I changed my job. The new employer has less than 20 employees and hence does not maintain provident fund. My service with my previous employer was less than 5 years. If I withdraw I get taxed. Is there any recourse available?
Novice Tax Expert (Business Professional) (60 Points)
21 May 2012I changed my job. The new employer has less than 20 employees and hence does not maintain provident fund. My service with my previous employer was less than 5 years. If I withdraw I get taxed. Is there any recourse available?
PRITAM JAIN, CA , CS
(Practising CA CS)
(398 Points)
Replied 22 May 2012
| Originally posted by : Novice Tax Expert | ||
 |
I changed my job. The new employer has less than 20 employees and hence does not maintain provident fund. My service with my previous employer was less than 5 years. If I withdraw I get taxed. Is there any recourse available? |
 |
Can it be transferred in Public Provident Fund A/c and keep them until the expiry of 5 years. Please confirm with other consultants.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
