I have been contributing to EPF for 4 years and 8 months through an employer. Now that I switched my job to another employer who does not deduct any PF as the employer can decided not to deduct PF if the basic salaries of all the employees are more than Rs 6500. I thought of transferring my PF from previous employer to current employer so that my PF account wuld have been more than 5 years, but came to know that my new employer does not deduct PF only after joining :(
I have been going through various posts which says that PF account with continuous contribution of 5 years and above will not incur any tax during withdrawal.
Can someone help me out with suitable steps to withdraw my PF from my previous employer without incurring any tax?
Thanks,
Balaji
I have been going through various posts which says that PF account with continuous contribution of 5 years and above will not incur any tax during withdrawal.
Can someone help me out with suitable steps to withdraw my PF from my previous employer without incurring any tax?
Thanks,
Balaji