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completed 5 years of continous service but will withdraw the same under new provisionf for COVID-19.Will the amount withdrawn will be taxed?
Menu
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%
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
