Taxability of profit on PF Fund & Employer Contrib

[Irfan01best]

Dear!
my employer is maintaining a PF Fund, in which it contributes an amount equal to the contribution of employee (On Monthly Basis) and profit is paid on entire balance yearly (Profit Till Jun-10 was paid in Aug-2010). I want to Know that whether such contributions of employer & Profit on PF is taxable or are there any exemption[?]


Regards

[student_of_law]

Please read this post

http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=25531&SearchTerms=provident,fund

It may answer some of your queries. If you have further questions you may post them there also. By doing this we all may have all the information on one topic under single thread.