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Jalda Srinivas Rao

Taxability of PF - Withdrawal before 5 years...
I have resigned the job before 5 years and withdrawn my PF amount (1 lakh plus) by submitting 15G/15H. Whether I need to show the amount in ITR. If yes where I need to show. I have seen your video but in that you did not mention the withdrawal of PF after resigning. Please clarify.
Thanks
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Amlan Dutta
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 fully taxable under slary head

2.) Employee contribution and interest thereon

This is the amount contributed by yo...
  • October 9, 2018
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Suraj

Taxability of PF - Withdrawal before 5 years...
Hi Amlan,

We chatted few days back on this topic.
My doubt is;
1) While filing ITR if I put Employer and Employee contribution of PF under Salary and interest from both in Income from other sources, would that be right?
2) 26AS is not available as I haven't submitted PAN while withdrawing PF. I ca....
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Suraj
Hi Amlan, Yes I have seen 2 of your recent videos on PF entry in ITR but wanted to clarify. Great Channel! Thanks a lot!
  • August 31, 2018
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Suraj
Hi Amlan, Good Morning! Just saw your 2 new videos on this topic. Yes most of us would miss out considering 80C benefit already taken before. Thank you once again for your time. Thank you. Will be in touch.
  • September 1, 2018
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Suraj

Taxability of PF - Withdrawal before 5 years...
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 nil...
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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...
  • August 25, 2018
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Suraj
Okay, Thank you Amlan.
  • August 25, 2018
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P Dev

Taxability of PF - Withdrawal before 5 years...
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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Harsh Kumar

Taxability of PF - Withdrawal before 5 years...
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...
  • November 27, 2018
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Amit Gupta

Taxability of PF - Withdrawal before 5 years...
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...
  • November 27, 2018
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Bhav

Taxability of PF - Withdrawal before 5 years...
hello sir,

my queries are as following:

(1) I had to file 3 itr for AY: 2016-17, 2015-16 and 2014-15. But I was not aware about filing itr was compulsory for me. So, so far I have filed only one itr for AY-2016-17. So what I can do about remaining ITRs of previous two years. I think I can even get som...
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karthik
Dear Friend , you can file the return only for AY 16-17 and AY 15-16 only and you cant file the return for AY 14-15 , as the due date to file the same was 31-03-2016 . alternatively with respect to the assesment year 14-15 , you can write a letter to the department regarding the reasons for not fil...
  • August 13, 2016
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Bhav
Thanks karthik....Is there anyone who can reply to my remaining queries?
  • August 24, 2016
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