EPF Summary
Monthly Employee Contribution: ₹0
Monthly Employer Contribution: ₹0
Total Monthly Contribution: ₹0
Total Investment: ₹0
Interest Earned: ₹0
EPF at Retirement: ₹0
Tax Calculation
Withdrawal Before 5 Years (with PAN): ₹0
Withdrawal Before 5 Years (without PAN): ₹0
Net Amount After Tax (with PAN): ₹0
Net Amount After Tax (without PAN): ₹0
EPF/PF Tax Rules
- Tax on PF withdrawal for an amount > Rs. 50,000 before 5 years of opening the EPF account:
- With PAN: TDS is 10%
- Without PAN: TDS is 34.6%
- PF withdrawal for an amount > Rs. 50,000 after 5 years of opening EPF account will not attract tax.
- Contributions to the employees' provident fund or the PF qualify for tax deduction under Section 80C of the Income Tax Act.
- If held till retirement, this contribution can be a good retirement corpus creator and one which is tax efficient, as the PF is totally tax exempt at the time of exit.