Provident fund

Dear Ramesh,

You can withdraw the PF amount available in your account anytime after leave an organisation.

However, if you withdraw before completing 5 years a a member of PF then the employer has to deduct TDS and teh PF amount is taxable in your hands as per the Income tax slab you fit in. If you have worked for more than 5 years (i.e. before E & Y and transferred the PF account amount to the PF account at E & Y) then the income tax exemption will be available to you.

Please talk to the HR accounts person in your company and sort out the matter as they will be aware of the same.

If they tell you that the law has changed, kindly request them for a copy of the relevant provision which one can verify.

S Jadhav

If you have not been working for 2 months after your reisgnation you can withdraw the funds from your PF a/c.

You may submit PF withdrawal forms which you can obtain from local PF office/market to employer by redg/speed post only and obtain confirmation of its receipt from employer even if by email.

You may also demand that account slip/PF accumulation reports for whole period of your employment be supplied to you by redg/speed post only.You may even enclose a self addressed postage prepaid envelope for sending erdg/speed post to you.