Calculation of Tax on PF Withdrawal

I was working for 10 years in an organisation and after that in 2 more firms. I had the PF balance transferred from the earlier 2 jobs. In all I have completed around 14 years of service. If I were to withdraw the PF/close the account now, would it attract TDS and if yes, on what basis would it be calculated.

asked Dec 11 '12 at 15:09 by Vaidyanathan 1111

As more than five years of service is completed, there won't be any income tax payable on EPF withdrawal.

answered Dec 17 '12 at 01:06 by Pankaj Batra 5.2k320


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Asked: Dec 11 '12 at 15:09

Seen: 3,182 times

Last updated: Dec 17 '12 at 01:06