Abbasiti
Assistant Engineer, Indian Telephone Industries,
Punitw
Software
+2 Others

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Hi
I would like to have a guidance on PF transfer and withdrawal.
I worked for a company in Noida for 2 years and my PF account is dormant now.
I worked for another company in Bangalore for 4 years. I did not get my PF account transferred. I left Bangalore company 3 years back and I am currently working outside India.
Now I want to withdraw my PF balance. I thought that if I transfer my balance from Noida to Bangalore then I can withdraw from Bangalore without TDS.
But my ex employer in Bangalore is telling me that I cannot transfer my Noida balance to Bangalore now since I am not working for Bangalore company now.
I don't want to pay heavy TDS.
What are the options available?
Thanks in advance

Dear Punitw,
According to me the only option to get Income Tax exemption is to join with a PF applicable service and transfer the EPF both previous services by submitting separate forms viz. form 13 to the previous RPFC offices through your present employer.
Abbas.P.S

Thanks Abbas, I don’t the option of joining any company in India and thus getting both accounts transferred. If I withdraw, will there be TDS? Is TDS a standard practice on PF withdrawal?
TDS will not attract on EPF. You shall withdraw the EPF without any Direct or Indirect Tax deductions Regards, Ganesh.H.N Bengaluru
If you withdraw before 5Y TDS can be applied.... You may log on to www.epfindia.gov.in download the directory and speak to PRO/APFC
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