Hi,
I would like to know if there is any tax on withdrawing R-PF from previous employer after 5 years.
Important point to note: I joined the previous organization way back in June 2007 and resigned in November 2009, since then my PF account is lying as is and there is no activity in it. They say its a dead account and I need to do few more formalities to withdraw the amount. Few more formalities aren't my concern, the concern is if the withdrawal will be taxable or not...or should I wait from June to complete the 5 years of joining my previous organisation/5 yrs of opening my previous RPF?
Regards,
Wisdom123
I would like to know if there is any tax on withdrawing R-PF from previous employer after 5 years.
Important point to note: I joined the previous organization way back in June 2007 and resigned in November 2009, since then my PF account is lying as is and there is no activity in it. They say its a dead account and I need to do few more formalities to withdraw the amount. Few more formalities aren't my concern, the concern is if the withdrawal will be taxable or not...or should I wait from June to complete the 5 years of joining my previous organisation/5 yrs of opening my previous RPF?
Regards,
Wisdom123