PF ACCUMULATION TAXABLE IF WITHDRAWN BEFORE 5 YEARS

yes PF amount is taxable if withdrawn.. better transfer to new employer's PF account

It will not attract TDS but it will be taxed in Income from Other Sources.

taxable income... get the PF transfered 2 avoid taxation...

it will not attrached the TDS but it will be taxable as other sources income,

if u want to aviod tax get trnasfered to the new employer pf account

Originally posted by : Shudhanshu Agrawal
	It will not attract TDS but it will be taxed in Income from Other Sources.

Dear Sudhanshu & Pradeep,

TDS is attracted at the time of withdrawal of accumulated balance due to an employee in his PF account before 5 years.

Refer Rule 10 of Part A of the Fourth Schedule of the Income Tax Act, 1961.

Thanks Mr. Rachit for correcting me.

Yes, TDS will be applicable under section 192(4).

This should be dealt with the following :

1) Is it a case of Reversal of 80 C benifit on account of PF withdrawal within a period of 3 years ?

2) Employers contribution to PF will it be taxable as Income From Salary ?

3) Interest on Employers and Own contribution will be taxable as Income from other sources.

rate of tax?if withdrawn bfor 5yr?