I have a query which I had raised in this forum earlier.
1) If i am unemployed for two months or more, is the PF withdrawn from earlier company taxable even if I have not completed 60 months / 5 years ??
2) Lets say a person works for company A for x months then joins company B and gets his PF transferred to company B, works there for several months. He then leaves company B and wants to withdraw the PF. In this case whether the total tenure ( A+B) would be calculated or only the tenure with company B would be calculated for tax exemption ??
Regards
Saurabh
From India, Mumbai
1) If i am unemployed for two months or more, is the PF withdrawn from earlier company taxable even if I have not completed 60 months / 5 years ??
2) Lets say a person works for company A for x months then joins company B and gets his PF transferred to company B, works there for several months. He then leaves company B and wants to withdraw the PF. In this case whether the total tenure ( A+B) would be calculated or only the tenure with company B would be calculated for tax exemption ??
Regards
Saurabh
From India, Mumbai
Mr.dibyendu, Employees can contribute to pf BUT EMPLOyers contribution will not go to pension fund. It will directly reflects on A/c No. (I,e employees contribution)
From India, Hyderabad
From India, Hyderabad
63Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF Withdrawl.doc
Trouble Ahead_ I-T Dept Tells EPFO to Tax Premature PF Withdrawals.pdf