Tds on epf withdrawal

Tax queries 180 views 2 replies
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3 Points Joined June 2018

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.

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On 21 June 2018 at 18:37 Report
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79 Points Joined December 2016
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.
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On 21 June 2018 at 20:03
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3 Points Joined June 2018

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?

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On 22 June 2018 at 15:02


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