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Tax on EPF withdrawal after age 60

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Sanjay s sakalley

Director

41 Points Posted on 02 January 2022

I withdrew EPF in June 2020 when my age was 60+, EPFO deducted TDS @ 10% even though I had provided form 15H. No satisfactory answers came on filing queries on EPFO portal. It was peak Covid-19 time so I had no option to personally visit their office. The query responses mentioned lockdown etc and that I could claim refund of TDS in the ITR.

The EPF was accumulated between 2013 and 2017. I left that company in 2017 and didn't opt for PF in my next company.
My understanding was that EPF withdrawal after completing 5 years of service or after age 60 was exempt from income tax.
kindly advise the correct position

Replies (2)

Quick Summary

This discussion explores the tax implications of EPF withdrawals made after the age of 60. A key point raised is whether EPF withdrawals are tax-free after completing 5 years of service or reaching 60, even if the service period was not continuous with a single employer. The thread also touches upon TDS deductions and how to claim refunds through income tax returns.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 02 January 2022

As you did not complete 5 years of service/s in one EPF account, it is taxable, and the TDs can be claimed in ITR.

KRIESHAN GROVERR

Practising Chartered Accoutant

35 Points Posted on 18 August 2025

My service period is from 02.03.2009 to 31.5.2014 i.e. more than 5 yrs. I am now above 60 years. If I withdraw whole balance of EPF ( becasue it has stopped earning interest also) , will it be tax free?