I have one challange here, i am working with one company & resigned the job, when i applied the PF withdrawals, i came to know they are having PF Trust under EPF scheme. As per EPF scheme if i withdraw the PF with in 5 years then it's taxable. I have following challanges
1. I got a cheque from PF trust which is created by our company- They deducted TDS @30.03%, i have submitted all the tax declaration Form-16 last year.
2. If TDS applicable under which section they has to deduct TDS
3. My PF total amount Rs.40 K which is not exceeding the Total taxable income of Rs.1.80 lakhs per Annuam.
4. Is there any excemption up to 1 lakhs can get exemption from TDS
5. will be TDS attarcted on Employeer or employee contribution or Both.
Can any one resolve my problem,,,,,,,,,,,,
Thanks in Advance