Is recognised PF withdrawl with in 5 years is taxable.
This query is : Resolved
VIKASH BHALOTIA
(Querist)
06 October 2008
I have been worked 9 month in one company. now i have resigned from that company & want to withdraw employer cont. & Employee cont. to withdraw wheather it is taxable.
Ram Avtar Singh
(Expert)
06 October 2008
no tax liability because its already computed at the time of salary drawn.
CA V. Mohanakrishnan
(Expert)
06 October 2008
if you have not been in employment for 5 years either with a single employer or with more tan one employer where the pf balance is accumulated, then withdrawal is taxable to the extent balance attributable to employers contribution.
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