EPF Interest


This query is : Resolved 

Quick Summary
This discussion clarifies the taxability of interest earned on an Employees' Provident Fund (EPF) account. If you withdraw your EPF amount after completing at least 5 years of continuous service, the accumulated interest is generally considered tax-exempt. Therefore, you do not need to pay tax on this interest income.

(Querist)
13 February 2024 Dear Sir,

The accumulated interest on EPF account at the time of withdrawal of EPF amount after continuous 5 years service is Taxable or not ?? Please explain.

13 February 2024 It's not taxable after 5 years.

SUNNY SK (Querist)
13 February 2024 Is accrued Interest amount also exempted ?

13 February 2024 Yes it's exempted....
..


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