Tax on epf withdrawal

Hi,

I have resigned from company 'X' after serving for 4 and half years. Alongwith the final settlements, I have requested to withdraw all my EPF balance. My employer had EPF trust. I have received the EPF amount after deduction of tax. After the end of financial year, I received two Form 16 documents. One was from the employer and the other one from Employers EPF trust.

Now, my question is, during filing of the return, can i show the income from EPF withdrawal under the head "Income from Salaries" and also the Tax deducted on the EPF withdrawal be added in Total tax deducted on salary income in that particular F.Y.

Thanks in advance.

Replies (2)

Mukund,

You can take the credit of the entire tax credits in your account recd from any person as long as it is favoring your PAN in your return.

 

EPF withdrawal should not be taxed under salaries as PF has already been charged.. but this is what i think should be logically and i am not sure about this part.

 

But TDS credit is available.

hi mukund,

                        u can claim tds credit and ya EPF income at the time  of withdrawal is exempt under section 10 provided ur in employment for five years,since you have not rendered serivce more five years,you wil be taxable, thus u must offer your income for tax

regards

sripal jain

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details