PF withdrawal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2010
I had worked in a company for 3 years. Now I have moved to another company. I want to withdraw my PF. Please advise if the amount withdrawn is taxable @ 30.3% . My ex-employer says that PF contribution for less than 5 years is taxable.
26 August 2010
You can transfer the balance to your new PF account deposited by your new employer otherwise premature withdrawl is taxable income in the year of withdrawl.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2010
I heard that there is a proposal not to charge tax on pf withdrawals. Please let me know if that will be made as a law in this financial year
26 August 2010
If the PF withdrwal made before completing 5 years, it will be taxable fully. there is no change on this
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