Deduction while withdrawing the pf

Hi Guys,

I was planning to withdraw my pf from my first private organizastion  and my total pf amount was there is of Rs 29654.00 , they told me that as you are withdrawing , while withdrawing 30% of your total pf will be deucted , please advise is 30% is total deducted while withdrawing the pf. Please reply.laugh

 

 

 

 

Replies (3)

If PF is withdrawn within 5 eyars from the date of joining the organization and if you leave the organization and withdraw the PF within 5 years then TDS would be made from the PF paid.

Originally posted by : Giridhar S Karandikar

If PF is withdrawn within 5 eyars from the date of joining the organization and if you leave the organization and withdraw the PF within 5 years then TDS would be made from the PF paid.

 

Thanks for reply, I  have send the withdrawn forms today (05/April/2013)and I will get that amount after 30% deduction within 45 days that is at the MAY end (28/05/2013) , then one query is that while filling tax for next AY (next year) do I need to show it.frown

No need to show.  If any query comes afterwards, then we can see that.  And as you will be receiving the money In May13 there's ample of time to file the return for F.Y. 2013-14. So do not worry now.

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