jitendersyadavContributing Member - Member Since: Sep 2008 Subject - PF Contribution
Dear All,
Is PF withdrwal is taxable ?
Is it only in Trust or in PF Deptt. Also.?
Plz let me know vt % deducted on withdrwal.
Rgds/Jitender
malikjsContributing Member - Member Since: Oct 2008 Subject - Re: PF Contribution
Dear Mr Yadav
in my view it does not make any difference whether u have withdrawn PF from trust or
from P F dept.if you withdraw PF it will be added in your income and u will pay income tax
as per calculation of income tax.P F dept does not deduct any TDS and they pay u in full.
however if are withdrawing PF on supernuation than it is not taxable .
tls
j s malik
pcaContributing Member - Member Since: Oct 2008 Subject - Re: PF Contribution
Dear friends,
Any payment from PF is fully exempt u/s 10(11) of IT Act, whether it is on superannuation or not.
Regards,
malikjsContributing Member - Member Since: Oct 2008 Subject - Re: PF Contribution
dear
if you draw Pf inbetween it is taxable but it is exempted from tax liablity when it is drawn on supernuation.
tks
j s malik
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