I changed my job. The new employer has less than 20 employees and hence does not maintain provident fund. My service with my previous employer was less than 5 years. If I withdraw I get taxed. Is there any recourse available?
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Provident fund transfer
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| Originally posted by : Novice Tax Expert | ||
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I changed my job. The new employer has less than 20 employees and hence does not maintain provident fund. My service with my previous employer was less than 5 years. If I withdraw I get taxed. Is there any recourse available? |
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Can it be transferred in Public Provident Fund A/c and keep them until the expiry of 5 years. Please confirm with other consultants.
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