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Vinod Bachu

Need clarity on Tax implication on PF withdrawal

Hi Friends, I am currently not working and wanted to know the tax implication if I withdraw my PF now, I am 45 years of age and stopped working since May'2016. Have got a valid UAN, Also, I have transferred my contributions (made during 2006-2008 and 2014-2015 while working with other companies) to my current PF account and the same has been reflecting in my current balance.
1. What will be Tax % deducted if I apply for withdrawal?
2. Will my current PF contribution only be taxed or all the amount in my account will be calculated for tax deduction
3. Can I apply for partial withdrawal?
Look forward for your help and suggestions, thanks a lot in advance.

Regards,
Vinod Bachu more  

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Vinod Bachu
Thanks to each one of you for taking time to respond to my query. more  
Satvik Singh
Very useful info, thanks Mr. Jain more  
Subhash Wadhwa
EPF amount both contributions and intrest thereof are tax free On 24 September 2016 at 16:47, Vinod Bachu wrote: > more  
AJITKUMAR JAIN
If you have contributed for more than 5 years then no TDS is applicable, you can apply for full withdrawal. And if you have contributed for more than 10 years then your contribution towards pension will be withheld by PF dept., you will be issued a Certificate for the same and once you attain the retirement age you will start getting the pension, whatever mentioned in the certificate. more  
Srinivasa Rao Peri
During the budget proposal it was proposed to deduct 10% tax on PF contributions while withdrawing. Since this met lot of opposion from all quarters, this proposal has been put off. Now there will no TDS on withdrawal of PF accumulations. However, you will be paid after deducting Pension contributions. You can obtain a certificate for EPFO for the portion of EPS-95 contributions. You can now withdraw your accumulations and there will be no TDS. more  
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