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Suraj

Category : Taxabili..,
Solved
August 25, 2018 3:09 pm
Hello Amlan,

Earlier this year in Jan I withdrew my EPF amount, from this TDS was deducted(34.608%) as PAN was not updated and also for not completing 05 years of tenure. I would like to claim that TDS amount while filing ITR for this AY as I am not working since last 2 years. I will be filing a ni...
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Amlan Dutta
Q1 - Where do I declare this in ITR form? I understand that I have to mention received EPF amount in ITR form(which section?)

if PF is withdrawal less than 5 years it would be taxed as given below.


Employer contribution towards PF under salary head and rest under other sources

1.) Employer contributi...
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  • August 25, 2018
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Suraj
Okay, Thank you Amlan.
  • August 25, 2018
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P Dev

Category : Taxabili..,
Solved
July 25, 2018 11:00 pm
Dear Amlan,
as per ur vdo tutorial, Recognized PF is fully taxable if some1 withdraws d balanced before 5yrs of continuous service. howevr my ex employer told me tat only the portion of employer's contribution +interest is taxable. can u plz clarify this?thnx in advance
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Amlan Dutta
If PF is withdrawn before 5 years it would be taxed as given below.

1.) Employer contribution and interest thereon
Basically, the employer’s contribution and interest thereon would be fully taxable under salary head

2.) Employee contribution and interest thereon

Employee contribution towards PF is th...
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  • March 20, 2019
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Harsh Kumar

Category : Taxabili..,
Solved
July 16, 2018 7:19 pm
Hello sir,
I received epf amount rs. 314536, and an amount of rs. 31454 was deducted as TDS(as epf was withdrawn before 5 urs of completion of service) ... Its being shown in form 26AS.. now. Problem is... Where to show this amount in ITR-1, Please help
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Amlan Dutta
Here PF is taxable since withdrawn before 5 years of continuos service ....the tax treatment shall be as follows If PF is withdrawal less than 5 years it would be taxed as given below.

1.) Employer contribution and interest thereon
Basically, the employer’s contribution and interest thereon would be f...
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  • November 27, 2018
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Amit Gupta

Category : Taxabili..,
Solved
July 16, 2018 11:49 am
Sir..I worked in a pvt org for 2 years. Currently working in a psu. i withdrew my epf amount which was more than 50k. i also paid tax on the same. i want to know whether full withdrawn amount to be shown under income from other sources head or is there any break up under diff heads. Also do i need t...
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Amlan Dutta
Since PF withdrawn before 5 years of continuous service and since PF amount is more than 50,000 Rs so it is taxable and TDS must have been deducted ...If PF is withdrawal less than 5 years it would be taxed as given below.

1.) Employer contribution and interest thereon
Basically, the employer’s contri...
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  • November 27, 2018
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