Hi Sir,
I came to know that there is Tax imposed for premature PF Withdrawals (Before 5 Years). I have contributed to PF 4 Years and 9 Months (Sep 2009 to Jun 2014 through 3 different employers). If I withdraw the PF amount now, will it attract any Tax. If Yes, please help me understand it.
Thanks in advance.
.
[EPFO has issued a circular reg. instructions for deduction of TDS on withdrawal from PF w.e.f. 01.06.2015. Circular No. WSU/6(1)2011/IT/Vol-IV/5931, dated 21.05.2015. Relevant extract is given above.]
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