PF withdrawal

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2010 Dear All,

I need one clarification, I have worked for one organisation for around 4 years & 1 month. My PF was deducted regularly during the period. Recently I have joined another organisation where PF is not applicable. I want to know if I withdraw the PF at this stage will it be taxable and if I withdraw it after 5 years from the start of PF account what are the rules of withdrawal & how much will be the tax if any.

Further the deduction were getting divided into two parts EPF & EPS(Rs.541/- per month) what are these exactly & will I get both of them or not.

Thanks & Regards

CA. R. B. SAH

CA. R. B. SAH (Expert)
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15 December 2010 withdrawl of pf in your case is not taxable.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 Thanks,

But I understand that PF withdrawal before 5 years is taxable. Pl guide.

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