Friends & Experts,
I seek your valuable guidance about the TAXABILITY on withdrawal from Employees Providend Fund amount. As far as I remember, in the budget of Yr.2016 or its previous year ( I exectly do not remember !), the withdrawal from EPF was made Taxable by the F.M. Later on due to people's reaction on the issue, it was either withdrawn or modified. So my questions are:
(1). Withdrawal from EPF (after 5 years) is Taxable?
(2). If yes, what is the rate and rules of Income-Tax at present?
(3). If it EPF withdrawal is EET-Type, then What is the way out to save the Tax?
Prompt and positive detailed responses from all well-wishers are eagerly awaited.
Please.
With best regards to all.
