Hi
Request experts to put light on TDS on settlement of PF after resigning from an organisation.
I am working with a company, where they had their own Employee PF Trust which is different than state run Employee Provident funds and they do, deductions of EPF as well as VPF and allow interest as per the rates decided by govt. Recently, one of my colleague left the organisation and during his full & Final settlements, he received proceedings of PF after TDS.
As far as we know any proceedings received from Life Insurance & provident funds are free from Income tax..
Request for kind guidance on the subject matter and the rulings over this
Thanks in advance to all
Request experts to put light on TDS on settlement of PF after resigning from an organisation.
I am working with a company, where they had their own Employee PF Trust which is different than state run Employee Provident funds and they do, deductions of EPF as well as VPF and allow interest as per the rates decided by govt. Recently, one of my colleague left the organisation and during his full & Final settlements, he received proceedings of PF after TDS.
As far as we know any proceedings received from Life Insurance & provident funds are free from Income tax..
Request for kind guidance on the subject matter and the rulings over this
Thanks in advance to all