Amount withdrawn from EPF account after retirement, it is exempted income.
Which section to use to report this under exempted income in ITR1 section 10(11) or 10(12).
Please guide on this.
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Section 10(11) or 10(12) of exempted income
Replies (4)
Quick Summary
For EPF withdrawals after retirement (after five years of service), select Section 10(12) Recognised Provident Fund received in the exempt incomes section of ITR1.
Thank you Dhirajlal ji,
I was in doubt since so many days, now got the very clear reply.
As always, your replies are precise.
You are welcome.
@ Manoj Punjabi
Dhirajlal Ji will always provide short, sweet and helpful guidance.
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