pocky2024
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RE: UK Tax on Indian Provident Fund
Dear Admin, For my case given below , could you please help with tax implications . I came to UK on 2022 on deputation from an Indian company and then left the company and joined local UK company on 2023. Accordingly, my previous indian company has given the indian provident fund as lump sum settlement to my indian bank account on Feb 2024. Now ,while submitting UK tax for 2023/2024 , do I have to declare the whole amount as foreign income or only the interest earned during 2023-2024 needs to be declared , given I want to transfer total amount of money to UK account as soon as possible.