3
Checked with someone else, apparently, the taxation rule is as below
(disclaimer - this is from someone else, checked aslo on google, but not from personal knowledge)
for withdrawal of the amount in less than 5 years from opening the account,
1. On own contribution to PF, no income tax
2. Interest on own contribution to PF : taxable as income from other sources
3. employers contribution : taxable as salary
(logically, then, interest on employers contribution also should be taxable as income from other sources)
From India, Mumbai
(disclaimer - this is from someone else, checked aslo on google, but not from personal knowledge)
for withdrawal of the amount in less than 5 years from opening the account,
1. On own contribution to PF, no income tax
2. Interest on own contribution to PF : taxable as income from other sources
3. employers contribution : taxable as salary
(logically, then, interest on employers contribution also should be taxable as income from other sources)
From India, Mumbai
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc