Do I need to pay tax on EPF account withdrawal

[samkapoor77]

I am in job since 2006. During this period, I have worked for 2 organizations. When I left my first organization I got the EPF transferred to second organization and the same was cleared by EPFO. Now, I have left the second organization. Since I have not joined anywhere, I have withdrawn the amount of EPF in this financial year. I want to know is the amount withdrawn taxable in the current assessment year or not.

[Sameer Kapoor]

As the number of service is more than 5 years, the amount will not be taxable.

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