which applicable for tax
- The recent CBIC clarification via Circular No. 231/25/2024-GST dated 10.09.2024 itc Allowed demo car
- Tax implications on withdrawal of EPF and NPS
- Misreporting of Input Credit of RCM as Normal ITC Year 20-21
- Relating to debt funds taxation
- Place of supply of advisory service
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
