Hi - Last month I switched company I work for. My previous company was depositing pf and I have UAN for that as well. Current company do not deposit pf. What should I do with my pf account now?
Triven (Software) (18 Points)
10 January 2017Hi - Last month I switched company I work for. My previous company was depositing pf and I have UAN for that as well. Current company do not deposit pf. What should I do with my pf account now?
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 10 January 2017
Assuming that the provisions of PF Act does not apply to your current employer, you may withdraw the balance. Such proceeds (as applicable) would be taxable provided exemption provisions are not applicable. Alternatively, you may wait for 3 yrs and then transfer or withdraw because after 3 years, no interest would be earned on the balance.
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