Implications of income tax on pf withdrawal
Querist : Anonymous
I joined a company in Mar 2006 and resigned in May 2009 (served less than 5 yrs).
I opted for withdrawal of my PF balance in Sept 2011 (after completion of 5 yrs from date of joining the company)
I received an amount which is very much lower than what I have accumulated in that account.
Does it mean that PF office deducted TDS on PF withdrawal ?
Does this PF withdrawal attracts income tax (withdrew after 5 yrs)?
Thanks in Advance for the reply
The service is to rendered for 5 years.You should approach the PF office in this regard, they must have deducted the TDS on such amount.
Querist : Anonymous
In that case, what will be the IT implication?
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