Hi,
Can anyone tell me whether the PF withdrawn before completion of 5 years service is taxable. What does the act says regarding the taxation on withdrawl.
An insight into this would help.
regards
Parul PArmar
From India, Mumbai
Can anyone tell me whether the PF withdrawn before completion of 5 years service is taxable. What does the act says regarding the taxation on withdrawl.
An insight into this would help.
regards
Parul PArmar
From India, Mumbai
167
Hi Parul,
If your PF account is maintained by EPFO, under any circumstances PF withdrawal is not taxable.
If your PF account is maintained by PF trust, then it depends on trust rules.
Please check with your organization before you apply for PF withdrawal.
Thanks and regards,
Sunitha.
From India, Madras
If your PF account is maintained by EPFO, under any circumstances PF withdrawal is not taxable.
If your PF account is maintained by PF trust, then it depends on trust rules.
Please check with your organization before you apply for PF withdrawal.
Thanks and regards,
Sunitha.
From India, Madras
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PF Withdrawl.doc
Trouble Ahead_ I-T Dept Tells EPFO to Tax Premature PF Withdrawals.pdf