EFP TAXABILITY

Hi,

As per Section 192A, premature withdrawal of EPF within 5 years of service is liable to TDS @ 10% if it is in excess of Rs. 50,000/-.

However, If the individual falls under the taxable bracket, he has to offer such EPF withdrawal in his return of income as income from Salary and Slab rate taxability shall apply accordingly under normal provisions.

Refer the link below for better understanding:

https://www.caclubindia.com/forum/192a-330375.asp

Refer this link, your query will be solved-

https://www.planmoneytax.com/tax-on-epf-withdrawal-new-tds-rule-flowchart/