EPF


This query is : Resolved 

Quick Summary
This discussion clarifies the taxability of Employees' Provident Fund (EPF) withdrawals. Generally, EPF withdrawals made after five years of continuous service are considered tax-free income. Even if Tax Deducted at Source (TDS) has been applied due to the amount exceeding Rs. 100,000, the withdrawal remains tax-free under the relevant sections. If TDS was deducted on a withdrawal made before five years of service, it should be shown under the 'salary' head in ITR 1.

21 December 2020 Dear Sir,

One of my client had withdrawn their EPF after continue service 5 years
1. Form 10C-Withdrawl Benefit/Scheme Certificate
2. Form 19-Resign- ( TDS deducted as amount of is more then Rs.100000/-)

Now my query is it taxable or Tax Free Income, if it taxable where to show in ITR 1 & It is not taxable even if they deduct TDS on the same, it is taxfree Income under which section.

Sir, please revert I have file her Income tax return.
Kindly help Me

21 December 2020 Dear Sir, One of my client had withdrawn their EPF after continue service 5 years 1. Form 10C-Withdrawl Benefit/Scheme Certificate 2. Form 19-Resign- ( TDS deducted as amount of is more then Rs.100000/-) Now my query is it taxable or Tax Free Income, if it taxable where to show in ITR 1 & It is not taxable even if they deduct TDS on the same, it is taxfree Income under which section. Sir, please revert I have file her Income tax return. Kindly help Me


21 December 2020 It's not taxable, withdrawal after 5 years of service. No TDS applicable on it.

25 December 2020 Sir, EPF withdrawal is before 5 years and TDS deducted under section 192A
Now Under which head i have to show this income in ITR 1 form

Sir please revert

26 December 2020 Show it under salary head.


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