Tax on PF withdrawal before 5 yrs of service

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Tax on PF withdrawal before 5 yrs of service

I want to withdraw my PF- just want to know whether do I need to pay tax. Summary last Organization worked for 3.5 years ( Oct 2012 to Aug 2015). After Aug 2015 I am working outside india and no income from india. Pls advice

Profile photo of Sudheer Asked By: Sudheer 1 replies 0 helpful answers Last Updated: 6 months, 1 week ago
  • Profile photo of SudheerSudheer
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    I want to withdraw my PF- just want to know whether do I need to pay tax. Summary last Organization worked for 3.5 years ( Oct 2012 to Aug 2015). After Aug 2015 I am working outside india and no income from india. Pls advice

  • If the withdrawal happened before completing five years of subscription, Tax officials have cited a rule in the Income Tax Act, 1961 that PF withdrawals by employees before completing five years of contributions into the EPF is taxable.

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