How is interest accrued on PF taxed?1 min read . Updated: 09 May 2022, 06:03 AM IST
- As per the provisions of the Income-tax (I-T) Act 1961, the accumulated balance due and becoming payable to an employee participating in a recognized provident fund is exempt in the hands of the employee to the extent provided in rule 8 of Part A of the fourth schedule
My provident fund (PF) account is more than five years old and my contribution to the fund is less than ₹2.5 lakh per annum. If I have a gap of two years between two jobs, is the interest received in the PF account during that period taxable?
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