2006-10-25 23:49:01 · 6 answers · asked by Hulas K 1 in Business & Finance ➔ Taxes ➔ India
No tax. I have withdrawn more than one lakh last year. My C.A said no tax on it. I have filed my returns also for last year showing the withdrawal and not paid any tax.
2006-10-26 00:30:20 · answer #1 · answered by Anonymous · 5⤊ 0⤋
No tax is payable on PF withdrawal.But there is a proposal to tax withdrawals and it can be made taxable in future; may be after next years budget.However, it is also felt that the amount already deposited in PF should not be made taxable and only amounts deposited after a cut off date should be made taxable.
2006-10-26 07:38:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No. Currently it is exempt from Income Tax.
2006-10-26 07:12:16 · answer #3 · answered by Andy 3 · 0⤊ 0⤋
No tax is applicable as on today.
2006-10-27 05:18:08 · answer #4 · answered by seybiomed 2 · 0⤊ 0⤋
No. Fully exempted.
2006-10-26 12:23:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
NO
2006-10-26 06:53:45 · answer #6 · answered by thinkpose 5 · 0⤊ 0⤋