Moving Abroad After 5 Years: How Do I Withdraw My PF and What Documents Do I Need?

Hello, I recently left a company after 4 years and 11 months of service. Now, I am going to relocate to another country for a better position.

PF Withdrawal Process

Can anybody tell me how I can withdraw my PF amount? What are the documents needed, and how much time will it take to process my request?

Thank you,
Roopesh
India

Please contact your HR department. They will ask you to fill out a form in order to withdraw your PF. It usually takes 30-45 days for the PF to be processed and credited to your account. However, please note that if you withdraw your PF before 5 years, then tax is applicable on it.

Thanks,
Sam

Dear Mr. Roopeshtek, I didn't see the provision on income tax for before completing 5 years in PF. But I shall quote TaxGuru, the leading tax consultant site via http://taxguru.in [i]<link fixed></i> as under.

"Withdrawal of Provident Fund may attract Income Tax. The Income Tax Department recently told EPFO (Employees Provident Fund Organisation) to deduct Tax (TDS) from the withdrawal amount if the withdrawal happened before completing five years of subscription. Tax officials have cited a rule in the 1961 Income-Tax Act that taxes PF withdrawals by employees before completing five years of contributions into the EPF are taxable."

From their posting, it may be learned that for tax exemption, 5 years of contribution is required. However, you may try to withdraw the amount after 5 years.

Regards, Abbas.P.S

PF Withdrawal Process

Please submit PF withdrawal forms whenever you decide, with proper acknowledgment. The designated authorized HR personnel must attest and submit the attested form to the concerned PF office within 5 days.

You can withdraw your PF by simply filling out Form 19 and Form 10C, obtaining the employer's signature, and submitting it to the PF office. You will receive your PF amount in your bank account within 45 days after submitting the PF forms.

Documents Required

- Nationalized Bank Account
- Cancelled Cheque
- PAN Card
- Aadhaar Card
- Form 19
- Form 10C

If you have any queries, please let me know.

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Regards,
WeGiveSolutions Business Services and Consultancy LLP.
Mumbai-Pune

The EPF deductions are exempt from income tax. Is it mandatory that the deduction shall be for 5 years? I have confusion on this point: whether the contribution shall be for 5 years or only TDS exemption will be allowed if the withdrawal will be after retaining the PF amount in your PF A/C for 5 years. If withdrawal will be after 5 years, then from which date can the 5 years be taken? From the date of eligibility or from the date of the last deduction? I shall be grateful if this matter may be clarified.

With Regards,
N.K SHARMA