POSTED BY June 12, 2013 4:07 pm ONE COMMENT
ONHi ,
I have done withdrawal of my PF after 6 years for my previous company’s PF account where my Service period was for 4 Yr 11 Mnths 3 Days. Now I would like understand the taxation rules for the amount that has been credited to my Account. (Employers Contribution Amount, Employees Contribution amount and Pension Amount). or The whole amount is tax exempted?
Note: I have done the withdrawal as Transfer was very slow.
Thanks In Advance.
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Dear Kishore, the answer is Yes. you w’d have to pay tax as the total service period is less than 5Y. All amount is taxable.
thanks
Ashal