Tax on Withrawal of Provident Fund
I was working with a company in India for 2 yrs 7 months. This was my first ever job. After this I moved to London,UK and joined a company here. Now I want to withdraw my PF from India. Will the pf I withdraw be taxed? If yes at what rate?
Please help me to understand following:
1) PF withdrawal is taxable in India - is it true if the PF trust complies/registered under Part A - Schedule IV to the Act?
2) Mere fact that the ex-employee is outside India - It will affect the taxability of PF in her name assuming PF trust is recognized.
3) Is there any time limit upto which withdrawal is not permissible or if withdrawn then may affect taxability?
Awaiting for your expert opinion.