Hi,
Can anyone tell me whether the PF withdrawn before completion of 5 years of service is taxable? What does the act say regarding the taxation on withdrawal? An insight into this would help.
Regards,
Parul Parmar
From India, Mumbai
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Can anyone tell me whether the PF withdrawn before completion of 5 years of service is taxable? What does the act say regarding the taxation on withdrawal? An insight into this would help.
Regards,
Parul Parmar
From India, Mumbai
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dear PF withdrawl at any time is taxable except at the time of supernuation.i would like to know more comments from cite HR. tks j s malik
From India, Delhi
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174From India, Delhi
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Hi Parul,
If your PF account is maintained by EPFO, under any circumstances PF withdrawal is not taxable.
If your PF account is maintained by a PF trust, then it depends on trust rules.
Please check with your organization before you apply for PF withdrawal.
Thanks and regards,
Sunitha.
From India, Madras
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If your PF account is maintained by EPFO, under any circumstances PF withdrawal is not taxable.
If your PF account is maintained by a PF trust, then it depends on trust rules.
Please check with your organization before you apply for PF withdrawal.
Thanks and regards,
Sunitha.
From India, Madras
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
PENALTIES UNDER INCOME TAX ACT.docx