1. Withdrawal of PF before completion of 5 years of membership, become taxable in the year of withdrawal with conditions

2. Employer contribution above 12% is taxable in hands of employees

3. The rate of contribution by the member can be any amount not exceeding his basic salary including DA (if any)


4. On resignation, the member can settle the account. i.e., the member gets his PF contribution, Employer Contribution and Interest if he opts for a closure ( on meeting conditions specified in the Act) or can transfer the account to the new employer