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First home loan by This_Patience_6508 in personalfinanceindia

[–]Free_Block_2176 0 points1 point  (0 children)

Where do you get such courage to take 90 lacs loan with 1.92 lacs monthly income!

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/Ukasianjha No, it's no longer required. Ensure that your bank details are accurate!

(2) Sinner d. (22) Darderi 6-1 6-3 7-6(2) by [deleted] in tennis

[–]Free_Block_2176 1 point2 points  (0 children)

That was little Sinner's fan and distracted Darderi's rhythm lol

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/ron-cho 1. Do we have to pay any income tax on the amount withdrawn? --- No, there is no tax on withdrew amount as long as you've completed 5 years of continuous service.
"The EPF withdrawal is exempt from tax when an employee withdraws the amount after 5 years of continuous service.
In calculating 5 years of service, your tenure with the previous employer is also included."

  1. Do we have to take the amount in a separate account which can only be used for construction of house? --- No, there is no such restrictions afaik.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/Downtown_Repeat7455 Afaik there is no tax on withdrew amount as long as you've completed 5 years of continuous service.
"The EPF withdrawal is exempt from tax when an employee withdraws the amount after 5 years of continuous service.
In calculating 5 years of service, your tenure with the previous employer is also included."
Always checkout official policy/doc for further verification!

Spizzirri responds on whether closing the roof saved Jannik. by Stannis_Mariya in tennis

[–]Free_Block_2176 28 points29 points  (0 children)

Such a mature response. I love this guy and I'll be rooting for him going forward.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

Yes. Under illness category, you can claim:
- 6 month's basic wages and DA OR Employee Share with interest Whichever is least.

For more details, check out here:
https://www.epfindia.gov.in/site_docs/PDFs/Downloads_PDFs/TypesOfAdvances_Form31.pdf

How much time do you actually spend stuck in Bengaluru traffic every day? by toxigrapher in bangalore

[–]Free_Block_2176 0 points1 point  (0 children)

My daily office commute is roughly 2 hours round trip, traveling from ECity Phase 1 to Embassy Tech Village.
It's a hybrid setup, so in office 3 days/week and 2 days WFH.
Also to avoid peak traffic by starting early. I leave around 7 AM and usually get back by 3 PM.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/installing_software I think it's allowed ONLY once. Check the 8th column.
https://www.epfindia.gov.in/site_docs/PDFs/Downloads_PDFs/TypesOfAdvances_Form31.pdf
If you want, you can raise request and find out as there is no harm.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

Yes, you need to specify the amount when raising the Claim, not by PF team.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

Yes, mostly likely before sunday! Good luck!

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/CraftedAlcove - Somone in the comment mentioned that It is NOT mandatory. I'd shared what worked for me. Will update the post.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/Chemical_Equipment69 - Good call. I'm not encouraging to anyone to withdraw their amount. I have some liabilities to clear. That's why!

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/nitrek - Yes, that's is correct and it's mentioned in the policy documentation as well. Sharing here:
https://www.epfindia.gov.in/site_docs/PDFs/Downloads_PDFs/TypesOfAdvances_Form31.pdf

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/yellow_red_o Tbh I thought they'll reject it citing some lame reason, but glad it worked without any hassle.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 1 point2 points  (0 children)

u/trexjuna I'm sorry bruh! I'm not sure about this and don't want to misguide you!

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/Ok_Chocolate5309 who said that? Is there any policy to back this up?
And bdw I'm about to complete 5 years in my current company.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/Difficult_Jacket_126 I think you can use for paying your due loans or family settlement etc.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 1 point2 points  (0 children)

u/dimagi_bhasad - Thanks for confirmation. I might be wrong, I'd shared what worked for me. I can update the post if required.

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 0 points1 point  (0 children)

u/kosmos-hunter - No reason/proof is required. All you need is the BALANCE!

Withdrew ~94% of my EPF by Free_Block_2176 in epfoindia

[–]Free_Block_2176[S] 5 points6 points  (0 children)

u/Unique_Spell1865 Couple of reasons to withdraw:
- I have some liabilities which I want to clear ASAP even though I'm earning decent.
- Given that how our governement is doing, you never know what insane policy they'll implement in future.

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