income tax on PF withdrawal before 5 yrs

This query is : Resolved

AMIT PAREKH (Querist)
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15 August 2016 Dear Sir, One of my client, salaried employee, has withdrawn pf before 5 yrs and is taxable as rule 8 conditions not satisfied. Now there is tds of 10% deducted u s 192A, However his income is in 30% slab so is he required to pay remaining 20 %. This doubt arises as taxable amt is only employers contribution and interest. Also the person responsible for deduction of tax is required to deduct the tax applicable under rule 8 Kindly resolve the amount of tax to be paid by employee

Rohit A Kadam

Rohit A Kadam (Expert)
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15 August 2016 The income will be chargeable as Salary and tax has to be paid on the total income as computed after allowing for all deductions as applicable.