Taxability of amount received from epf trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2017
An employee left job in a company in financial year 2014-15 and joined another company. In Form 26AS for financial year 2015-16, there were two receipts, one is towards amount received from EPF trust of left company along with amount towards TDS deducted and second is salary received from another company.
Query is whether amount received from EPF trust is subject to tax i.e. whether it is exempt or not. if it is to be included, in which head it is taxable.
Query is whether amount received from EPF trust is subject to tax i.e. whether it is exempt or not. if it is to be included, in which head it is taxable.
15 May 2017
It is taxable and to be included under the head in which TDS is deducted in case of leaving the service before completion of 5 years.
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