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EPF withdrawal before 5 year of continuous service.

Others 433 views 6 replies
relief and used form for filing of with itr ?
Replies (6)

File ITR 1 or ITR2 as applicable...

In case the period of continuous service is less than five years, the sum total of the employer’s contribution to EPF and interest earned on it is taxable under the head “salary" in the subscriber’s income tax return.

The subscriber’s own contribution portion of the withdrawal is not taxable. But if the subscriber had claimed deduction under Section 80C on his contribution in earlier years, it becomes taxable under salary.

The interest earned on the subscriber’s own contribution portion is taxed under ‘income from other sources’.
 

sir
relief is applicable or not under section 89 ?

No.

sir
relief is applicable or not under section 89 ?

NO relief u/s 89

Taxable
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