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Pf wthdrawn

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2014 I was working in India from 2001-2004 ( 3 years)in company A. Then i got a job abroad (2004-2008). Then I returned to India in 2008 as I got a job herein company B. in 2013 changed job in India and went to comapny C
I got the balance lyimg in my PF account (2001-2004)( relating to company A) transferred to the new account. In 2013 after completion of 4 years & 6 months in the company B I changed my job. I did not get the balance of my PF transferred this time. However, after 7 months of leaving service I got the balance in my old account redeemed. Thus, I had completed 4 years & 6 months in company B & 3 years in company A. I withdrew my PF balance after 7 months of leaving service in Company B, while working with Company C. Will my PF withdrawl be taxable - kindly advice with relevant sections- My service was 3 yeras + 4 yrs 6 months - but in between I was employed outside India- will this be considered % yrs or more of continuous service.


11 July 2014 it is taxable in your hand under the salary head.

16 July 2014 u need to offer it under income from salary.




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