Do I need to include the withdrawn EPF proceeds in ITR after leaving the job?

I worked for a company from 2015 to 2018 and contributed to the Provident Fund. My PF corpus is around Rs 1 lakh now and I want to withdraw the money. Do I need to show the interest earned after leaving the company in my tax returns and pay tax? Will the PF department deduct 10% tax even for the interest earned after leaving the company?
Homi Mistry Partner, Deloitte Haskins & Sells replies: Since your total service is less than 5 years, PF proceeds will be subject to tax in your hands in the year of withdrawal. 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 authorities), including the interest. PF proceeds comprise employee’s and employer’s contributions, and the interest earned thereon. Employee’s contributions to PF are taxable to the extent they were claimed as deduction under Sec 80C in the year of contribution, at the rate of tax prevailing in those respective years. Employer’s contributions and the interest are entirely taxable on withdrawal at the rates prevailing in those years. Interest earned by you on the PF accumulation post cessation of employment is also taxable.

I was working in an MNC and my employer had a defined contribution superannuation scheme. I left the company after 12 years and joined another company. At the time of exit, I was given the option of exit from the superannuation scheme with a fixed annuity payout of around Rs 96,000 every year. Is this income taxable and if yes, should it be shown as other income?
Amit Maheshwari, Partner, AKM Global replies: Amount received from superannuation fund on account of leaving of employment is taxable. The amount received every year shall be taxed as income from other sources.