Please help with TDS deduction on PF settlement. I joined a company in jan 2005 and resigned in jan 2009, took the PF withdrawal in march 2013. The PF account is 7 years old but the years of service is 4 years , so will TDS be deducted in this case?
From India, Jalandhar
TDS will be deducted in this case. But u can claim refund in your income tax return,
From India, Delhi
PF withdrawal is exempt from Tax if you withdraw after 5years of continuous service in a current company, incase if you are having previous year balance transferred to the same, the same old years are also considered.
From India, Bangalore
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