Employee PF withdrawal in ITR

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If an employee withdraws their EPF balance in one financial year after leaving service in a previous one, and has only interest income, they should declare the EPF withdrawal under Schedule Exempt Income, Section 10(11). Interest from a savings account is reported under 'Income from Other Sources'. Check Form 26AS/AIS for TDS details and include them in the Schedule TDS. EPF received after 5 years of service is not taxable, but requires disclosure in the ITR.

TRIBHUVAN PUROHIT

TRIBHUVAN PUROHIT (Querist)
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11 September 2025 Dear Sir
Our earlier employee left service in FY 2023-24 & received his EPF balance in FY 2024-25
he left his service after 10 continuous employment years
TDS was also deducted

During FY 2024-25 he only have interest income from sb account and this EPF receipt
How to show the same in ITR

Please reply

Regards

Tribhuvan

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 September 2025 Declare the EPF withdrawal amount under Schedule Exempt Income, Section 10(11).
Show savings account interest under “Income from Other Sources”—
Check Form 26AS/AIS for any TDS details; enter these in Schedule TDS of the return.
No tax is payable on EPF received after 5 years of service; only disclosure in ITR is required.
Interest income from the savings bank account should be reported as “Income from Other Sources”. TDS refund may be claimed if deducted erroneously.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 September 2025 Good Luck...

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