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income tax on PF withdrawal before 5 yrs

This query is : Resolved 

15 August 2016 Dear Sir, One of my client, salaried employee, has withdrawn pf before 5 yrs and is taxable as rule 8 conditions not satisfied. Now there is tds of 10% deducted u s 192A, However his income is in 30% slab so is he required to pay remaining 20 %. This doubt arises as taxable amt is only employers contribution and interest. Also the person responsible for deduction of tax is required to deduct the tax applicable under rule 8 Kindly resolve the amount of tax to be paid by employee

15 August 2016 The income will be chargeable as Salary and tax has to be paid on the total income as computed after allowing for all deductions as applicable.


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