Tax payable on epf arrears

Dear Sir,

I retired from government service in 2007. 

On 17th December 2014, I have received an amount of Rs. 3,40,923 towards final settlement of EPF though I have retired in the year 2007 because the amount was up for settlement of pension case in Delhi HC. I like to know if this amount attracts any income tax? 

Thanks and Regards

S K Talukdar

Replies (2)

Sir,

Greetings of the day!

As you have been retired from a Government job ,  The  EPF and its arrear is fully Tax Free. Needless to say that fund is an SPF.

If you file the return of your income, you can consult your CA / consultatnt to show it in Returns of Income  as an Exempted Income and in the Capital Account (if you file a Capital Account ,otherwise not)  in the year , the arrear was received i.e. FY 14-15 .

Thanks

 

 

Dear Sir, 

Thank you very much.

Regards

S K Talukdar

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details