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 The PF balance of previous organisation where the person worked for 6 years has not been transferred or withdrawn.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 The PF balance of previous organisation where the person worked for 6 years has not been transferred or withdrawn.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.
CMA Ramesh Krishnan
(Expert)
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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