PF WITHDRAWAL TAXABLE OR NOT IN BELOW CASE
This query is : Open
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?
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?
25 August 2020
Yes, it's taxable as 5 years service not completed in Vodafone.
Message likes :
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31 August 2020
You can claim TDS Refund by filling ITR
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