EPF withdrawal before 5 year of continuous service.
Mukesh Kr Purbey (31 Points)
06 August 2019
relief and used form for filing of with itr ?
Mukesh Kr Purbey (31 Points)
06 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171395 Points)
Replied 06 August 2019
File ITR 1 or ITR2 as applicable...
In case the period of continuous service is less than five years, the sum total of the employer’s contribution to EPF and interest earned on it is taxable under the head “salary" in the subscriber’s income tax return.
The subscriber’s own contribution portion of the withdrawal is not taxable. But if the subscriber had claimed deduction under Section 80C on his contribution in earlier years, it becomes taxable under salary.
The interest earned on the subscriber’s own contribution portion is taxed under ‘income from other sources’.
Mukesh Kr Purbey
(31 Points)
Replied 06 August 2019
Mukesh Kr Purbey
(31 Points)
Replied 06 August 2019
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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