HI, I closed n got the pf money in Feb 2016 after deducting TDS @ 10% (less than 5yrs service). I need to know the treatment for the same in ITR. I had worked till September. So treatment of PF claim under 80C this year and the pf settlement money in iTR under which head. I also need to know if i have to revise my previous 4 yrs ITR? I assume i'll be taxed based on my slab this year on my PF settlement. Pls help.
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Pf account closed
Replies (2)
total pf amount received by you will be charged to tax as your income in the p.y. in which you have closed your pf account (in case of less than 5 years)
its taxable, employer contri goes to salary, your contri + interest goes to Income from other sources, technicall you need to revise but its not possible and long process
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