How Can I Best Handle My PF Withdrawal or Transfer After Leaving My Job in Ahmedabad?

I'm Baburam Choudhary. I joined in September 2012 and will be leaving in November 2014 from a company. Now, I want to withdraw my PF from the old account. Can I withdraw the full amount with all (my employee contribution + employer contribution + pension contribution) in my bank account? Alternatively, can I transfer everything (employee contribution + employer contribution + pension contribution) to my present PF account? Which option is better for me without any losses? Kindly suggest.

To make an informed decision between withdrawing or transferring your PF, consider the following:

1. Withdrawing PF:
- You can withdraw the full amount from your old PF account, including employee, employer, and pension contributions.
- The withdrawal is subject to tax implications, especially if withdrawn before completing 5 years of continuous service.
- Immediate access to funds but potential tax deductions and loss of long-term savings benefits.

2. Transferring PF:
- Transferring the PF to your present account is advisable to retain tax benefits and continue saving for retirement.
- No tax implications when transferring to a new PF account.
- Helps in consolidating your PF accounts and tracking retirement savings efficiently.

Recommendation:
- If you have a stable job and wish to continue saving for retirement, transferring the PF is a better option.
- For short-term financial needs or if you don't plan to work continuously for 5 years, withdrawing may be suitable.
- Consult with your HR department or a financial advisor for personalized guidance based on your specific circumstances.