I have been in service of a Company for last one and a half year.
Company has its own trust for handling PF; it is not deposited with PF office.
I am leaving the service now. What portion of the PF will get taxed when I withdraw the same.
Additonal Information:-
I am not going to be in employment from now on and this is my last job.
Tax Implications of Early Provident Fund Withdrawal: Recognized Trusts May Offer Exemptions, Otherwise Taxable Before 5 Years of Contributions. An individual inquired about the tax implications of withdrawing provident fund (PF) upon leaving employment after one and a half years. The company manages its own PF trust, not linked to the PF office. Responses indicated that if the trust is recognized by the Employees' Provident Fund Organization (EPFO), the withdrawal could be exempt from tax. However, another response noted that if withdrawals occur before five years of contributions, they are generally taxable unless specific exceptions apply, which do not seem relevant in this case. (AI Summary)
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