30 August 2013
If a person has worked in a company for 3 years 2004-2007 (applicable slab was 10 %) and he moved to another company at the end of 2007 but didn't withdraw the amount of Provident Fund. Now in 2012-13 financial year, that amount has been withdrawn. Now, this amount is taxable for sure but I am not sure what will be the tax slab percentage. Current slab is 30% for this person. Also, we don't have the PF statements stating the employee contribution and employer contribution and relevant interests. Can you please clarify the tax treatment on the amt of provident fund received.