Dear kunalsablok,
Since your service period is two years therefore you are eligible for pension amount withdrawal.
In your case it is better for you, complete your notice period service,fill PF and EPS
withdrawal forms and submit to the present employer for forwarding to the PF authorities, (eligibility for PF and EPS withdrawal is two months from the date of leaving).
The transfer of PF Accumalation takes very long period of time.(even years)
But if you want, You can also withdraw PF accumulations and can transfer your EPS accumulation to your newely joined company
The withdrawal of PF amount is totally tax free income and no income tax is deductable under the Income Tax Act.
Regards
naresh
Since your service period is two years therefore you are eligible for pension amount withdrawal.
In your case it is better for you, complete your notice period service,fill PF and EPS
withdrawal forms and submit to the present employer for forwarding to the PF authorities, (eligibility for PF and EPS withdrawal is two months from the date of leaving).
The transfer of PF Accumalation takes very long period of time.(even years)
But if you want, You can also withdraw PF accumulations and can transfer your EPS accumulation to your newely joined company
The withdrawal of PF amount is totally tax free income and no income tax is deductable under the Income Tax Act.
Regards
naresh