Annual interest computed on employee contribution in excess of Rs. 2.50/5.00 lacs is taxable only at the time of Accumulated balance is paid to employee (not on annual basis) and there is no need to deduct annual TDS on such Interest Amount.
source https://www.caclubindia.com/articles/taxability-of-interest-accrued-on-employee-contribution-to-recognized-fund-45724.asp
source https://www.caclubindia.com/articles/taxability-of-interest-accrued-on-employee-contribution-to-recognized-fund-45724.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback