Assistant Engineer, Indian Telephone Industries,
Assistant Section Officer

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network

Around 3 months back i left my employer and on my last day i had completed 4 years 11 months and 14 days in that organisation. As i moved to a govt organisation so i need to withdraw my EPF. So i have few queries if someone can help me out:

1. As i have not completed 5 years ( heard that if tenure is 5 years then no deductions are done in case of withdrawal) by the last day in organisation so would the complete amount be provided to me or some deductions will be done when amount is withdrawn? If yes then how much?

2. As you can see i was just 15 days short of completing 5 years so the time ( past 3 months) will also be included in the tenure and help me complete the 5 year duration?

3. What is the time duration till which i can keep money in my EPF and still get the interest getting paid to me?

4. Suppose i decide to keep my amount in my EPF account ( do not withdraw) for around 2 years and in the mean time my previous organisation shuts down then does it somehow risk my contribution to EPF or that will remain secured?

Himanshu Dabas

From India, New%20Delhi
Dear Mr.Himanshu Dabas,
1. If service is below 5 years, Income Tax is applicable on PF / Pension fund withdrawal. To avoid IT deduction, you may transfer the service to club with future services.
2. I am not clear with the 2nd point.
3.After relieving from PF service, you will get interest for 36 months further.
4. Kindly contact the Sub Regional PF Office.

From India, Bangalore
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™