TAX TREATMENT FOR PROVIDENT FUND

S.N Particular o 1. Employees contribution 2 Employers contribution 3. 4. Interest on provident Fund Lump sum amount received on retirement SPF Deduction u/s 80c in full Fully exempted from tax Fully exempted from tax Not taxable RPF Deduction u/s 80c in full Employers contribution over 12% of employees salary-taxable Interest over 8.5% is Taxable (prior to 1.9.10 it 9.5%) Exempted in some case** URPF Deduction u/s 80c in full Not taxable PPF Deduction u/s 80c in full There will be no contribution Not taxable Not Taxable

Not taxable 1.Employears contribution and interest on it Taxable 2. Employees contribution Not Taxable 3. Interest on employees contribution Other sources

** 1.If he has rendered continuous services for a period of 5 years or more with his employers. If the assessee has rendered any previous service that service will also be included in the 5 years mentioned. 2. If the employee is not able to continue service because of ill-health or any other reason beyond the control of the employee. TRANSFERRED BALANCE OF PF The unrecognized fund will be treated as Recognized Fund From the day of its inception and exemption will be allowed in same manner. Only excess of amount transferred to RPF over exempted amount shall from taxable portion of transferred balance SPF Statutory Provident Fund URPF Unrecognized Provident Fund

RPF --Recognized Provident Fund PPF Public Provident Fund