Hi,
I worked in company A for 3 years and 6 months and moved to company B 2 years back. The Problem I am facing is to what to do with the PF account, I have with company A as the company B doesnt have PF in their payroll. I checked with the HR of company B and he said that the requirement for PF by government is less than Rs. 6500 from Basic salary +DA , and company B doesnt have any employee below that salary. This way they dont have PF. I am stuck now. I want to transfer but I cant because company B doesnt have PF. And for this no fault of mine if I withdraw this money I will be charged 30 % tax( AS READ IN OTHER FORUMS). Please suggest me what to do best in this case. Also will I not get that 8.50 % interest that we get per year?
Dear thethinker,
No option but to encash the PF, else you will lose interest also after 1 year. You can plan to save your taxes once you are encashing the PF.
Dear thethinker,
I can definitely help you by reducing tax impact by adequately planning your taxes and also help you get the adequate refund.
Do let me know for the same.You can contact me at aarchanay@gmail.com
Dear thethinker,
I can definitely help you by reducing tax impact by adequately planning your taxes and also help you get the adequate refund.
Do let me know for the same.