Pf query
This query is : Open
07 October 2011
Pls let me know whether in below case tax would be applicable on withdrawal of PF or not?
1)Worked in Co A from Aug 2007 to May 2011. The Co was having its own registered PF trust.
2) Then i moved to another Co B from June 2011 to current. I have dropped my paper & I am on notice period in currect co.
PF amount of my past co has been transferred to currecnt co. Now i want know whether tax would be applicalbe while withdrawing the PF amount from current co.
Current co is not having its own PF trust.
25th of this month is my last working day with co B.
Pls reply asap.
Regards,
Rakesh
1)Worked in Co A from Aug 2007 to May 2011. The Co was having its own registered PF trust.
2) Then i moved to another Co B from June 2011 to current. I have dropped my paper & I am on notice period in currect co.
PF amount of my past co has been transferred to currecnt co. Now i want know whether tax would be applicalbe while withdrawing the PF amount from current co.
Current co is not having its own PF trust.
25th of this month is my last working day with co B.
Pls reply asap.
Regards,
Rakesh
11 October 2011
After contributing for five years (whether in one company or more than one company), you can withdraw the amount tax free. For this after two months of your resignation one form will be signed by your employer & submit this to PF office
11 October 2011
That means i have 2 transfer my pf for 2nd time...rite?
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