Dear Seniors, Kindly guide me .My company is saying that my PF withdrawal will attract 25-30% deduction. I heard from my Separation Officer that it should be 10% maximum. Please help me out. Thanks,
From India, Calcutta
From India, Calcutta
25
Mr.Harshad,
My company says that there may be a deduction of 25-30% deduction on the withdrawal.
My EPf Account no reads like MH/BAN/.../.... ,I am not sure if they have a PF FUnd.
But whatever be the case can the laws of EPF be changed if an organisation has its own PF Fund.
I am worried if the reduction is legal or not.
From India, Calcutta
My company says that there may be a deduction of 25-30% deduction on the withdrawal.
My EPf Account no reads like MH/BAN/.../.... ,I am not sure if they have a PF FUnd.
But whatever be the case can the laws of EPF be changed if an organisation has its own PF Fund.
I am worried if the reduction is legal or not.
From India, Calcutta
The mail reads like this:-
Dear XYZ,
Please note tax around 25-30 % will be deducted on your PF withdrawal. So request you to transfer your PF to your current organisation.
If you have any further clarifications, kindly mail us or call us on the below mentioned number.
Thanks & Regards,
PS:-
I do not have any employment at present and so the question of transferring the PF is out of consideration.
From India, Calcutta
Dear XYZ,
Please note tax around 25-30 % will be deducted on your PF withdrawal. So request you to transfer your PF to your current organisation.
If you have any further clarifications, kindly mail us or call us on the below mentioned number.
Thanks & Regards,
PS:-
I do not have any employment at present and so the question of transferring the PF is out of consideration.
From India, Calcutta
if you obtained any advance from PF then only they will be deducted from your settlement, otherwise nothing can be deducted from any body.
Normaly PF deducted amount is also IT excemption.how it is possible to deduct tax amount.
regards
thiru:-P
From India, Madras
Normaly PF deducted amount is also IT excemption.how it is possible to deduct tax amount.
regards
thiru:-P
From India, Madras
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