Tax liability on PF withdrawal

Hi,

    Can someone please help me understand whether PF withdrawal is taxable or not under the below condition.

I left my job in Mar-2020 and has withdrawn full PF amount in May-2020. Since the PF a/c was 5+ yrs old, the PF withdrawal was tax exempted. I have again joined in May-2021, new PF number got created (under same UAN), PF amount got credited to this new PF account. I left my job in Apr-2022 and had withdrawn my full PF amount in Dec-2022 but 10% TDS was deducted by EPF while depositing the amount. Is my PF withdrawal taxable income in FY23 or Can I claim the tax refund on 10% tax deduction? Thanks in advance for your response.

Thanks

Mani

Replies (3)
Quick Summary
This discussion explores the taxability of Provident Fund (PF) withdrawals. The user withdrew their PF in May 2020 after 5+ years of service, which was tax-exempt. However, a subsequent withdrawal in December 2022 incurred a 10% TDS deduction, leading to questions about whether this withdrawal is considered taxable income and if a tax refund can be claimed.

It is taxable income...              

Sir, Thank you for your reply.

You are welcome.                    

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