Taxability on Provident Fund Balance

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Kindly let me know whether pre-mature withdrawal (within 5 years of investment)from Provident fund is taxable?

If yes, then is employee as well as employer contribution (both) taxable?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
Follow

22 October 2010 what do u mean by premature withdrwal? If you are withdrawing from PF some amount as per the provision of PF act , whether the amount is refundable or non-refundable, it will not be taxable.