Hi Friends,
I need your expert advice on the following scenario where I’ve withdrawn my EPF amount after a long failed effort to get it transferred.
I worked in an organization from Oct 2008 to Jan 2010 and then moved to a new organization. After trying for two long years to transfer my EPF account, I finally decided to withdraw it and got it credited in my bank account on 7-May-12. It was credited as lump sum amount and I don’t have details of employee / employer contribution and interest received.
Now I am in a process to file my IT return for FY 12-13. I belong to 20% tax slab. Please help me with calculating the tax liability for this EPF amount.
Thanks & regards,
SB