I worked with ICICI for 5 years. I transferred my PF when I went to CITI and worked there for 2 years. Now i want to withdraw this amount now . Are there any TAX implications? and will there be any deduction? more  

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pre-withdrawals from PF are taxable, but for certain reasons. pl check with some CA for clear info more  
withdrawal from PF is non taxable.Epfo will return your amount with interest up to 3 years of your last deposit. more  
PF withdrawals ( till date) are not taxable in the hands of the subscriber and there will be no deduction. However, there are some new rules on the date upto which you will earn interest on the previous account ( if it was not merged). Don't delay and apply immediately through your previous employer for the payment. And once you get the cheque, there are many good options for you to park your proceeds and appreciate your funds. more  
Thank you Mr Virmani for all your help. I have saving for my retirement through MFs and would continue to do so. This fund I plan to keep as an emergency fund. more  
In that case you have total subscription period to PF as 7 years. Now it is for you to decide whether you would like to withdraw or take loan to meet emergent requirement. In my opinion 2nd option is better as you can repay back in installment. Once you eat away the amount, it would become difficult to recoup. Remember EPF is a social security for your old age post retirement as that is the age where you require such support and you are no longer employable at that age. more  
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