Taxability of epf withdrawal before 5 years.

hllo mr rahul

here i will help u 

see, In case you are a member of recognized provident fund it depends on if contribution is over 5 years or not, including transfers from different companies.  If you withdraw before completing a period of 5 years, then all your previous years income gets recomputed as if the fund was unrecognized from the very beginning  (i.e., the tax benefits you received on your own contribution u/s 80C/88 in earlier years will get forfeited) and further the employer contribution and interest received will be added to your current income subject to relief under section 89.

further, , legally it is mandatory to transfer EPF Account at the time of job change. But, people generally don’t do it; instead of transferring, they withdraw the amount. From 10 Feb 2016 You cannot withdraw Employer contribution to EPF before 58 years.

hope u understood clearly that it is overall depends upon completion of 5 yrs.

Hi,

Thanks for the reply.

I have already withdrawn the EPF (100%) in FY 2015-16.

I have to file the tax return and thus I am asking about the presentation in the return.

And total period of employement including previous employers is less than 5 years. 

Can any one help ?