Yes, any PF accumulations withdrawn before 5 years of service is taxable. Incase your money is with RPFC then they don’t deduct tax on the same and expect you to add the same in your total taxable income when your file your return and pay tax normally no one does the same hence you can take liberty here….but in case your money is with the trust most of the companies deduct tax at the maximum slab rate…again depend on company to company……hence don’t assume its tax free unless 5 years are over as per Income Tax Act……….
From United Kingdom
3From United Kingdom
Hi, Please check wheather ur company(retail) has paid th pf monthly or not, Once the withdrawl forms submited to the pf office u will get the money with in 90 days min,by check or to ur account.
From India, Hyderabad
From India, Hyderabad
Dear l, transfer it to new PF accounttes If possiable otherwise withdrawn ppf from ppf department . for ppf withdrawn time limit minimum 3 month afetr submit pf form.
From India, Mumbai
From India, Mumbai
Hi Shweta,
First you have to confirm whether P.F. deducted from your salary is deposited in your P.F account by your employer.
If its is deposited then no issues.
Next you have to fill Form 19 & Form 10-C. aLONG with these forms you have to submit 3A for the April 2007- March 2008 and April 2008-till the month you worked.
Regards,
Nimish Joshi
9969526325
From India, Mumbai
First you have to confirm whether P.F. deducted from your salary is deposited in your P.F account by your employer.
If its is deposited then no issues.
Next you have to fill Form 19 & Form 10-C. aLONG with these forms you have to submit 3A for the April 2007- March 2008 and April 2008-till the month you worked.
Regards,
Nimish Joshi
9969526325
From India, Mumbai
Dear Swetha,
It is wise to transfer your PF to the current PF account with the MNC. Accumulating PF service more than 10 yrs will make you/ your family eligible for Pension after 49 yrs of your age.
Dally- HR
From India, Kochi
It is wise to transfer your PF to the current PF account with the MNC. Accumulating PF service more than 10 yrs will make you/ your family eligible for Pension after 49 yrs of your age.
Dally- HR
From India, Kochi
Hi Shewta,
Interesting thread of discussion…and would like to thank the members for sharing their views.
Its has been my experience that transfer of PF accounts takes inordinate delay and if you are need of funds – you may proceed to with the formalities for withdrawl with forms 19 & 10 – C as explained by my colleagues.
Should your withdrawl get delayed more than 45 - 60 days then you can avail the services of the following link to register your complaint.
gov.in
Regards,
Rajat
From India, Pune
Interesting thread of discussion…and would like to thank the members for sharing their views.
Its has been my experience that transfer of PF accounts takes inordinate delay and if you are need of funds – you may proceed to with the formalities for withdrawl with forms 19 & 10 – C as explained by my colleagues.
Should your withdrawl get delayed more than 45 - 60 days then you can avail the services of the following link to register your complaint.
gov.in
Regards,
Rajat
From India, Pune
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc