Tax implications on pf withdraw before completion of 5 years
This query is : Resolved
20 June 2017
Dear Sir / Madam, In FY 2016-17 I have withdrawl my PF from previous organization before completion of 5 years continue services. Total PF amount is 139543 (including TDS & Interest on EPF) but PF department deduct TDS @ 10% only on Rs.97069. My question is in that scenarios, Is I have to show the PF withdrawl in my return under head "Income from other sources" or how much amount need to show in return. Full PF amount 139543 or amount of Rs.97069 on which PF deptt deducted the TDS.
20 June 2017
If you confirm the difference amount is PF deducted from your salary during the year then you need to add only Rs.97069 under salary and interest under income from other sources.
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