Hi All, I am sure following website will be very useful to this community. Employees Provident Fund - FAQs
From India, Rajkot
25From India, Rajkot
Hi, Thanks for putting useful information on this forum. I have a query and need help to understand it - I worked for a company for 6 years and contributed to EPF every month. While leaving the job, I applied for withdrawal of PF. After 3 months, I saw 2 amounts credited to my account - one was small amount and one big amount. My company's accountant told me that these are from Family Pension Fund and Provident Fund. He told me that since I have contributed more than 5 years in EPF, I need not pay any tax on EPF withdrawal, but I will have to pay tax on family pension fund amount (the small amount). Now, my problem is that the PF department didn't send any letter or any information on the basis on which it calculated the balance in my account, whether it has deducted tax on it or not. So, I need help to know - 1) If the family pension fund amount that I have received from EPF org, is liable for taxation? 2) Whether the EPF org would have already deducted tax on it? Thanks in advance for your assistance. --satish
From India, Bangalore
From India, Bangalore
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Provident Fund FAQs May 2020.pdf
Provident fund.zip
PROVIDENT FUND.rar