Tax liability on PF withdrawal

Hi,

    Can someone please help me understand whether PF withdrawal is taxable or not under the below condition.

I left my job in Mar-2020 and has withdrawn full PF amount in May-2020. Since the PF a/c was 5+ yrs old, the PF withdrawal was tax exempted. I have again joined in May-2021, new PF number got created (under same UAN), PF amount got credited to this new PF account. I left my job in Apr-2022 and had withdrawn my full PF amount in Dec-2022 but 10% TDS was deducted by EPF while depositing the amount. Is my PF withdrawal taxable income in FY23 or Can I claim the tax refund on 10% tax deduction? Thanks in advance for your response.

Thanks

Mani

Replies (3)
Quick Summary
This discussion explores the taxability of Provident Fund (PF) withdrawals. The user withdrew their PF in May 2020 after 5+ years of service, which was tax-exempt. However, a subsequent withdrawal in December 2022 incurred a 10% TDS deduction, leading to questions about whether this withdrawal is considered taxable income and if a tax refund can be claimed.

It is taxable income...              

Sir, Thank you for your reply.

You are welcome.                    

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details