Withdrawl of provodent fund

Rajeshwar (Querist) 21 December 2011 This query is : Resolved
Dear Team,
i resigned from my current job and now i want to withdraw my pf and eps that total amounts to aprox around 60000/-. please guide me that will the amount that i'll be receiving would be taxable. my joining date was 24-07-2007 and my relieving date was 18-12-2011 from my current organisation. as i don't want to transfer the amount to my new organisation's pf hence want your guidance that will it be taxed and if yes then after how many time its withdrawal would not be taxed

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Raj Kumar Makkad (Expert) 22 December 2011
This amount is not taxable as it is your saving which already has attracted tax and tax benefit.

Sailesh Kumar Shah (Expert) 22 December 2011
Amount received from EPFO is exempt for tax.

Sadashiv Rupchand Gaikwad (Expert) 22 December 2011
u/s 10 of Income Tax Act, 1961 PF, VPF, CPF, PPF withdrawals, interest on such recognised fund is totally tax free.Today's position EEE not EET.

prabhakar singh (Expert) 22 December 2011
agree with views of Ld. Experts.

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