27 May 2014
Hi, Last Year I left my job after working around 3 and half years and withdrew my PF . My employer is having a trust with EPFO and they deduct 30% of the tax on amount = ( Total Amount - Member Contribution ). But my annual income is in the category of 10% . Kindly suggest whether I can go for refund or is this the rule that if you withdraw your PF before 5 years than flat 30% would be deducted.
Many thanks ! Just one confusion i have that my employer deducted 30% though my income was in 10% slab even after adding the PF amount. So it means i can file a refund from IT Deptt.. Please let me know if i am right.
CAclubindia
