|
| This query is : Resolved
|
|
Balaji Subramaniam
( Author )
31 May 2012
|
Hello CA Club
1. If I withdraw my PF during 2012 (I worked for less than 5 yrs) shall I have to pay any TAX? If so how much?
2. If I Transfer my PF to my new Employer ---any Tax I have to pay or not?
3. If I Transfer (my friend is saying) it will take more than 10 months to get transferred to the New Employer? Is it true? How long it will take?
4. If I withdraw my PF -In the PF Withdrawal Form- Shall I sign declaration of non-employment? Or not
Thank you
Regards
Balaji Subramaniam
|
|
|
|
Kishore B
( Expert )
31 May 2012
|
1. You have to pay tax.
Rate depends your salary slab.
2. No tax is payable on such transfer.
|
|
|
|
Kishore B
( Expert )
31 May 2012
|
3. Transfer procedure is initiated and followed up by the new employer. Duration could few months.
4. One can mention any reason for withdrawing PF.
|
|
|
|
|
Previous
Next |
|
You need to be the querist or
approved
CAclub expert to take part in this query .
Click here to login (
 ) now
|
| Similar Resolved Queries : |
|
|
|
