Hi,
I got stuck with PF procedures. Please guide me.
1. I worked for company A for 2 years and then shifted to company B. I gave a PF Transfer Application from company B. Funds are still not transferred, but I changed my job again to company C. Now, since the PF office has received the transfer application from B, how can I handle it in company C? Should I give a transfer application of PF from A and B in company C?
2. Can I withdraw PF of company A directly?
3. For tax exemption, 5 years of PF account is mandatory. So for A, I worked for 2 years, and after 3 years (without transfer or anything, I mean I left PF operative there only), if I withdraw, then it's taxable or not?
4. What are the losses if I withdraw money rather than transfer?
Thanks a lot,
Keshav
From India, New Delhi
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I got stuck with PF procedures. Please guide me.
1. I worked for company A for 2 years and then shifted to company B. I gave a PF Transfer Application from company B. Funds are still not transferred, but I changed my job again to company C. Now, since the PF office has received the transfer application from B, how can I handle it in company C? Should I give a transfer application of PF from A and B in company C?
2. Can I withdraw PF of company A directly?
3. For tax exemption, 5 years of PF account is mandatory. So for A, I worked for 2 years, and after 3 years (without transfer or anything, I mean I left PF operative there only), if I withdraw, then it's taxable or not?
4. What are the losses if I withdraw money rather than transfer?
Thanks a lot,
Keshav
From India, New Delhi
Acknowledge(0)Amend(0)
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Tax on premature PF withdrawal.pdf
Steps to transfer PF amount.jpg