Question ID : 39354

Forget to transfer pf to account maintained by new employer account

An employee was working with Company A for three years. Then he got job in new company B and is remained emplyoed for another 3 years. There is no gap in employment. PF maintained with old employer is not transferred. So there are two PF accounts. After 6 years, PF balance with Company A is withdrawn (Rs 2lakh). PF Trust deducted TDS. Is there any provision which exempts this PF withdrawal inspite of being remaining continuous service for 5 years but PF balance not transferred?

posted by Sivaraman A.R. on Aug 18 2019 12:00AM