When PF is Taxable?
When PF is withdrawn after completion of continuous service of 5 years – In this case, it is not taxable.
When PF is withdrawn before completion of continuous service of 5 years – In this case, PF is taxable except in the condition when it is withdrawn due to reason beyond one’s control (ill health or discontinuance of employer’s business).
Must Read : Some facts about EPF
: EPF Facts 1 – Nomination and Insurance Facility
: EPF Facts 2 – Pension by EPFO
: EPF Facts 3 – No interest on EPS (Employee Pension Scheme)
:EPF Facts 4 – VPF (Voluntary Provident Fund)