Withdrawal of Provident Fund Balance
Hello,
In two of the organisations, IBM India ( joined in Dec 2007;left in April 2011) and Tata Sky Ltd. ( joined in June 2011; left in March 2012 ), where I worked before, have not processed withdrawal of my PF balances. Thereafter, I have been working in organisation/s where PF in not deducted / contributed. As such, I do not have " PF - UAN" as it was not necessary to create.
My query is, if I now apply for PF withdrawal from the aforesaid companies, will I be subjected to tax deduction on the proceeds.
Also I do not have "UAN" since I ceased to be a member of EPFO before 1st Jan 2014, is there any way to withdraw the proceeds online without "UAN" or is it through the submission of conventional hard copy filled-up forms ( Forms 19 and 10C) attaching the relevant documents.
Kindly provide your valuable feedback.
Thanks & Regards,
Probhat Goswami more
In two of the organisations, IBM India ( joined in Dec 2007;left in April 2011) and Tata Sky Ltd. ( joined in June 2011; left in March 2012 ), where I worked before, have not processed withdrawal of my PF balances. Thereafter, I have been working in organisation/s where PF in not deducted / contributed. As such, I do not have " PF - UAN" as it was not necessary to create.
My query is, if I now apply for PF withdrawal from the aforesaid companies, will I be subjected to tax deduction on the proceeds.
Also I do not have "UAN" since I ceased to be a member of EPFO before 1st Jan 2014, is there any way to withdraw the proceeds online without "UAN" or is it through the submission of conventional hard copy filled-up forms ( Forms 19 and 10C) attaching the relevant documents.
Kindly provide your valuable feedback.
Thanks & Regards,
Probhat Goswami more
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Arbitrary mode of interest calculations at the time of final withdrawal & closure of PPF ACCOUNTS needs review &revision. I SUBMITTED FINAL WITHDRAWAL ON 24TH OF MONTH.SBI PAID INTEREST ONLY TILL 5TH OF MONTH,THEY 'DEVOURED INTEREST FOR PERIOD 6TH TO 24TH . SINCE IT WAS FINAL WITHDRAWAL MY ENTITLEMENT TILL THE DATE THEY KEPT MONEY IS LEGITIMATE. IN THIS THERE IS HIDDEN 'EXTORTIONS' GOING ON more
Oct 18
I would be interested to know the legal aspect of this issue also. On Apr 24, 2018 18:05, "Probhat Goswami" wrote: > more
Apr 26
Hi, Please note if your tenure of services is more than five years continuously then no need for deduction of Tax. If you have attached the 15G form (if you are within 58 years old or sr. citizen then provide 15H forms two sets) Then also no deduction in PF department. Five years continuous means working in different companies also but total tenure is five years. You can withdraw this PF either directly applying for both the companies by submitting non adhaar form with support documents. Or transfer from one company to another and then withdrawn. I strongly recommend to apply withdrawals from both companies separately. Thanks and Regards, G Kumar 9841358390 more
Apr 25
PF withdrawal is exempted from tax, provided withdrawal is at the time of retirement or unemployment (of more than 3 consecutive months) more
Apr 24
I am the PF Consultant and if you are in chennai u can come and meet me after calling in my no.98400 29468 and presently if u r not in chennai u can call me and will guide u. more
Apr 24
