Tag Archives: Provident Fund withdrawal taxability

Provident Fund withdrawal taxability if 5 years service not completed

Section 10(12 ) of Income tax Act 1961 Provident Fund withdrawal taxability Under section 10(12) of the Income-tax Act, 1961 (‘the Act’) total exemption from tax is allowable on the accumulated balance due and becoming payable to an employee participating in a recognised provident fund, to the extent provided in rule 8 of Part A of the Fourth Schedule to… Read More »