PF withdrawl

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vipin (Querist)
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21 January 2011 Will a person get taxed if he withdraws from his PF account before 5 years for the following purposes :

1. purchase of a house.

2. marriage of a daughter..

Please reply asap..
Thanking You,
Vipin kumra

P.S. : I read an article in economic times saying that for arranging money for the house one can withdraw from the PF account.. It further mentioned that the withdrawl will be subject to tax if done before 5 years, "unless it is for purchasing a house or marriage of a daughter".. just wanted to confirm..

Jayashree S Iyer

Jayashree S Iyer (Expert)
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21 January 2011 Withdrawal from PF is allowed for limited purposes only, viz., purchase / construction of a house, marriage, education, sickness, etc. and the withdrawal is not subject to tax.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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21 January 2011 can someone pls provide me the link

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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21 January 2011 can someone pls provide me the link

Ram Avtar Singh

Ram Avtar Singh (Expert)
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21 January 2011 EPF withdrawal for Marriage of a daughter or purchase of house advance in not taxable. if employee withdrawal all amount Employee contribution not lible for tax

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