Withdrawal of PF amount - is it taxable?

Tax queries 216 views 3 replies

Suppose, I have exited from my current job and started a new one and I've not transferred the PF account from previous to current employer. Two separate PF accounts are there within the same UAN. If I withdraw PF amount of the previous job's account, will it be taxable? ( Service in previous job is almost one year)

Replies (3)
If you withdraw PF before completion of 5 years of service then TDS will be deducted u/s 192A @ 10%, yes it will be taxable
Yes, it's taxable.
If you have joined in the previous company for the first time then PF withdrawal is taxable.

Can you provide your total experience and date of first employment


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