I have worked in a company for 3 1/2 years. I have recently changed the company.
If I withdraw PF of my previous company, will it attract tax or will I get the full amount ?
First you should consider the following:
Now if such wothdrawal is aloowable....then you can withdraw Money from your PF a/c and there will be NO deduction of tax if it is RECOGNISED....
however in case of an UNRECOGNISED PF such withdrwal shall be liable for Deduction of Tax at Source as per the provision of the Income tax act for the relevant assessment year
Replied 21 May 2010
the balance after withdrawal will be ransferred to PF with new employwer