Dear Sir/Madam,
One of my clients has received EPF amount of Rs 4,10,000 for the financial year 2015-16. I would like to know if this amount is taxable or classified as "Exempted Income." He has completed 15 years of service, and the company has been closed. If the amount is taxable, could you please advise on the applicable tax amount?
Kindly advise me.
Regards,
Abhishek Bag
From India, Calcutta
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11One of my clients has received EPF amount of Rs 4,10,000 for the financial year 2015-16. I would like to know if this amount is taxable or classified as "Exempted Income." He has completed 15 years of service, and the company has been closed. If the amount is taxable, could you please advise on the applicable tax amount?
Kindly advise me.
Regards,
Abhishek Bag
From India, Calcutta
Acknowledge(0)Amend(0)
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Taxable Income.doc
EPF-Intreset & Damage-Amount.x lsx