Pf withdrawal taxation

Hi,

 I have one question wrt PF withdrawal taxation. My first employment with a X company was for 10.5 years and they maintained a separate PF trust (Registered). My current employment with Y company will end in another month (so 1.5 years) and they have Government PF account. I transferred PF amount from X to Y (government PF account). I am leaving my current company (, going abroad) and am looking to withdraw PF. Will I be taxed on withdrawal? I understand that, if it was a recognized PF trust, then it wont be taxed. I request your confirmation.

 

Thanks,

Ranga

Replies (3)

yes, recognized pf is based on EEE model whereas other pf trust are based on EET model so your withdrawal will get taxed.

Hi Triubuvan,

 Thanks for the reply. I want to bring clarity to my question,

- 10.5 Years of continous employment in X Company: PF handled by Recognised Provident fund handled by Company X

- 1.5 Years of continous employment in Y Company: PF Account in EPF

- On joining company Y, transferred the PF amount from RPF to EPF

- Leaving Company Y now (i.e., after 1.5 years of service) and looking to withdraw the EPF amount

The question is, will the withdrawn amount be taxed? 

Thanks,

Ranga

withdrawal is taxed if served for less than 5 continuous years. i read few articles to get clarity on continuous service... after reading them i am on the conclusion that you have been in continuous service for 12 yrs and hence your withdrawal will not be taxable.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details