Pf withdrawal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2014
What are the options available for PF balance in the following case:
A person has left the organisation after working for 2 years. The PF balance of previous organisation where the person worked for 6 years has not been transferred or withdrawn. Now the person wants to start his own business.
what are the options available for the 2 PF account balances.
Please also provide your input regarding tax implications if any.
A person has left the organisation after working for 2 years. The PF balance of previous organisation where the person worked for 6 years has not been transferred or withdrawn. Now the person wants to start his own business.
what are the options available for the 2 PF account balances.
Please also provide your input regarding tax implications if any.
13 November 2014
you can withdraw both the PF accounts balance. first account which has 6 years terms withdrawal is exempted. 2nd PF balance which has 2years ( below 5 years) is taxable
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