Tax on pf withdrawal
This query is : Resolved
22 September 2015
Hi Sir,
If a person renders service for 3 years and 7 months; but does not withdraw the PF immediatley; he withdraws after another two year (total time in PF 5 years and 7 months), will such withdrawl be taxable (as he is withdrawing after 5 years) under current law?
Thanks
Harish
If a person renders service for 3 years and 7 months; but does not withdraw the PF immediatley; he withdraws after another two year (total time in PF 5 years and 7 months), will such withdrawl be taxable (as he is withdrawing after 5 years) under current law?
Thanks
Harish
22 September 2015
It is taxable, 5 years contribution is required for pf exemption.
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