EPF withdrawal amount is Taxable ?

POSTED BY Rama ON May 28, 2012 11:45 am COMMENTS (5)

I had withdrawn my EPF fund,

does this amount to be shown as income in IT Returns.?
is this amount is tax free or taxable. ?
if taxable all Employer contribution / Employee contribution/ interest are taxable or any exemption.
Please help me..

Thanks,
Rama

5 replies on this article “EPF withdrawal amount is Taxable ?”

  1. Dear Rama, after how many years of service you redeemed that PF amount?

    Thanks

    Ashal

    1. Ramanjaneyulu says:

      Hi ashal,

      service duration is Jun-2009 to Jan-2011 ,
      withdrawn amount came to my account in MAR-2012,

      and i have one more account which is Nov-2007 to May-2009 , but it is not yet credited .

      Please help in tax details of EPF.

      Thanks in advance..
      Rama

      1. Dear Rama, sorry to say but the amount is taxable. Be it the received one or the one that you ‘ll receive in near future.

        Thanks

        Ashal

        1. Ramanjaneyulu says:

          Hi Ashal, Thanks for you reply.

          is there any time limit for EPF tax exemption. ?

          Thanks,
          Rama

          1. Dear Rama, 5Y service is required to claim tax free PF withdrawl.

            Thanks

            Ashal

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