PF withdrawal

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2010 Hi I completed 5 Yrs in 2 companies till date. I transferred PF from first to second company. Now i want to withdraw this PF. Can you pls tell me whether it will be taxable?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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08 October 2010 No.. there will be no tax as the account is in continuation for more than 5 years...

Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2010 Thanks for reply. In first company PF trust it was 2 Yrs and then transferred it to new company PF trust for 3 Years. Whether in this case also there is no tax ?

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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08 October 2010 yes.... the condition is : there should not be any withdrawal for continuous 5 years.

Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2010 Thanks a lot !!!