banner_ad

PF WITHDRAWAL ON RETIREMENT WITH LESS THAN 5 YEARS OF CONTINOUS SERVICE

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 October 2022 Facts:
1. Person aged 55 joins a job and enrolls in EPF for the first time April 2017
2. Employer and employee contribution continues for 3 years
3. The employee retires from the services of the company on attaining age of 58 in April 2020, after 3 years, as per company rules.
4. Employee does not withdraw PF till September 2022 (more than 5 years)
QUERY;
5. Will the person liable to pay income tax on PF withdrawal after being member for more than 5 years but he was in continuous service for only 3 years (less than 5 years)?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 October 2022 No income tax applicable in case retirement withdrawal for less than 5 years service.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details