EPF tax

POSTED BY Anuj Singh ON December 4, 2012 6:17 pm ONE COMMENT

Hi,

I joined a company on 15th May 2007. My PF account was opened in June 2007.

I left this organization in April 2010 and my last PF contribution was made in the same month. Now I have withdrawn the amount in December 2012. Will the amount withdrawn be taxable?

 

One reply on this article “EPF tax”

  1. Free Financial Calculators says:
    December 5, 2012 at 7:02 am

    It is taxable. You should have worked there for 5 continuous years before withdrawal.

    employers contribution + interest is taxed as salary
    interest on employee cont is taxed as other income
    employee cont is tax exempt only if not claimed as deduction earlier!

    Reply

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