Super annuation fund full withdrawal process
kennii
(Querist) 04 May 2012
This query is : Resolved
Dear Sirs,
I have already withdrawn my PF fully from my earlier company and the payment was received after 6 months from application from my earlier company (The EPF and SA fund was managed by the company's trustees formed by employers and employees under the rules). I also applied for full withdrawal of Super Annuation (SA)fund lying in my account from the earlier company. However, the Super Annuation settlement process is not yet done by my earlier company for the last 7 months now from the time it was applied.
Please let me know is there requirement for IT commissioners permission for SA full withdrawal process ? Also, what are other necessary requirements to process for getting the full SA amount of my SA account ? Will there be tax liability also if it is more than 5 years ?
Thanks !
Sudhir Kumar, Advocate
(Expert) 25 August 2012
what is supernnuation fund and how is ti different from PF managed by EPFO.