Tax terror to hit PF savings of low-income employees. From June 1, TDS will be deducted if provident fund is withdrawn before 5 yrs of continuous service.

Now, tax to be levied on PF withdrawn before five years - The Times of India
To put that in perspective, the annual income threshold above which personal income tax is payable isRs 2.5 lakh or about Rs 21,000 per month.
April 24, 2015 at 03:03PM http://bit.ly/1JAQCrv