Hi, i had small doubt. Is PF amount Taxable? how do i calculate the PF amount i am working for the last 3 years and my monthly deduction against PF is 720/- Thanks & regards Anjani
From India, Hyderabad
From India, Hyderabad
Dear Anjani,
PF withdrawal is not taxable only if a person has been in continuos service for 5 years. In your case if you have had PF balance from your previous employer then such balance should have been transferred from your previous employer to your current employer and the period of service of both employers would need to be aggregated to check if you have completed 5 years of continuous service.
whose pf you have to calculate?
Regards,
Mahesh
From India, Surat
15PF withdrawal is not taxable only if a person has been in continuos service for 5 years. In your case if you have had PF balance from your previous employer then such balance should have been transferred from your previous employer to your current employer and the period of service of both employers would need to be aggregated to check if you have completed 5 years of continuous service.
whose pf you have to calculate?
Regards,
Mahesh
From India, Surat
Hi,
I have a PF amount of RS 46000/- and pension amount is RS 20000/- and the total is Rs 66000/-.
And now I'm trying to update the pancard, but it's not taking stating that pan card name does not match with the income tax department...
Now if I with the amount without pan card, will I get the total 66000/- OR 34.66% will be deducted.
Can you please give me a clearfication on the same.
From India, Mumbai
I have a PF amount of RS 46000/- and pension amount is RS 20000/- and the total is Rs 66000/-.
And now I'm trying to update the pancard, but it's not taking stating that pan card name does not match with the income tax department...
Now if I with the amount without pan card, will I get the total 66000/- OR 34.66% will be deducted.
Can you please give me a clearfication on the same.
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls