I am retired from PSU. After retirement I got opportunity of regular job in govt corpn. At the age 61,I got job and retirement age was 65yrs. After serving 4 yrs retired on attaining age. Corpn was deducting EPF . After retirement I withdraw EPF.EPFO deducted 10 % TDS.
EPF rule say if left job before 5 yrs or amt is in excess of 50000 TDS is applicable.
In this case job is not left, but scope of job was only less than 5 yrs and retired at the prescribed age of 65 yrs.
My question wether I TAX applicable ? My own view is-- NOT. Am I right ?
CAclubindia
