Taxability of epf amount

Tax queries 114 views 1 replies

Withdrawel of Provident fund amount after completing 5 years of service is exempt from tax. Here my doubt is whether those 5 years must be under same employer or the assesse can change the employer ?  (i.e., from one employer to other employer)

Note: Assesse is a software employee and he changed the company during that period of 5 years

Replies (1)
Yes,provided 2nd employer also maintains EPF account & employee gets transferred his PF account from 1st employer to 2nd employer


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