PF WITHDRAWAL

Tax queries 1249 views 12 replies

Dear all,

 

Please tell me PF withdrawal is taxable or exempted...

One of My friend, withdraw his total PF . is it taxable or not.
 

Replies (12)

sir pls tell whether the payment is covered by EPF ACT 1912 or  its recognised pf or unrecognised pf

Yes it is covered under EPF Act, and employee has 7 years service in public limited company..
 

 it is not taxable.

withdrawal of PF is not taxable.

it is exempted fully

it is exempted 

Exempt u/s 10(12) read with part 8 of Schedule IV if covered by EPF Act, 1952

I am also agree it is not taxable 

Exempt u/s 10(12)of the income tax act.

 

Regards,

manoj

Originally posted by : sachin

it is exempted fully

It is  not taxable if the Member  is  continuously  been a member of   the Recognised PF fund for a min period of 5 yrs.

 

Thank you all
 


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