Kindly requested to help urgent

SIDDHARTH KOTHARI (N.A) (280 Points)

26 August 2012  

HI FRIENDS,

MR.X WORKED FOR 4 YEARS (2007 TO 2011) - SAY IN HSBC -ACCOUMULATED BALANCE IN EPF - 10 LACS

AFTER RESINGING FROM THE HSBC MR.X JOINED BNP PARIBAS.THOUGH THE MR X HAS REQUESTED TO BNP PARIBAS TO COMBINE THE BALANCE OF EPF HSBC WITH THEM ......BNP PARIBAS HAS OPNED THE NEW EPF ACCOUNT.

NOW MR X WANTS TO WITHDRAW THE AMOUNT ACCOUMULATED IN HSBC'S EPF ACCOUNT.

WHETHER THE AMOUNT WITHDRWN BE TAXABLE OR NOT EXPLAIN.........??

THANKS IN ADVANCE