Withdrawal from PF is not allowed in general circumstances. There are certain conditions in which PF can be withdrawn. However one should consider the taxability aspect before withdrawal.

When PF is Taxable?

When PF is withdrawn after completion of continuous service of 5 years  – In this case, it is not taxable.

When PF is withdrawn before completion of continuous service of 5 years – In this case, PF is taxable except in the condition when it is withdrawn due to reason beyond one’s control (ill health or discontinuance of employer’s business).

Must Read : Some facts about EPF
                  : EPF Facts 1 – Nomination and Insurance Facility
                  : EPF Facts 2 – Pension by EPFO 
                  : EPF Facts 3 – No interest on EPS (Employee Pension Scheme) 
                  :EPF Facts 4 – VPF (Voluntary Provident Fund)
Google Plus
Google Community
Facebook