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Direct Taxation

Agar RPF mein contribution by employer is 16 percent and interest pe bhi 13percent ka return hai on EmployeR k contribution extra contribution 4 percent of salary ka or interest pe 2.5 percent ka return pe current year mein taxable kar diya on accrual basis At the time of maturity lumpsum amt receive hogi woh exempt hogi na?

Addu Gill

CA Inter

★ 0

16-Mar-23 08:27

485

Answers (3)

Its exempt if its On retirement, due to : 1. ill health, 2. With instructions that balance in RPF should be transferred to a new employer 3. Due to shut down of employer’s business. or On retirement after 5 years of service

Sudha Reddy

CA Final

★ 20K+

16-Mar-23 10:47

Exempt hoga u/s10(12), agar employee ne 5 saal ka continuous period of employment complete Kiya (ek ya ek se jyada employer ke under)

dheeraj hembram

CA Inter

★ 240

19-Mar-23 08:50

5 saal wala condition nahi apply hoga agar:- a) ill health b) employer ka business band ho gaya c)ya phir koi aisa reason jo employee ke hath mai nahi hai

dheeraj hembram

CA Inter

★ 240

19-Mar-23 08:56

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