23 July 2023
Hello, In my EPF passbook statement I can see taxable interest (above 2.5L) for each month separately, for FY 2022-23. But the interest for FY 2022-23 has not yet been credited. So, my query is: 1. While filing ITR for FY 2022-23, I should not consider the EPF interest in my taxable income as it has not yet been credited in my passbook. Instead, I should be considering it in the next FY, when it gets credited. Is this correct ? 2. Or am I expected to calculate the interest and pay tax on it on my own in this FY itself ? If so, how should I factor in TDS as part of the calculations ? Thanks
23 July 2023
Sir, thanks for your quick response! But neither is the interest credited for FY 2022-23 in my PF account nor has any TDS been deducted by PF department. I have cross checked this in my Form 26AS and AIS as well. So, my query is, shall I defer paying tax on this interest till it gets credited to my account or shall I compute it on my own and pay it now itself ?
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