TDS On PF Withdrawal [Thread 171072]

Anandrao
Hi,
For 2 years my pf was with Govt EPFO and later on i changed the job and it was transferred to the pf trust account maintained by new employer. I worked for 4 years and now i want to withdraw the PF amount. I want to know that is the above services rendered will be considered as continues services of more than 5 years and TDS not deducted while processing my pf amount.
Regards
Anand
malikjs
dear
i have not read anywhere if pf accumulation is more than five years no tax will be payable on it .if anyone has confident or has some ruling pls forward ruling.
in my view all pf withdrawn before supernuation is taxable.
regards
j s malik
arun bhardwaj
Mahesh Padmanabhan answers, PF withdrawal is not taxable only if a person has been in continuos service for 5 years. In your case if you have had PF balance from your previous employer then such balance should have been transferred from your previous employer to your current employer and the period of service of both employers would need to be aggregated to check if you have completed 5 years of continuous service.
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