In the context of a person employed in a private company, both employer and employee contribute to EPF under EPFO. Two questions in relation to how EPF Interest on employee contributions exceeding 2.5L has to be shown (said person has not made any withdrawls and continues to be employed with the same employer - so this is just accruing in his EPF account):
- Does this need to be shown every year in the ITR (as opposed to only at the time of withdrawl/transfer/termination)
- In the ITR, Income from Other Sources has several options for showing this interest, which section should this be shown in Section 10(11) or 10(12). I believe it should 10(12) Privsio 1 is this correct?