Tax Calculation on PF Withdrawal before maturity
This query is : Resolved
PARMANAND PRASAD
(Querist)
25 June 2024
My Salary is Rs. 4.5 lakhs,
TDS: Nil,
PF Withdrawal Amt. 5,00,740/- ( Int : 70,280, Contribution: 4,30,460_in which equal amt of empolyer & employee included for the perid from 2019-2023 < 5yrs)
TDS deducted on PF withdrawal under 192A : 10%, i.e. Rs. 50,074/-
How can calculate liability of Tax for the AY 2024-25?
Plz help...thanks with regards
TDS: Nil,
PF Withdrawal Amt. 5,00,740/- ( Int : 70,280, Contribution: 4,30,460_in which equal amt of empolyer & employee included for the perid from 2019-2023 < 5yrs)
TDS deducted on PF withdrawal under 192A : 10%, i.e. Rs. 50,074/-
How can calculate liability of Tax for the AY 2024-25?
Plz help...thanks with regards
CA R SEETHARAMAN
(Expert)
26 June 2024
Claim 89(1) relief for the PF premature withdrawal.
You can get back the TDS deducted as your salary is within taxable limit.
You can get back the TDS deducted as your salary is within taxable limit.
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