When an employee makes premature withdrawal from employees' provident fund account, the requirement for tax deduction is attracted when the quantum of withdrawal exceeds —

CS Executive · Tax Laws and Practice · PYQS · December 2016
When an employee makes premature withdrawal from employees' provident fund account, the requirement for tax deduction is attracted when the quantum of withdrawal exceeds —
(A) ₹10,000
(B) ₹40,000
(C) ₹30,000
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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