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TAX ON PF WITHDRAWAL
How to get Rs 3 lakh/month from my Rs 2 crore EPF corpus?ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the b...08 Sep, 2026, 01.29 PM IST- Employee showed Rs 9.6 lakh EPF interest in ITR by mistake, got income tax notice: He fought and got full relief in ITAT MumbaiIncome Tax Dept sent tax notice for Rs 9.6 lakh EPF interest which employee never received but erroneously shown in ITR as received; he fig...04 Sep, 2026, 08.27 AM IST
- EPF 3.0: Withdraw PF by swiping from ATMsSwift and hassle-free withdrawal of provident fund money could be revolutionary. Paradoxically, the current time-consuming and tedious proc...09 Jun, 2025, 06.30 AM IST
- Higher pension option to impact PF corpusUnder the Employees’ Provident Fund & Miscellaneous Provisions Act, both employee and employer contribute 12% of the basic wage. While the ...11 May, 2023, 10.01 AM IST
- Do I need to include the withdrawn EPF proceeds in ITR after leaving the job?At the time of withdrawal, the PF authorities will deduct tax at 10% on entire PF proceeds (assuming you have furnished your PAN to the PF ...27 Jul, 2020, 12.21 PM IST
- Stopped working before completing 5 years? Your EPF could be taxableThe taxation is triggered in the year of withdrawal; however, the tax is computed as per the mechanism laid down in Rule 9 of the Fourth Sc...31 May, 2019, 10.31 AM IST
- How to claim EPF online by linking UAN with AadhaarThe new Aadhaar linked 'composite claim form' can be used for availing benefits as under EPF Form 19, Form 10C and PF part withdrawals Form...12 Oct, 2018, 12.24 PM IST
- Withdrawing EPF before completion of five years? Here's how you will be taxedAccording to EPF rules, one can withdraw up to 75% of corpus after 1 month of quitting job. The remaining 25% if he/she remains unemployed ...21 Sep, 2018, 02.49 PM IST
- New ITR forms ask for year-wise PF contribution details in case of taxable withdrawalThe Income Tax Department has made changes in the ITR forms 2 and 3 applicable for FY 2017-18 to ascertain whether the PF withdrawal made b...07 Sep, 2018, 10.58 AM IST
- Withdrawing EPF? You don't need your employer's signature anymoreThis facility will be available to all those subscribers whose UAN is activated and seeded with the KYC details like bank account and Aadha...05 Oct, 2016, 03.12 PM IST
- No TDS for PF withdrawals of up to Rs 50,000 from June 1The government had introduced the proposal to deduct TDS on PF withdrawals in order to discourage pre-mature withdrawal and to promote long...30 May, 2016, 09.11 PM IST
- Trade unions question TDS on PF withdrawals, want order on holdIn a notification issued yesterday, Employees' Provident Fund Organisation (EPFO) said it will deduct TDS from June 1 on PF withdrawals whe...22 May, 2015, 05.02 PM IST
- Taxing premature PF withdrawals of over Rs 30k may be kept in abeyanceA decision is expected by the end of this month, the PF department has asked all offices to gear up for deducting tax from all premature PF...22 May, 2015, 06.53 AM IST
- Trouble ahead: Income Tax department tells EPFO to tax premature PF withdrawalsThe Income Tax department has asked the 3,70,000 crore EPFO to tax all withdrawals by workers with less than five years of PF savings.30 Mar, 2011, 12.34 PM IST
- I-T, PF face off on taxing early withdrawalsTension is mounting between the I-Tax dept and EPFO over handling of employees PF money and alleged non-deduction of tax at source on prema...27 Mar, 2011, 06.58 PM IST
- Why go to a mutual fund? Invest all your money with us: Samirendra Chatterjee, Central Provident Fund CommissionerCentral Provident Fund Commissioner Samirendra Chatterjee says the purpose of an EPFO account is defeated when people withdraw money every ...03 Jan, 2011, 11.16 AM IST
- TUs oppose tax on PF withdrawalsCentral trade unions on Thursday joined hands to mount pressure on the government to shelve the new Direct Taxes Code, which proposes to ta...15 Jan, 2010, 03.47 AM IST
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