Pf Withdrawal Applicability After Attaining The Age Retirement

Dear Sir,
An employee after attaining the age of retirement wants to withdraw his full PF amount with immediate affect. Is there any rule to withdraw the amount with immediate affect & not to wait for two months after retirement from establishment.
Akhilesh Tripathi

I retired from a nationalised bank on 31.03.2009.I was paid my and banks contribution to PF on 09.04.2009. Is pf withdrawn on retirement is taxable or free from income tax . Please quote the relevant income tax section/ rule

Dear Akhilesh
Mr.Arun is right. There is no waiting period of two months for employees who attain superannuation. Even it is possible to handover the PF cheque on the date of superannuation. There are provisions and we can submit all the relevant documents well in advance to the PF authorities and settle the PF dues on the date of retirement.
Regards
Kalyan R
AGM - Personnel
Sundram Fasteners Ltd
Madurai
9840942232