EPF related

POSTED BY Naveen ON May 25, 2012 11:43 am COMMENTS (2)

Lately, I changed my company after 4 years of service and have not yet transferred/withdrawn my EPF amount. I have following queries:

1) In case I decide to withdraw the amount:
– I believe I can withdraw both PF amount as well as pension amount. Pls confirm.
– What is the tax liability in this case ? Tax is deducted at flat 10% rate and I need to tax as per my slab?

2) In case I decide to transfer the amount:
– Can I transfer only my PF amount and withdraw my pension amount?
– I am aware that this takes months/years so is there a way (agent preferable) to follow-up for quick transfer?

Pls Note that my earlier company EPFO office is based out of Thane and new one it based out Gurgaon.

2 replies on this article “EPF related”

  1. Dear Naveen, a better option ‘ll be to approach to your current employer & file for transfer of old PF through new employer.

    Thanks

    Ashal

  2. Yes you can withdraw and transfer both . There is no fast way of doing it, but you can use RTI to follow up these things faster

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