Hi Sree,
it's been 9 months i have quit my job and currently not working anymore and i dont have any source of income. But in Jan i have withdraw my whole PF amount.I am not doing any invest also. Do i still need to fill tax return.
Could you please guide me.
Regards,
Abhipsa
2 Answers
Dear Abhipsa,
May I know your total service period and the quantum of EPF claim amount?
Hi, My service year is of 6.8 years and the total amount i claimed was 2.30lacs.
Dear Abhipsa,
As your service period (till PF withdrawal date) is more than 5 years, your total PF claim amount is tax-exempted. But, you can still file your ITR, disclose this amount under 'Exemption income' section of ITR and file it with NIL tax liability.
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