Dear Sir,
An employee after attaining the age of retirement wants to withdraw his full PF amount with immediate effect. Is there any rule to withdraw the amount with immediate effect and not to wait for two months after retirement from the establishment.
Akhilesh Tripathi
From India, Delhi
Acknowledge(0)
Amend(0)
An employee after attaining the age of retirement wants to withdraw his full PF amount with immediate effect. Is there any rule to withdraw the amount with immediate effect and not to wait for two months after retirement from the establishment.
Akhilesh Tripathi
From India, Delhi
Acknowledge(0)Amend(0)
I retired from a nationalized bank on 31.03.2009. I was paid my and the bank's contribution to PF on 09.04.2009. Is PF withdrawn on retirement taxable or free from income tax? Please quote the relevant income tax section/rule.
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Akhilesh,
Mr. Arun is correct. There is no waiting period of two months for employees who attain superannuation. It is even possible to hand over the PF cheque on the date of superannuation. There are provisions, and we can submit all the relevant documents well in advance to the PF authorities and settle the PF dues on the date of retirement.
Regards,
Kalyan R
AGM - Personnel
Sundram Fasteners Ltd
Madurai
9840942232
From India, Madras
Acknowledge(0)Amend(0)
13Mr. Arun is correct. There is no waiting period of two months for employees who attain superannuation. It is even possible to hand over the PF cheque on the date of superannuation. There are provisions, and we can submit all the relevant documents well in advance to the PF authorities and settle the PF dues on the date of retirement.
Regards,
Kalyan R
AGM - Personnel
Sundram Fasteners Ltd
Madurai
9840942232
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Tax on premature PF withdrawal.pdf
Income Tax Calculator.xls