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TDS in Previous company's PF

Others 223 views 2 replies
Dear experts,

i left my previous organisation in 2017. finally they transferred the PFs to my current PF account this year in 2019 under same UAN.

While filing ITR, I could see the tax deduction entry on interest of transferred amount. I am not sure why .
Do i need to pay tax for the amount i didn't withdraw?
As per my understanding, i had to pay if i would have withdrawn the amount.

kindly help. Thank you.

Regards,
Nilesh Mishra
Replies (2)

The TDS seems to be on interest earned during last two years which is considered as unemployed period. So, you will have to  pay tax over the interest amount.

Tax is required to be paid on the interest earned between the end of first employment and start of second employment. EPFO might have deducted only 10% tax on the interest earned but you will need to add that entire interest in income and pay tax.


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