Tds deduct of pf withdrwan
Suman Saha
(Querist) 22 May 2014
This query is : Resolved
Dear Sir / Mam,
I am Suman , i was worked at Piramal Healthcare Limited for last 4 yrs and i have shifted my job at Cement company .
Due to some personal requirement i have applied for PF withdrawal and i have received the amount but there is deduction of Rs 18804.
Please advice me how to recover the deduct amount.
Kumar Doab
(Expert) 22 May 2014
You have withdrawn before completion of 5Years.
Apparently you have not transferred the PF of previous employer to M/s Piramal hence the continuous employment of 5 years (counting previous employment period) was not achieved.
If you deposit the withdrawn PF in PF a/c of new employer you may exemption.
YOU may take up the matter with PRO/APFC in nearest PF office.
Rajendra K Goyal
(Expert) 23 May 2014
Well advised, PF withdrawal before 5 years is considered income, agree with the expert.
