Hello Community Members, I joined an organisation A in year Dec-2010 and left it in Aug-2014. In Aug-2014, i joined organisation B. I gave transfer request of my PF accumulation from PF account of A to PF account of B. It was done by mid of 2015. To my surprise, i just checked that EPFO has not transferred the full amount but there is still 20-25% left in that account. After 2016, i received no interest on that and not getting any option for online transfer of this amount to my existing company (probably it is dormant). I have two queries:
- If i withdraw this amount, will i be charged income tax as i worked less than 5 years in company A?
- Will i get the interest on this amount as it was due to EPFO mistake, it was not transferred earlier?
I have opened multiple grievances, but no appropriate reply is provided. They are just saying amount was transferred without checking any detail. I opened RTI, but again got no response.
Any appropriate response from the community members will be highly appreciable.
- If i withdraw this amount, will i be charged income tax as i worked less than 5 years in company A?
- Will i get the interest on this amount as it was due to EPFO mistake, it was not transferred earlier?
I have opened multiple grievances, but no appropriate reply is provided. They are just saying amount was transferred without checking any detail. I opened RTI, but again got no response.
Any appropriate response from the community members will be highly appreciable.