answersLogoWhite

0


Best Answer

If withdrawn before 5 years it is taxable else it is not taxable

User Avatar

Wiki User

10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

10y ago

If you withdraw before completing 5 years - Yes

If you withdraw after completing 5 years - No

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

Yes - If you withdraw the amount fully before completing 5 years of service

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is provident fund amount taxable on withdrawal?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is provident fund taxable on behalf of company?

No


Is the Employees' Provident Fund pension received after retirement taxable?

No, it is not taxable


Is the withdrawal from the provident fund is the responsibility of an employer?

No


Is the Principal and the interest amount withdrawn after the closure of Public Provident Fund Account on maturity is taxable?

If you withdraw before completing 5 years of service - Yes, it is taxable. If you have completed 5 full years, no it is not taxable


What is the effect of contribution unrecognised provident fund in pgbp?

Under the PGBP the amount will not be allowed as business expenditure hence will be added back. Thus the amount will be treated as Income and taxable.


You want to withdraw your provident fund how should you do?

You can submit a written request for withdrawal to your employee or your regional provident fund office. Remember: You can withdraw only a portion of your PF balance if you are employed. Only if you are currently not employed, the PF amount would be settled in full.


Rajasthan state insurance and general provident fund withdrawal rules?

The withdrawal rules for provident fund are the same across India. Refer to the related links for details on each of the rules


What is the iterest rate of provident fund amount?

It is 8.5% compounded yearly


You have received a cheque for your provident fund settlement and as per your calculation the amount you received is very less How can you check whether what you received is correct or not?

there is a provident fund office where you can go and enquire about it


You submitted withdrwal of provident fund how many days it will take to get the money?

If it is not a full withdrawal - 30 days Full withdrawal at retirement - 30 days Full withdrawal before retirement - 90 days


When was Central Provident Fund created?

Central Provident Fund was created in 1955.


What is the interest rate on unrecognized provident fund?

There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year