Eligibility criteria for epf withdrawal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2013
What is the eligibility criteria for EPF withdrawal if we want to purchase a new flat? Does it vary from company to company? I have recently joined a new company and tranferred my 8 year of EPF to my new company. Since I am member of EPF from more that 5 years shall I be eligible for EPF withdrawal?
PS: I have changed 2 companies in last 5 years but PF was transferred and never withdrawn.
PS: I have changed 2 companies in last 5 years but PF was transferred and never withdrawn.
Rupesh Jain
(Expert)
20 July 2013
YOU CAN WITHDRAWN AMOUNT OUT OF EPF IF YOU WITHDRAWN BEFORE 5 YEAR THEN WITHDRAWN AMOUNT WILL INCLUDE IN YOU INCOME.
IN YOUR CASE YOU HAVE MORE THAN 5 YEARS
THEN NO AMOUNT TAXABLE IN YOUR HAND.
ELIGIBILE CRITERIA NOT FOR COMPANY.
PF AMOUNT IS YOURS
YOU CAN WITHDRAWN WHEN YOU REQUIRED
IN YOUR CASE YOU HAVE MORE THAN 5 YEARS
THEN NO AMOUNT TAXABLE IN YOUR HAND.
ELIGIBILE CRITERIA NOT FOR COMPANY.
PF AMOUNT IS YOURS
YOU CAN WITHDRAWN WHEN YOU REQUIRED
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