Tax on pf withdrawal

Hi,

I am in a process of PF amount withdrawal for my total service of 8 years.

I have worked for about 7 years in my first organization & joined another organization to which i got transferred the PF amount contributed during my service in first organization,

I have left the second organization after 11 months which goes to a total service near to (7+1) 8 Years,

Has I am not working in any organization from last 1 year instead doing own business outside India, Hence I am in a process of withdrawing the PF amount contributed for 8 years, PF office of second organization is explaining me that there will be deduction of 30% towards income tax + 3% service charges on total PF amount contributed (including PF contribution of First organization) as I have less than 5 years’ service in second organization.

Please clarify will this 30% income tax will be applicable in the above case, if not what will be the actual tax & service tax applicable.

Many Thanks

Replies (2)

hi naveen refer the page no 7 of the pdf file i am enclosing

HI...Total service should be 5 years inclusive of previous employer, if RPF is continued under new employer too....Thanks

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