Hi Everyone,
One of my friend changed his job. He worked for 3 and 1/2 years in his previous company.
He left his job in Nov 2015. His earlier employer deducted PF from his Salary on monthly basis.
My query is, Does the PF Amount for the period Apr to Nov 2015 is exempted from Income tax?
Or do i need to consider this as Taxable income?
Thanks