Dear Team,
EPF amount is already settled that is 250000 but EPS amount is pending if I withdrawal EPS amount now that is 34000 due to service not transferred immortal then there is tax on 34000 bcoz less than 50000 or it will be considered more then 50000 considering 300000.
3 Answers
Hi,
If you have transferred EPF from your previous EPF account to latest one then EPS also would have been carried forward.
Kindly read :
What happens to EPS on Transfer of EPF account (or) when you switch Jobs?
If you are currently unemployed and/or not contributing to EPF scheme, you can withdraw EPS through offline mode only.
Kindly read :
New EPF Composite Claim Form | Single Page Form for different types of PF Withdrawals (Full / Partial)
For submitting EPS – Pension withdrawal online ; You should have service of more than 6 months and less than 9.5 years.
As your service period is more than 5 years, PF withdrawals are tax-exempt.
If I am EPS pension holder then after my and spouse death and children are more then 25 age in that accumulated amount is given to children or not
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Service is 9.6 months but I have transfered 7 year EPF@ EPS amount before 2 years if EPS is not transfer then in that I have to try 2.6 year online withdrawal but PAN is not verified