I want to withdraw EPF which will be more than INR 50K and I havent completed 5 years of continous service but will withdraw the same under new provisionf for COVID-19.Will the amount withdrawn will be taxed?
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Income Tax on EPF Withdrawal
Replies (2)
Quick Summary
Amount >= rs. 50,000
then TDS @ 10 % deducted u/s 192A
Yes. There is no specific exemption given from application of TDS provision in cases of PF withdrawal during COVID 19. So, tax shall be deducted at source @ 10%
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