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PF WITHDRAWAL TAXABLE OR NOT IN BELOW CASE

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(Querist)
25 August 2020 One of my client worked in vodafone for 4 years 8 months then he joined HDFC bank.

he did not transfered his PF balance in new account of PF with HDFC

2 years after joining HDFC he withdrew whole PF balance with old employer.

10% TDS is deducted on the same.

is the same taxable?
can we consider it as withdrawal after 5 years and exempt it?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 August 2020 Yes, it's taxable as 5 years service not completed in Vodafone.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
31 August 2020 You can claim TDS Refund by filling ITR
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