I have resigned from a company recently and because of company policy I will get my October month salary in full and final settlement.
1) Till now my salary is not falling in the tax bracket. But if I include October month salary then it comes into the tax bracket. So my question is that will the employer gives me full and final settlement amount after deducting tax or not.
2) Can I withdraw my PF or transfer is the only option and if it is then if I withdraw PF then that amount is taxable or not?
Any help will be highly appreciated. 8th October 2013 From India, New Delhi