My service duration is more than 5 years, during which I have worked in two different companies. I want to withdraw an amount of ₹80,000. Is TDS applicable on that amount or not?
If you are still working in the same company, you can apply for Form 31 (PF Advance). You cannot opt for either Form 19 or Form 10C. You are eligible to withdraw 75% of the total PF balance or 3 months' wages, whichever is lesser.
First of all, you have to get the previous company's PF transferred to your present number, then opt for Form 31. If the employee is contributory, then Form 19/10C settlement is not possible, as it is traced through Aadhaar seeded.
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