Dear Sir/Madam,
I will complete 5 years by April 30, 2009. However, I applied for withdrawal of PF amount in the first week of March 2009. Until now, I haven't received the amount from the PF office. Is the amount taxable or not? Please let me know.
Thank you.
From India, Bangalore
Acknowledge(0)
Amend(0)
I will complete 5 years by April 30, 2009. However, I applied for withdrawal of PF amount in the first week of March 2009. Until now, I haven't received the amount from the PF office. Is the amount taxable or not? Please let me know.
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)
Dear PF withdrawal does not have any relation with the number of years of service. You should confirm with the PF department, and if you have deposited your form in the first week of March, then you should have received it by now. PF amount withdrawal at the time of superannuation is not taxable; however, if you withdraw it in between, then it is taxable.
Thank you,
J S Malik
From India, Delhi
Acknowledge(0)Amend(0)
174Thank you,
J S Malik
From India, Delhi
Acknowledge(0)Amend(0)
Dear Ms. Swetha,
When the company has a trust, the PF amount is subject to tax unless the employee does not complete 5 years of service at ABB. If the service period exceeds 5 years, then the PF amount is tax-free.
If the company does not have a trust and maintains the PF with the government office, then it is entirely tax-free (years of service will not be a factor).
Normally, it takes 60 days for PF withdrawal, which in professional terms, we could refer to as a waiting period.
Regards, Manju
From India
Acknowledge(0)Amend(0)
When the company has a trust, the PF amount is subject to tax unless the employee does not complete 5 years of service at ABB. If the service period exceeds 5 years, then the PF amount is tax-free.
If the company does not have a trust and maintains the PF with the government office, then it is entirely tax-free (years of service will not be a factor).
Normally, it takes 60 days for PF withdrawal, which in professional terms, we could refer to as a waiting period.
Regards, Manju
From India
Acknowledge(0)Amend(0)
Hi its not a matter of how many years you have completed. you ask for present employer provide the Submission copy , carry the same copy to PF ocffice & check the status.
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Manju,
I do not agree with your statement about income tax on PF withdrawal. In my view, it is taxable. PF withdrawal is not taxable on superannuation; otherwise, it is taxable. If you have any supporting documents that support your statement, it would help us.
Thanks,
J S Malik
From India, Delhi
Acknowledge(0)Amend(0)
I do not agree with your statement about income tax on PF withdrawal. In my view, it is taxable. PF withdrawal is not taxable on superannuation; otherwise, it is taxable. If you have any supporting documents that support your statement, it would help us.
Thanks,
J S Malik
From India, Delhi
Acknowledge(0)Amend(0)
Dear Manju,
I have a query regarding this PF only. The thing is when I am moving out from my first company, I transferred the PF amount to the account which I applied for withdrawal. How will I come to know that my first company PF amount is transferred to this account? Is there any way to find out?
Regards,
Swetha M.
From India, Bangalore
Acknowledge(0)Amend(0)
I have a query regarding this PF only. The thing is when I am moving out from my first company, I transferred the PF amount to the account which I applied for withdrawal. How will I come to know that my first company PF amount is transferred to this account? Is there any way to find out?
Regards,
Swetha M.
From India, Bangalore
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.
Death while in service letter for pf death claim.docx
Early PF withdrawal won’t be easy.pdf