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Sanjeev Govila | Answer |Ask -Follow

Financial Planner - Answered on Feb 11, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Question by Subhash on Feb 11, 2023Hindi

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I recently retired.. and received Approx. Rs, 17 lacs from Provident Fund. What is my Tax Liability ?

Ans: You have not given out what PF are you referring to.
However, in general, any maturity amount of PPF and any Govt PF is tax free.
As far as EPFO is concerned, any withdrawal after five years of continuous service is tax-free.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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