EPF Withdrwal

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If you've withdrawn from your EPF during the financial year 23-24, you generally need to declare this amount in your Income Tax Return (ITR). Premature withdrawals are often subject to tax. It's advisable to consult the provided rules or seek professional advice to understand your specific tax obligations.

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(Querist)
24 June 2024 I am salaried person & I have a withdrawal EPF during the fy 23-24. Please tell me do we have shown EPF withdrawal amount in ITR ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 June 2024 Yes & pay the liable tax, if any.
Refer: https://scripbox.com/saving-schemes/pf-withdrawal-rules/
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Gokul Sharma

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Gokul Sharma (Expert)
24 June 2024 YES PREMATURE WITHDRAWAL IS TAXABLE IN HAND OF INDIVIDUAL.
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