Withdrawal the PF amount is taxable?

[AalokM]

I am working in Pvt. insurance company. In July 2009, I have resigned from my previous organisation after working there for 4.5 years and joined present organisation. I have not withdrawn/transferred my old PF account to my new employer. Now I am in need of money, so wants to withdraw my old PPF money. Query - If I withdraw the PF money now, do I need to pay tax on it?

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[harry1976]

If you are withdrawing the PPF amount after 5 years than it is tax free.

[AalokM]

If you are withdrawing the PPF amount after 5 years than it is tax free.

This 'five years' is in the same company, you need to work. Is transfer to my new company's PPF account is also taxable?

[harry1976]

This 'five years' is in the same company, you need to work.

Five years in total. To save tax just transfer the amount in the new company's PPF account and withdraw after 5 years.

Is transfer to my new company's PPF account is also taxable?

No tax on transfer.