Is pf withdrawal taxable fy16-17?

Dear Sir/Madam,

I was working in a Private company from Sep-04 thru Jun-13 (9 years 7 months) The company has a PF Trust. In Aug-16 I have withdrawn full PF amount of around 10 lacs. Of this amount around 4 lacs is reflecting in my Form 26AS. I am unemployed so could not transfer PF to any other account.

Company said that out of this 10, 4 lacs is Employer contribution + Interest and this part is taxable.

Is this correct as per prevailing rules for FY16-17? I was under the impression that PF amount withdrawn after 5 years is tax free.

Does this mean I need to mention this 4 lacs as Salary in my ITR return form and pay taxes as per applicable slab?

Thanks and regards,

Rajesh.