I was working in bigger companies for past 15 years and have accumulated PF savings of Rs. 10 lakhs. This year I was asked to leave my organization due to downsizing and I had to join a startup company having only 20 employees. The startup where I am currently working is not providing PF. How to raise complaint and get the startup to provide PF? If this is not possible, is there chance I can withdraw my savings of Rs. 10 lakhs without paying additional taxes to government?
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Company not paying PF
You can complain to PF authorities and action will be quick.
But remember your job will be in danger.
Contribution towards an EPF account provides a benefit to individuals by way of a deduction under Section 80C.
https://cleartax.in/s/pf-balance-withdrawal-incometax
You may refer the link and decide carefully after reading the term 5 years continuous service.
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