A person received accumulated amount from pf and TDS is also reflected in 26as,then what such amount is taxable or not under INCOME TAX ?
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Accumulated amount received from pf account
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Reporting in Income Tax Return (ITR)
-
If taxable: Show in the Salary schedule and “Other Sources” as applicable.
-
If exempt: Report under Exempt Income for disclosure; claim TDS refund if deducted.
| Condition | Taxability | TDS in 26AS |
|---|---|---|
| 5+ years service or eligible exemption | Not taxable | Refund can be claimed |
| Less than 5 years of service | Taxable as per components | Adjust and pay/carry refund |
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