https://www.taxtmi.com/article/detailed?id=11396 Contributions and accumulated balances in a Recognized Provident Fund and provident funds under the Provident Funds Act are generally exempt when paid to the employee, but interest on a Taxable Contribution account and employer contributions or accretions attributable to excess employer contribution are taxable in the hands of the employee as salary or perquisite. Payments from approved superannuation and gratuity funds qualify for specific exemptions on death, retirement, commutation or refund of contributions, while trusts holding such funds are exempt from tax on income received by trustees and ordinarily need not file returns or attract TDS on that exempt income. en-us Sat, 13 May 2023 11:43:13 +0530 Sat, 13 May 2023 11:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11396 Contributions and accumulated balances in a Recognized Provident Fund and provident funds under the Provident Funds Act are generally exempt when paid to the employee, but interest on a Taxable Contribution account and employer contributions or accretions attributable to excess employer contribution are taxable in the hands of the employee as salary or perquisite. Payments from approved superannuation and gratuity funds qualify for specific exemptions on death, retirement, commutation or refund of contributions, while trusts holding such funds are exempt from tax on income received by trustees and ordinarily need not file returns or attract TDS on that exempt income. Articles Income Tax Sat, 13 May 2023 11:43:13 +0530 https://www.taxtmi.com/article/detailed?id=11396