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ITR on PF Withdrawal

Tax queries 418 views 1 replies

Hello Friends,

I have withdrawn my PF in FY 2023-24. I left my job in March 2022 and my PF was accumulating for more than 5 years. Now when I was trying to file the return, the AIS portal shows the entire amount as salary and there's 10% TDS deducted as well. The same shows auto generated in my Salary head while trying to file ITR. 

As per my understanding, there should be no tax on PF withdrawal if you had more than 5 years of service. How should I handle it while filing ITR and also is there a way to get back the TDS deducted ? (I didn't file Form 15G as I was not aware of the implications).

Thanks,

Replies (1)

Also under which section 10 I have to show the exemption ? My Form 16 shows the amount under "Total amount of any other exemption under section 10". But while filing return, there are multiple options of exempt under section 10.


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