I HAVE RECEIVED PENSION AMOUNT IN APRIL 2017 FROM EPS UNDER EPFO ON MY RESIGNATION AFTER COMPLETING 7 YEARS IN THE JOB.I WOULD LIKE TO KNOW THE TAX TREATMENT
Menu
Tax treatment of eps pension amount received from epfo after leaving the job after 7 years
Replies (4)
Uncommuted pension: Fully taxable
Commuted pension: 1/3 of the total pension is exempt.(If he also receives gratuity) or 1/2 of total pension is exempt (If he doesnt receive any gratuity)
Received a lumpsum amount from epfo without gratuity hence half taxable. I hope it is right
Received a lumpsum amount from epfo without gratuity hence half taxable. I hope it is right
Yes If Lumpsum amount from EPFO received without Gratuity then half taxable
Recent Threads
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
Related Threads
CAclubindia
