Pf taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2014
A person has worked for an organization for 6 years and than in another for 2 years. Now after a gap of 10 months, he has joined new organisation. The PF balance of 1st employer was not transferred to 2nd employer.
1. Now if the PF balance of 1st and 2nd employer are transferred to the new employer will it be considered as "continuous service" for pf taxation?
2. Does the gap of 10 months between 2nd and 3rd employment have any implications? The gap was taken to start some business.
1. Now if the PF balance of 1st and 2nd employer are transferred to the new employer will it be considered as "continuous service" for pf taxation?
2. Does the gap of 10 months between 2nd and 3rd employment have any implications? The gap was taken to start some business.
19 November 2014
Without any tax implication the two pf balances can be transferred to new employer. There is no need of continuous service.
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