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At the time of PF withdrawal of our client. EPF department deducted tax of rs. 25104 on 72539 1)query is that this 72539 lac receipt taxable or not? 2) if taxable then which head of income become?
PF withdrawal
Replies (1)
Yes the amount is taxable as it is excess of 50000 rupees and tds is deducted @ 10% and it should be shown under income from salaries
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