I have served my previous company for 9 yrs 5 months then within 5 days i joined a new company in Feb 2015. I filled my PF form in June 2015. Now I have got the documents back from my previous company and they want me to fill form 15G. I have no other source of income like Interest, Dividend from Shares, Mutual funds or NSS as mentioned in column 22 on the form. I have 2 questions. A) Can I withdraw my PF as I have joined new company within 5 days. B) Is form 15G supposed to be filled as I have no other income as mentioned in column 22? Any help from you would be appreciated. Thank you.
Regards,
IT
From India, Mumbai
Regards,
IT
From India, Mumbai
It is against the rules if you withdraw the PF balance of an earlier job while you are still employed.
You can withdraw the PF amount only when you don’t have any job for more than 2 months and you are not going to get a job. According to the present rules you can’t withdraw PF amount within 2 months of leaving the service. You joined a new job within 5 days.
This is the basic rule of EPF.
From India, Pune
3131You can withdraw the PF amount only when you don’t have any job for more than 2 months and you are not going to get a job. According to the present rules you can’t withdraw PF amount within 2 months of leaving the service. You joined a new job within 5 days.
This is the basic rule of EPF.
From India, Pune
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PF Withdrawal form.doc
PF Form 19 - PF Withdrawal.pdf