Hi, I have resigned my Job last week, i was working in this company for six years. Please advise whether I can with draw my PF amount. Whether there will be legal issues if i withdraw.
From India, Chennai
From India, Chennai
Dear Imran,
No issues at all. PF withdrawal after 5 years of continuous contribution is exempted from tax. Hence, you can withdraw the amount without any tax liability. To initiate the withdrawal process, you can apply using form 19 and form 10C and submit them to your ex-employer. However, if your UAN is linked with Aadhar card and a bank account, you can directly deposit the withdrawal forms to the PF commissioner's office.
I hope this information helps.
Best regards,
[Your Name]
From India, Delhi
No issues at all. PF withdrawal after 5 years of continuous contribution is exempted from tax. Hence, you can withdraw the amount without any tax liability. To initiate the withdrawal process, you can apply using form 19 and form 10C and submit them to your ex-employer. However, if your UAN is linked with Aadhar card and a bank account, you can directly deposit the withdrawal forms to the PF commissioner's office.
I hope this information helps.
Best regards,
[Your Name]
From India, Delhi
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