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How much % on pf

Madhu (Team Member) (155 Points)

11 July 2012

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.

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3 Replies

CMA Vikas Aggarwal (Executive(Costing)) (163 Points)
Replied 11 July 2012

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.