i recieved my epf money in sep 2017 with deduting 10% tax as i withdrawn before 5 year. now i am in 20% tax slab how can i show this received amount with deducting tax amount in itr filling. and i think if i show this amount in itr then again i have to pay 10% more tax as i am in 20% slab or better if i do not show it in itr.
pls clear my query
Thanks in advance......
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itr fill for 2018
Replies (3)
EPF withdrawal will be taxed as income and you need to include it in your ITR under the head 'Income from Salary'.
so now i have to pay again 10% when show in itr
Yes
Tax payable on total income ( It icludes your all incomes as per income atx act 1961)
Already paid 10% can be deducted from the tax payable. Only the balance amount will be paid to IT department.
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