POSTED BY December 17, 2013 12:11 pm ONE COMMENT
ONHi
I had applied for EPF withdrawal and received the same in Dec 2013. Period of Employment with Organisation A – Aug 2005 to Feb 2008. Period of Employment with Organisation B – Feb 2008 to Dec 2011.
I had transferred the EPF of Organisation A to Organisation B and the same has been done also by EPFO.
Now Total Continuous Service in both the Organisation is 6 Years 4 months till dec 2011 and now in October 2013 I had applied for EPF withdrawal and received the amount in December 2013.
Kindly Suggest whether any tax liability accrues on me.
regards
Ashish Sharma
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Dear Ashish, the amount is taxfree as total service period is more than 5Y.
thanks
Ashal