Recently Govt. of India has withdrawn income tax on interest upon withdrawal from PF. However there is no clarity on facilities of withdrawal of PF as per earlier rules on 1.Leaving the services/employment, 2.Any time due to urgency i.e. in case of marriage of children, building house, medical treatment, any other urgency, 3.Before RETIREMENT age, 4. Interest on accumulated fund, Interest on dormant PF.
Have all rules regarding withdrawal remains same after this budget. Does it mean that any person who has left the service and no more in any employment can withdraw all fund in PF, the limits of withdrawal remain the same and there is no need to wait this retirement to withdraw all accumulated fund in PF
Members and experts are requested to post their views on clarity on the above aspects. more