TAX TREATMENT OF EPF WITHDRAWAL

Sewak (Service) (10 Points)

08 January 2020  

Sir,

I worked in an company years ago and now I am unemployed. I recently applied for withdrawal of EPF and Pension money (Form 19 and 10C) from EPFO. Since I submitted Form 15G, EPFO did not deduct any TDS on the withdrawal amount.

Kindly note that I had left the company before the completion of five years of continuous service.

Please advice me:

1. Since I am unemployed, my Tax liabilities are nil for current financial year. Do I still need to file ITR, since I have submitted Form 15G at EPFO?

Please advise, whether I need to File ITR or not, because no TDS was deducted and my tax liabilities are nil?

regards.