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Exemption for Amount Received from Provident Fund A/c

Applicable Provisions The amount received from the ‘Statutory Provident Fund’ are Exempted under section 10(11) of the Income Tax Act. The amount received from ‘Recognized Provident Fund’ is Exempted under section 10(11) of the Income Tax Act. In this article, we will explain the brief provisions of both the section of the Income-tax Act. Introduction

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