Provident Fund Withdrawal

Tax queries 4474 views 3 replies

Can anyone please tell me how to calculate tax in the following scenario:

I left a company after working for 2 years and decided to withdraw amount from my PF. I received around INR 1.49 lakhs (total 2.15 lakhs less TDS @ 30% i.e INR 0.66 lakhs). I don't have the bifurcation of total amount of INR 2.15 lakhs. How shall I calculate my tax liability since the total amount included mine as well employer's contribution (employer's contribution already taxed). I thought of adding deductions on account of PF I have claimed u/s 80C in previous years and taking it as my income and calculate tax accordingly.

Replies (3)

 PF withdrawn before 5 years of completion of service is fully taxable in the year in which it is withdrawn.

I think your company has taken that into account before making deduction of tax at source.

Please ask your company for Form 16 .

Then it would be really clear for you.

Isn't it that in case of PF withdrawal before 5 years of service, only employee's contribution is taxable as the same has been claimed as deduction u/s 80C earlier?

wel i thnk it will b fully taxable 2 u in the p.y. in which u leave d service , so u dnt need ne bifurcation as such..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details