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PF Withdrawls

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Harshada Korde

ACA

47 Points Posted on 27 August 2021

Hello,

An employee worked with a company for 3.5 years and then with another company for 2.5 years. After that withdrew PF. Is that PF is taxable? Since total service is more than 5 years.

Kindly guide.

Thanks

Replies (2)

Quick Summary

This discussion explores whether an employee's Provident Fund (PF) withdrawal is taxable. The employee has a total service of 6 years across two companies (3.5 years + 2.5 years). The key question is whether this PF is considered a recognised provident fund and if the withdrawal is taxable, especially since individual service periods were less than 5 years.