Is Income tax applicable on PF withdrawal amount after working in same company for 5 yrs ?

POSTED BY Mahendrrat ON August 27, 2014 1:03 pm ONE COMMENT

Hi,

Is income tax applicable on PF withdrawal ..?

I have been working with current employer for more than 7 years. As per my knowledge if your are employee with same company for more that 5 years then income tax is not applicable. Please confirm.

If my understanding is correct then please guide me under which  section I should highlight this income while submitting income tax returns to avoid.

Also please confirm the same for Gratuity amount too.

Thanks in advance.

Mahendrra.

One reply on this article “Is Income tax applicable on PF withdrawal amount after working in same company for 5 yrs ?”

  1. Mahendrrat says:

    Hi, Please help/advise on this.

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