Obama: Social Security Checks Will Stop When Debt Ceiling Is Reached. WASHINGTON -- President Barack Obama said Thursday that while it's bad members of Congress have allowed a government shutdown, it would be worse if they failed to increase the government's borrowing authority later this month.
Respite Care. Respite Care is short term care, usually only a few days at a time, provided for children who have significant needs. These may include developmental delays, mental health or behavioral issues, and special health care needs. Respite Care provides a needed break to parents and care givers. Payment for Respite Care is considered taxable income.
As the total period of service is less than five years, withdrawal of accumulated PF balance shall be taxable in the financial year (FY) of withdrawal. Merely holding the PF balance for more than five years will not absolve the tax implications. The aggregate of employerâs contribution to PF and interest earned on it is taxable as salary. To the extent of the deduction claimed under section 80C on your contribution, it shall be taxed as salary. Also, the interest earned on your contribution shall be taxed as âincome from other sourcesâ.