Indian Working Women Forum
Income tax calculation on Provident Fund(PF) withdrawal - Printable Version

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+--- Forum: Income Tax & Finance for Working Women (/Forum-Income-Tax-Finance-for-Working-Women)
+--- Thread: Income tax calculation on Provident Fund(PF) withdrawal (/Thread-Income-tax-calculation-on-Provident-Fund-PF-withdrawal)



Income tax calculation on Provident Fund(PF) withdrawal - Shweta - 15-02-2012 06:46 PM

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?


RE: Income tax calculation on Provident Fund(PF) withdrawal - admin - 15-02-2012 07:27 PM

For how long was last PF account maintained?


RE: Income tax calculation on Provident Fund(PF) withdrawal - Shweta - 18-02-2012 11:49 AM

It is six years in the last company.


RE: Income tax calculation on Provident Fund(PF) withdrawal - admin - 19-02-2012 12:21 PM

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.