My Query:

I worked with company 'A' from Dec, 2005 till Jan, 2008. Then, I worked with company 'B' from Feb, 2008 till Feb, 2011. This makes it more than 5 years of continuous employment. My PF balance from 'A' was transferred to 'B' in the meantime. 

I am now self employed.

Now, if I withdraw my entire PF balance, will there be any tax deducted? If YES, then in what scenario can I avoid tax on my withdrawal?

Originally posted by : Nitin
	My Query: I worked with company 'A' from Dec, 2005 till Jan, 2008. Then, I worked with company 'B' from Feb, 2008 till Feb, 2011. This makes it more than 5 years of continuous employment. My PF balance from 'A' was transferred to 'B' in the meantime.  I am now self employed. Now, if I withdraw my entire PF balance, will there be any tax deducted? If YES, then in what scenario can I avoid tax on my withdrawal?

if your PF account code is same of previous and present employer ( check at your PF office), then no TDS can be made on yourself.

no tds can be made becoz , there is a 5 yrs continious maintanence of account.

if there is any change in a/c , tds may attract

Hi,

Its really an useful link. Thanks to all for sharing the information.

I want some more info reg the following scenario, which I am facing.

1. I joined a company A in Gurgaon in 2007, April and PF (PF1) started accumulating in Delhi Regional office.

2. In 2011, May I joined company B in Bangalore where PF sarted accumulating in Company's trust (PF2). I filled the PF tranfser form 13 and current employer sent the same to the previous employer in 2011, June and then to EPFO. But till now, the transfer did not happen. When I called delhi EPFO, they are saying there is some fault in form 13 but not telling what the fault is.

Now I am deciding to withdraw the 1st PF i.e. PF1 amount by submitting form 19 and 10(c). Since this is April, 2012, its been 5 years since I started the PF1 account. However, there was no contribution to this PF account since April, 2011.

So, if I withdraw the money Now, will there be any TDS cut?

Manisha.

Hi Manisha,

I understand that your first employment was 4 years.. since this amount is not transferred it would be considered that you have not completed 5 years and you are withdrawing your PF from first employer.. hence, tax would be deducted...

Transfers of PF from one state to another state is an issue which is difficult to get resolved..

regards,

IS TDS ON PF REFUNDABLE OR NOT?

Hi, Sir,

               My question is that ,if  TDS deduct  from my salary at the same case employee PF contribution is may  compulsory  or not . plz. guide me  ........

In My Case I worked for a Company having PF Trust

I worked with them for the Period of 4 Year 6 Month and after that I joined Organisation and Transfer the entire Amount in PPF Account .In this New Organisation I worked for 1 Year 6 Month.

I again Rejoined the Company Having PF Trust and Informed my UN Number also.Till date the Amount deducted in my PPF Account with UN Number

After working for 1Year 6 Month I left the Organisation and Withdraw the Money from Trust 

The Total Continuation of Service is more than 6 Years but Inspite of that they have Deducted 10% TDS

Please let me know how can I show this In MY INCOME TAX RETURN AND CLAIM REFUND