Epf

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shuchi

shuchi (Querist)
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05 January 2016 I wanted to know Taxablity of EPF.
I have EPF account From Aug-11 I wanted To withdraw. amount

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 Dear Suchi
Taxable in the year of withdrawn if withdrawn before the subscription period of 5years.
Hence in you case taxable as withdrawn before completion of 5 years.

shuchi

shuchi (Querist)
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05 January 2016 5 years Of employment or 5 Years of Pf Account

shuchi

shuchi (Querist)
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05 January 2016 5 years Of employment or 5 Years of Pf Account

shuchi

shuchi (Querist)
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05 January 2016 I have doubt About 5 year Period . can you please define 5 year of employment or 5 year of PF Account

shuchi

shuchi (Querist)
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05 January 2016 I have doubt About 5 year Period . can you please define 5 year of employment or 5 year of PF Account

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 Dear Suchi
1. Provident fund withdrawals before five years of completion of service will attract tax deducted at source (TDS) at 10 per cent.
2. If the accumulated provident fund balance is less than Rs 30,000, TDS would not be applicable.

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 Dear Suchi
Hope you got the answer to your query.

shuchi

shuchi (Querist)
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05 January 2016 So, if i withdraw after one year than also it is taxable

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 Yes it will be taxable.

shuchi

shuchi (Querist)
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05 January 2016 Thanks A Lot Mr Ankur

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