This is regarding if i leave my Indian organisation and join an overseas firm , can i withdraw my PF totally and that too Tax Free.
I joined a new organization in gurgaon recently, prior to that I was in Mumbai. When I approached my new employer’s payroll dept for transfer of PF from my previous employer, I was told that transfer is very tedious and it is better to withdraw the amount. But since it is less tha 5 years old, I dont want to withdraw as it will be taxed. If I dont withdraw the amount and also if it is not transferred will there be any problem?
I am 22 years old, securing a job in an IT firm which I have joined just before one and a half year. I am having saving accounts in both the ICICI and State Bank Of India (SBI). Recently I have came to know that ICICI bank is also allowing to open the PPF account. I have Internet banking in ICICI where as normal savings account in SBI. Please guide me which bank is good for opening the PPF account in respects of service and time required for the further processing.
Concern giving consolidated salary.
i dont have my ppf/epf a/c no. for Electric control gears (India) Ltd. ahmedabad during my tenure from 1982-88……how can i withdraw my money…plz help…!!!
Out of the monthly salary received, some part is cut as employee’s contribution to PF. Is this amount exempted from tax? Or is it included in the standard deduction? On a related note, is ‘anything’ included in the standard deduction? Or standard deduction (of 1.1 lakh for males) is without any conditions?
provindent fund slabs and contributions of employer & employee