I was working for TCS (Tata Consultancy Services) from Dec 2012 to Dec 2015 that is 3 years. I was contributing 100 % EPF (88% VPF and 12 percent mandatory deduction). Hence my taxable salary used to be 1.6 lac only and I was not paying any income tax. Quitting TCS I joined defence forces where we have DSOPF and hence no provision to transfer my PF balance. Now I wish to withdraw the amount in Oct 2018. Since my continuous service is less than 5 years I will have to pay TDS. Can I claim tax refund as my taxable salary was below 1.6 lac during 3 yersy of TCS service?
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Tds on pf withdrawal for years when salary was well below taxable limits
Replies (2)
It's taxable as per current slab only
if you withdraw before 5th year it's taxable but if the withdrawal is made for the purpose of re-investment in another PF account then it's exempted to the extent of re-invested amount
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