shall i withdrawal pf , i have worked for diff companies for more than 9 years. i have been associated with current company from 4.6 years.
From India, Chennai
Acknowledge(0)
Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Working and contributing are not the same. However, if the employee has been jobless for the last two months, then they are eligible to withdraw money from account 1. To withdraw the funds, their account must be KYC compliant with Aadhaar, PAN, and bank information.
Please let me know if you need any further assistance.
Acknowledge(0)Amend(0)
651Please let me know if you need any further assistance.
Acknowledge(0)Amend(0)
Thank you for your prompt response, sir. I have been working continuously. Is it possible to withdraw the PF from all the companies, including the current one, without incurring any tax liabilities? I have accumulated 9 years of work experience across various companies.
From India, Chennai
Acknowledge(0)Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Contribution over 5 years means absolutely no tax, provided the service is not broken. However, I regret to say that from today, the Government of India (GOI) has put a barrier. Now, EPFO members cannot withdraw 100% unless they attain the age of 58 or retirement, although they can get up to 75% of account 1.
Acknowledge(0)Amend(0)
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Trouble Ahead_ I-T Dept Tells EPFO to Tax Premature PF Withdrawals.pdf