If withdrawn before 5 years it is taxable else it is not taxable
If you withdraw before completing 5 years - Yes
If you withdraw after completing 5 years - No
Yes - If you withdraw the amount fully before completing 5 years of service
No
No, it is not taxable
No
If you withdraw before completing 5 years of service - Yes, it is taxable. If you have completed 5 full years, no it is not taxable
Under the PGBP the amount will not be allowed as business expenditure hence will be added back. Thus the amount will be treated as Income and taxable.
You can submit a written request for withdrawal to your employee or your regional provident fund office. Remember: You can withdraw only a portion of your PF balance if you are employed. Only if you are currently not employed, the PF amount would be settled in full.
The withdrawal rules for provident fund are the same across India. Refer to the related links for details on each of the rules
It is 8.5% compounded yearly
there is a provident fund office where you can go and enquire about it
If it is not a full withdrawal - 30 days Full withdrawal at retirement - 30 days Full withdrawal before retirement - 90 days
Central Provident Fund was created in 1955.
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year