Tax Treatement of PF Withdrawal
This query is : Resolved
29 December 2010
Hi,
An Employee is working in a Pvt Ltd co, for 7 years, covered under PF, 12% contribution made by both employer & employee. After 7 yrs,he joins another co, transfers the PF amount lying in the previous employemnt to his new PF Account, he continued in service for 2.5yrs in the second employment.
Joins the 3 rd employment, withdrew the pf amount of the previous employment (Both 1 &2), what is the tax treatment for PF withdrawal.
An Employee is working in a Pvt Ltd co, for 7 years, covered under PF, 12% contribution made by both employer & employee. After 7 yrs,he joins another co, transfers the PF amount lying in the previous employemnt to his new PF Account, he continued in service for 2.5yrs in the second employment.
Joins the 3 rd employment, withdrew the pf amount of the previous employment (Both 1 &2), what is the tax treatment for PF withdrawal.
02 January 2011
No tax on PF withdrwal.
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