When is EPF withdrawal taxable? Is TDS deducted on transfer of fund, payment of advance?
EPFO Taxability: A member with the Employees’ Provident Fund Organsiation (EPFO) is liable to pay TDS (Tax Deducted at Source) on withdrawal of his Employees’ Provident Fund (EPF) if his term of service is less than five years and the accumulated amount in the his EPF account exceeds Rs 50000
EPF Taxability: There will be no TDS deducted in case of transfer of fund, payment of advance or service is terminated by the employer beyond the control of employee. Source: PTI