Query regarding tax treatment of epf amount received.

Dear Sir/ Madam,

One of my client has received EPF amount Rs 4,10,000/-  for F.Y- 2015-16. I would like to know that is this amount taxable or is this income under the category of "Exempted Income". He has done 15 years service & company has been closed.  If the amount is taxable, then how much would be the Tax... Kindly advise me...

Regards 

Abhishek Bag..