banner_ad

Tds on epf withdrawal

Tax queries 231 views 2 replies

Hi,

I was a resident until Nov'16 after which I got a job abroad in Jul'17 and have currently settled there. I withdrew my complete EPF in Feb'18 as I had to close it once becoming a NRI and TDS of 10% was deducted. I'm planning to file IT return for AY 17-18. My doubt is:

* Is my EPF withdrawal considered income from slaary for AY 17-18? My EPF withdrawal amount was ~4.5 lakhs. What is the taxation on my EPF withdrawal? Can I refund the TDS deducted for any extra tax paid? I don't own any other assets or have any other income in India for AY 17-18.

Thanks in advance.

Replies (2)
As you said the tds was deducted at the of withdrawal means you withdraw it before completion of 5 years, hence your pf withdrawal is taxable in nature.

Therefore you will be required to add the amount of withdrawal in income from salaries and file ITR.

Thanks. But, I did not withdraw it because of voluntary reasons, but there was a circular that once you become a NRI you have to close the EPF account, so it shouldn't be taxable right?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details