provident fund withdrawal
This query is : Resolved
Rajesh Kumar
(Querist)
28 August 2009
I was working with a pvt sector bank for 3 years ( 2002-2005) after which i left and joined some other company/companies.
PF was being deducted in the bank but not in other company. Now i have left that job ( unemployed for almost 6 mths now) and want to withdraw my PF from the bank. I have the following queries :
1. Will I get 100% PF withdrawal or
2. tax will be deducted
Regards
PF was being deducted in the bank but not in other company. Now i have left that job ( unemployed for almost 6 mths now) and want to withdraw my PF from the bank. I have the following queries :
1. Will I get 100% PF withdrawal or
2. tax will be deducted
Regards
KRISHNA KUMAR R C
(Expert)
28 August 2009
if the pf has been contributed by your previous employer to the PF maintained by EPFO then the amount withdrawn from the same will be exempt from tax.
Rajesh Kumar
(Querist)
28 August 2009
i spoke to the bank official...they are saying that if the services were less than 5 yrs with them then tax deduction is
applicable.... is it possible
applicable.... is it possible
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