How to treat PF Withdrawl case during ITR filing

I have to file ITR for this assessment year. During filing there is getting additional tax as of around 20,000/-. Following is my case:

 

Joined Company A on 21st June 2004 , Left Company A on 25 July 2006. New PF A/c opened

Joined company B on  1Aug 2006 left Company B on 20th July,2007. New Pf A/c opened

Joined Company C on 23 July 2007 and left Company C on 12 June, 2009. New Pf A/c opened and got transferred PF Amount of Company A and B in C. 

Company C is having their own PF Trust.

Got withdrawl Total PF from Company C 

Following are the contents of TDS Certificate got from Employer C:

Employer Ccontribution from 2007-2009: 40861.00

Interest on Employer's contribution from 2007-2009:  4439

Interest on members' contribution from 2007-2009:  6295

Total income to be added to current year's income: 51595

TDS thereon: 10320

Education cess:310

Total 10630

Contribution made by employees [REBATE U/s-80 TO BE WITHDRAWN]

2007-2008  TDS @ 30.90%   16870  Tax: 5213

2008-209 TDS @  20.60% 28328.00  tax-5836

2009-2010 TDS @ 0% 8106   Total  11049

Total TDS: 21679.00

 

Now during filing of return my CA is saying that there is additional tax  to be payed on previous employer's PF income as this is not calculated in this statement. Morevover total 5 yrs. of PF account are not getting completed so we have to pay more tax on this. Is there solution to avoid tax. 

That tax is coming to be around Rs. 20k.

 

   PF that was got transferred from previous employers was:

Member's contribution:40616.00

Interest:1865.00

Employer's Contribution : 19788.00

Interest: 884

 

 

 

 

Replies (1)

yes past employer's contribution rs 19788 & interest onthar 884 is taxable since 5 years were not completed

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details