provident fund amount withdrawn after resigning after 5 years ....is it taxable ?
amount received 510000
Yes, non taxable, if minimum 5 years of continuous service.
3 Replies
Bhavika Tourani
(156 Points)
Replied 22 July 2022
Do we need to check whether it is recognized or unrecognized?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 22 July 2022
Yes, taxability for both differs. For unrecognized PF total amount withdrawn is taxable.
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