Need clarity in PF claim on retirement .
PF claim on retirement is taxable? Is PF annual interest is taxable on retirement?
Ex: If person X continuing working after 58 years and PF contributing by both Employee & Employer is attract any tax on PF interest and final settlement.
From India, Bulandshahr
Employer contribution upto 12% is tax free
Employee contribution upto 150000 is tax free
After 5 years of continuous service, amount and interest is tax free.
PF interest is not taxable.
From India, Pune
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