TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Provident Fund Payments: Tax Exemptions and Conditions Under Sections 10(11), 10(12), 10(12A), and 10(12B) Explained</h1> Payments from Statutory Provident Fund (SPF), Public Provident Fund (PPF), and Recognized Provident Fund (RPF) are generally exempt from tax under sections 10(11) and 10(12) of the Income Tax Act, subject to conditions like continuous service of five years. Employer contributions to RPF exceeding 12% of salary or Rs. 7,50,000 are taxable. Employee contributions are eligible for deductions under section 80C, except for Unrecognized Provident Funds (URPF). Interest on contributions above certain limits is taxable. Payments from the National Pension System Trust are partially exempt under sections 10(12A) and 10(12B).
TaxTMI 
TaxTMI 
