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
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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
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