Need suggestions for withdraw/transfer pf

The five year period is considered from the perspective of five years of continuous employment. If you left the employment before completion of five years but joined a new employer and got your existing PF amount transferred to the new employer, then the tenure with the new employer is also counted for the five years of continuous employment.

If you are not satisfying any of the above conditions, then the amount lying to your credit in the PF account is taxable. The taxability would be as follows:

Your contribution to PF: Not taxable

Interest on your PF contribution: Taxable under the head 'Income from Other Sources'.

Employer's contribution and interest thereon: Taxable under the head 'Salaries'.

Though TDS may be deducted from the amount being disbursed to you, it would be advisable to do your own working and determine the actual tax.

Moreover, you would be eligible for relief under section 89(1) as far as your tax liability is concerned.

Thanks for your reply..

Now If i transfer the account to my new employer private charity from govf Pf office. suppose If i terminate my service after one year then from current employer, then later it will consider as the service is completed for 5 years ( old employer - 4yrs, nwe employer - 1yr) and i can withdraw without any tax.

Is there any way like.. without transfer the account to my new employer and instead of withdraw now, after one year ( totally 5 years)  if I with draw the money.. can i get the tax exemption.. but for next 1 year the Pf account will be inactive.. is it possible?

Now If i transfer the account to my new employer private charity from govf Pf office. suppose If i terminate my service after one year then from current employer, then later it will consider as the service is completed for 5 years ( old employer - 4yrs, nwe employer - 1yr) and i can withdraw without any tax.

Yes

Is there any way like.. without transfer the account to my new employer and instead of withdraw now, after one year ( totally 5 years)  if I with draw the money.. can i get the tax exemption.. but for next 1 year the Pf account will be inactive.. is it possible?

No it is not count in contineous service, hence liable to pay tax.

But wait for expert comment on that  .