Pf withdrawal-taxability

Hi Karthik,

The same should be shown under head salary

Thank you sir for your kind response but as of my knowledge the same shall be consisting of 3 components viz.

1.Employer's contribution-taxable as "profits in lieu of salary"

2.Employees contribution will now be taxable i.e.,deduction received  previously will now be taxable.

3.Interest component should be shown under the head "Income from other sources"

Am I right??Please guide me

You are right. Employer's contribution and interest thereon is taxable under salary. Interest on employee's contribution is taxable under IFOS and employee's contribution is not taxable.

Thank you madam for your kind response.