Tagged: EPF Withdrawal

EPF Withdrawal to fund an LIC Policy

EPF can be also withdrawn to fund an LIC Policy provided some certain conditions are satisfied as listed below Should have completed 2 years of services Only from Employee’s EPF Share (Including interest) To...

What’s the rate of Tax on EPF Withdrawal?

EPF Withdrawal are taxable depending upon Member’s PF Contribution years and  – http://www.epfguide.com/tax-epf-withdrawal/   And if the Member’s service is less than 5 years then the EPF becomes taxable unless Member has one of the...

Tax on EPF Withdrawal

Many People think EPF Withdrawal is not taxable but it’s not true in certain cases. EPF amount withdrawn can be taxed only in the below condition If the Total Accumulated Service is less than...

EPF Withdrawal for Refunding Housing Loan

EPF Amount can be also withdrawn for repaying the Existing housing loan taken by the member. Criteria: Minimum  of 10 years in EPF No of installments: One or more Document required with Form 31:...

EPF Withdrawal for Purchasing a site or Flat

EPF Amount can be withdrawn for these purposes also a) Purchase of house/flat/construction of house including acquisition of site from an Agency b) Purchase of site for construction of dwelling house/purchase of house/flat from an...