Hello there,
I have total of 4.5 years of job experience.
Job 1) 3 years
Job 2) 1.5 years
There was not gap between job 1 & 2, and PF was transferred to new companies PF account.
But after 1.5 years at job 2, company closed, but on good faith, we were given time to gracefully resign (i.e. no termination from company side)
Currently I don't have any job. My 4.5 years of experience ended on Feb, 2015.
Now, my question is, will the PF withdrawal after Aug 2015 (i.e after completing 5 years since first PF submitted) will have tax liability?
I have total of 4.5 years of job experience.
Job 1) 3 years
Job 2) 1.5 years
There was not gap between job 1 & 2, and PF was transferred to new companies PF account.
But after 1.5 years at job 2, company closed, but on good faith, we were given time to gracefully resign (i.e. no termination from company side)
Currently I don't have any job. My 4.5 years of experience ended on Feb, 2015.
Now, my question is, will the PF withdrawal after Aug 2015 (i.e after completing 5 years since first PF submitted) will have tax liability?