POSTED BY December 20, 2012 11:56 am ONE COMMENT
ONHi,
I have worked in company ‘A’ for 3 years , currently working for company ‘B’ since 2.5 years. I want to withdraw my PF .
Please clarify on the below:
a) PF withdrawal is possible only after separation from company ‘B’
b) Only PF loan is possible while serving in the current company.
c) What are the tax implications of withdrawal ?
Thanks,
Zaheer.
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a) No. You can withdraw while working in the company B. But only for house/land purchase, marriege in family, hostpitalisation purpose, etc.
b) Yes
c) No tax for loan. But if you want to withdraw PF before 5 years than it will be taxable. One important point is that if you have changed more than one company in the 5 years you have to transfer your PF from previous company to the current comapny you are working otherwise it is taxable.