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Income tax calculation on Provident Fund(PF) withdrawal
15-02-2012, 06:46 PM
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Shweta Offline
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Income tax calculation on Provident Fund(PF) withdrawal
I've changed my company. I want to withdraw my PF from the last company. Do I need to pay income tax on the PF withdrawal?
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15-02-2012, 07:27 PM
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RE: Income tax calculation on Provident Fund(PF) withdrawal
For how long was last PF account maintained?
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18-02-2012, 11:49 AM
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RE: Income tax calculation on Provident Fund(PF) withdrawal
It is six years in the last company.
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19-02-2012, 12:21 PM
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RE: Income tax calculation on Provident Fund(PF) withdrawal
If the PF was maintained with PF Commissioner then it'd be tax free after 5 years. But if it was maintained with private trust then, it seems it'd be fully taxed.
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