Income Tax on Employees Provident Fund (EPF) Withdrawl

Latest Update!

Interest rate on PF deposits increased to 8.65% from 8.55% for the FY 2018-19.

Contribution towards an EPF account provides a benefit to individuals by way of a deduction under Section 80 C . It would also be good to know what would be the income tax implications of EPF withdrawal. Interestingly, EPF withdrawal is taxable under certain circumstances and exempt under the certain circumstances.

The following table will help you easily understand the taxability on withdrawal of EPF:

[table id=11 /]

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