SALARIES
santhosh
(Querist) 05 September 2010
This query is : Resolved
if employee contributed any amount to unrecognised provident fund then in which head it is taxable.
B.R. BHALLA, ADVOCATE
(Expert) 05 September 2010
Investment by itself is not taxable even if made to an unrecognized PF. It would not be eligible for deduction u/s 80-C like other savings. The interest accrued thereon would be taxable as "Income from other sources". Please take the income year to year on accrual basis.