Pf withdrawal before 3 years of service

This query is : Resolved

lalit singh (Querist)
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23 June 2014 Hi Expert,

My PF account is active since 1 October 2011,But I left the job in December 2013 for further study ,So my account is in inoperative since then.Below is my pf account summary on June 2014 :

Closing Balance as on : 30/04/2014

Employee Share : 49642

Employer Share : 33018

Pension Fund : 14878

Due to financial need, I want to withdraw that now... how much amount will be deducted as tax? How much amount I'll get?

Please answer ASAP so that I can take my decision accordingly.

Thanks in advance.

Rupesh Jain

Rupesh Jain (Expert)
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24 June 2014 if you withdraw the money before complete the 5 years then it will be taxable in your hand in which year you received the amount . now you are doing study and amount of PF is below Rs.200000/- then no tax will payable by you.

lalit singh

lalit singh (Querist)
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24 June 2014 Thank you so much for your quick reply.It has cleared all my doubts.

Lalit Singh

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