Query Regarding Tax Treatment Of EPF Amount Received

abhishek673
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..
Glidor
under section 10(11) all the sum received from provident fund is exempt from income tax
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute