PF Trust of past employer can withhold TDS from amount paid to you
From a tax perspective the accumulated PF balance due and payable to the employee i.e., balance to his credit on the date of cessation of his employment, is exempt from tax if he has rendered continuous service for a period of five years or more
I worked in a company between 17 February 2016 and 28 December 2018. The company’s captive trust managed the employee provident fund (EPF) contributions. For some reason, the money was not transferred to my new employer. I have been jobless for the past 6 months now due to covid. Can I withdraw the PF amount from my previous company? What TDS and taxation do I expect considering that on 17 February 2021 I completed five years as a member of that PF trust though the service was for two years only. Please advise.