Provident Fnd Payment


I left my previous employer last month and have opted for withdrawl of the EPF money. I worked with last organization for more than 5 years. My questions:

  1. Is the payment received from EPF withdrawl taxable?
  2. If yes, will the PF office deduct tax at source or do I need to show this payment received as income in my ITR and pay tax accordingly?

Please advise.



asked Apr 21 '13 at 18:02 by Anks 462410

  1. As you completed five years in EPF contribution, withdrawal amount won't be taxable.
  2. PF department generally don't deduct TDS due to laziness (have been asked to do so multiple times by IT department). If they don't deduct its employee's responsibility to declare same and pay taxes.

answered Apr 22 '13 at 12:10 by Pankaj Batra 5.2k320


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Apr 21 '13 at 18:02

Seen: 1,910 times

Last updated: Apr 22 '13 at 12:10