TAXABILITY OF EPF RECEIVED OF RS. 38000 AFTER LEAVING OF JOB BUT BEFORE COMPLETING 5 YEARS

MADHU MITTAL (DIRECTOR) (192 Points)

14 July 2023  

MR X HAS LEFT THE COMPANY AFTER 4 YEARS OF SERVICE BUT BEFORE COMPLETING 5 YEARS HE RECIEVD RS. 38000 IN HIS BANK ACCOUNT ON ACCOUNT OF EPF NO TDS IS SHOWN IN 26AS

IS RS. 38000 IS TAXALBE IN HANDS OF MR. X. WHAT IF THE SAID PERIOD WAS OF MORE THAN 5 YEARS?