Tax on PF Withdrawal

Ravi K (Job) (67 Points)

15 March 2014  

Hi, 

I worked in a Company: 2003-2006 (3 years) 

So, my tenure with company was less than 5 years. 
But PF account itself have been there for 10 years now as i did not withdraw till date. 


Now, when i withdraw PF amount in 2013. 
Will this be Taxable? 

 

I am getting mixed responses: 
1. Some say that since employment was less than 5 years, it is taxable. 
2. Some say that since PF account itself was for greater than 5 years (10 yrs in my case) it is not taxable. 

 

 

Please advice. 
Thankyou Experts