Dear Friends & Seniors, Is any deduction made towards Income Tax in case of withdrawing the PF from the Regional P.F. office? If yes, what criteria are used for the same? Kindly revert.

Regards,
Nandkumar

From India, Pune
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Dear Kumar No deduction would be made towards Income Tax in case of withdral of provident Fund amount from the Employees' Provident Fund Organistion because it is a social security.
From India, Gurgaon
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Presently it is tax free but the Income Tax department has put a note that PF withdrawal before a certain time period (say, 5 years) should be made taxable. Regards, Madhu.T.K
From India, Kannur
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