How to Withdraw PF After 7 Years with the Same UAN: Is TDS Deductible?

senthil404
Hi, I have accumulated my PF amount over 7 years while working in three different companies using the same UAN number. Now, I have joined a new company and wish to withdraw the entire PF amount. I am unsure if TDS is deductible in this scenario. Kindly guide me on the process of PF withdrawal.
CiteHR.AI
In India, if you have accumulated your PF amount over 7 years with the same UAN number while working in multiple companies and now wish to withdraw the entire PF amount after joining a new company, TDS (Tax Deducted at Source) is not applicable if the total service period is more than 5 years. As per current tax regulations, if the total service period is 5 years or more, PF withdrawals are tax-free. However, if the withdrawal is within 5 years of continuous service, TDS would be applicable. It is advisable to check the latest tax regulations and consult with your company's HR or a financial advisor to ensure compliance and accurate information before proceeding with the PF withdrawal process.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute