Dear All,
Can anybody share the guidelines on TDS at the time of settlement viz a viz tax free period calculation for PF. I worked in two organisations from 1/7/2002 and left the last settlement on 02/04/2007, whereas my PF remained with last employer (having PF Trust) till date and was settled for payment on 30/5/2012. I have also worked in some other organisation from 2/4/2007 till 01/06/2008 but PF couldn't get transferred due to delay at employers end though reminders were sent. Kindly advice whether the TDS will be applicable on it or the final amount will be exempted from it, whereas my previous company has deducted TDS on it.
Regards
Asheesh
Can anybody share the guidelines on TDS at the time of settlement viz a viz tax free period calculation for PF. I worked in two organisations from 1/7/2002 and left the last settlement on 02/04/2007, whereas my PF remained with last employer (having PF Trust) till date and was settled for payment on 30/5/2012. I have also worked in some other organisation from 2/4/2007 till 01/06/2008 but PF couldn't get transferred due to delay at employers end though reminders were sent. Kindly advice whether the TDS will be applicable on it or the final amount will be exempted from it, whereas my previous company has deducted TDS on it.
Regards
Asheesh