Dear All, I worked and changed my organisation very frequently.
First Organisation - 2 years.
Second Organisation- 5 months.
Third Organisation - 18 months.
Now i have joined new organisation(fourth) and still working. I had transfered my PF a/c from first to second and then on to third organisation. I was not able to transfer my PF account to fourth organisation because they run some private trust so they they informed me that your PF cannot be transferred to trust account.
I decided to withdraw my PF, however as per new finance act, if you withdraw pf before 5 years, TDS is deducted. Request you to please suggest if there is any way, wherein i can withdraw my PF without TDS deduction, because its my money, why shall government deduct TDS on same. My total service form 1st organisation to third is more then 4 years, however its less then 5 years. However since i have not withdrawn the PF as yet.
Regards
Amit Sharma
First Organisation - 2 years.
Second Organisation- 5 months.
Third Organisation - 18 months.
Now i have joined new organisation(fourth) and still working. I had transfered my PF a/c from first to second and then on to third organisation. I was not able to transfer my PF account to fourth organisation because they run some private trust so they they informed me that your PF cannot be transferred to trust account.
I decided to withdraw my PF, however as per new finance act, if you withdraw pf before 5 years, TDS is deducted. Request you to please suggest if there is any way, wherein i can withdraw my PF without TDS deduction, because its my money, why shall government deduct TDS on same. My total service form 1st organisation to third is more then 4 years, however its less then 5 years. However since i have not withdrawn the PF as yet.
Regards
Amit Sharma