Accumulated amount received from pf account

39 views 1 replies

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 ?

Replies (1)

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register