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Is pf withdrawal is taxable?, if taxable under which head while filing itr

ITR 304 views 5 replies

Pf withdrawal from pf Account Reflected in  As under Sec 192A in 26AS,,

Then where it will be chargeble

Replies (5)
under the head salary
only unrecognized provident fund is taxable. in this employees contributions and his interest is not taxble. plz read incometax rule 17(3)

PF amount withdrawn before 5 years completion is taxable and must be reported in ITR.

PF amount withdrawn after completion of 5 years is not taxable but should be reported in ITR in Other Income of ITR1 or Schedule EI of ITR2.

Originally posted by : Saurav Bhattacharya
only unrecognized provident fund is taxable. in this employees contributions and his interest is not taxble. plz read incometax rule 17(3)

When PF is withdrawn, there are two credits flowing to the bank account.

1) Credit entry of the PF withdrawal

2) Credit for the EPS Pension contribution withdrawal.

From where will such breakup be available for employer contribution + interest on that contribution to be taxable and remaining not to be taxable.??

What about the 2nd credit entry? Is that fully taxable? What are rules on the second entry of EPS pension contribution withdrawal?

yes pf is taxable when employee leave job before 5 year or his withdrawn pf amount


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