Dear Sir/ Madam,
One of my client has received EPF amount Rs 4,10,000/- for F.Y- 2015-16. I would like to know that is this amount taxable or is this income under the category of "Exempted Income". He has done 15 years service & company has been closed. If the amount is taxable, then how much would be the Tax... Kindly advise me...
Regards
Abhishek Bag..
From India, Calcutta
11One of my client has received EPF amount Rs 4,10,000/- for F.Y- 2015-16. I would like to know that is this amount taxable or is this income under the category of "Exempted Income". He has done 15 years service & company has been closed. If the amount is taxable, then how much would be the Tax... Kindly advise me...
Regards
Abhishek Bag..
From India, Calcutta
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Table showing tax treatment of provident funds.doc