24 January 2012
ONE OF MY CLIENT WITHDREW PROVIDENT FUND AMOUNT IN F.Y. 2008-09 AND 2009-10 FROM DIFFERENT EMPLOYERS AS HE LEFT THE JOB FROM TWO EMPLOYERS IN THOSE FINANCIAL YEAR.AT PRESENT HE IS DOING JOB WITH ANOTHER EMPLOYER. MY QUERY IS THAT WHETHER PF WITHDRAWAL IS TAXABLE AS EMPLOYER HAS DEDUCTED TDS ON IT.PLS GUIDE.