Hi, I worked for a firm from June 2010 to September 2013. I have not withdrawn or transferred my PF balance. Will any interest earned on that money be taxable? Please help. Kind regards, Shourya
From United States
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From United States
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Not taxable.Withdraw the amount within Sept 2016,orelse you will lose interest thereafter. VArghese Mathew
From India, Thiruvananthapuram
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931From India, Thiruvananthapuram
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Interest on Provident Fund: Taxability and TDS
Interest on the amount that remains in the Provident Fund for a long period is not taxable, and consequently, it is not subject to any TDS. Secondly, the PF amount typically remains with the EPFO, and the EPFO does not deduct any TDS. Your query needs more details about the deduction as mentioned by you and the IT section under which TDS is deducted.
Regards.
From India, Gwalior
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Interest on the amount that remains in the Provident Fund for a long period is not taxable, and consequently, it is not subject to any TDS. Secondly, the PF amount typically remains with the EPFO, and the EPFO does not deduct any TDS. Your query needs more details about the deduction as mentioned by you and the IT section under which TDS is deducted.
Regards.
From India, Gwalior
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FREQUENTLY ASKED QUESTIONS ON PROVIDENT FUND & TDS.doc
EPFO circular regarding TDS on Payment of Provident Fund.pdf
Provident Fund interest Calculation Tool -97-03.xls