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EPFO PENSION TAXABILITY

Ganesan B (EXECUTIVE IN NBFC) (100 Points)

15 August 2021

Is EPFO pension received by retired private company employees taxable?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 August 2021

I think it is taxable

Ganesan B (EXECUTIVE IN NBFC) (100 Points)
Replied 16 August 2021

Thanks Sourav. There is a strong view that since this pension is paid by EPFO out of the money that has been recovered from the employee, it is not taxable.

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 17 August 2021

EPFO Pension is Taxable and treated as Salary with the Employer Name as the one mentioned on the PPO.

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 17 August 2021

EPFO Pension is Taxable and treated as Salary with the Employer Name as the one mentioned on the PPO. Standard deduction of maximum Rs 50,000 is also applicable.