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How much % on pf
Hi,
As per my knowledge, if employee service more then 5 years then PF will not taxable.
1. If employee service more then 5 years but his service provided in two different companies.
For Eg: 2 years service in X company
3.1 years servcie in Y company.
Now,whether the PF is taxable or not.
If taxlable,how much % they will deduct.
Replies (3)
Hi Madhu,
In your case if you have had PF balance from your previous employer then such balance should have been transferred from your previous employer to your current employer and the period of service of both employers would need to be aggregated to check if you have completed 5 years of continuous service.
Hi,
If service is less the 5 years.
How much TDS % will deducte.
Regards,
Madhu
If you withdraw PF before 5 years liable for 30 % tax deduction
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