I transferred my PF from my previous employer of 2 years 7 months, to my last employer with whom I was employed for 4 years 8 months. Now I wish to withdraw full EPF amount . Will EPF department deduct any tax for full withdrawal, considering that my employment has been more than 5 years?
- K C Shekhar
The EPFO will deduct tax at source (TDS) if an employee meets the following criteria:
1. The EPF withdrawal amount is less than ₹50000
2. The withdrawal amount is over ₹50000 and the employee has not completed 5 years of continuous service
This article was originally published on August 22, 2016.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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