Withdrawal of my accumulated EPF Balances - will I be subjected to income tax? - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear All, I had a query with regard to my accumulated EPF balance withdrawal as detailed below:
A) Worked at IBM India from December 2007 to May 2011.
B) Worked at Tata Sky Ltd. from July 2011 to April 2012. Thereafter I have been working in companies where my Basic salary is more than the stipulated threshold of EPF contribution (i.e. beyond Rs 15 k p.m.) and hence not been a member of EPF since I left Tata Sky in April 2012.
I have yet not processed withdrawal of my EPF balances accumulated in the aforementioned two organizations, IBM and Tata Sky.
My question is,
I) if I process withdrawal of my accumulated EPF Balances now, will I be subjected to income tax on such withdrawals.
II) If yes, than at what rate. Here accumulated balances in both the companies are more than 5 years old. Request the experts / members to please provide a reply so that I will take a decision accordingly.

Kindly refer this link
There is a gap of two months between your two employments.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™