[Resolved]  Tata Consultancy Services Limited — Providend Fund Amount

Hi

I have been working with TCS for almost 3 years now, and hence have a reasonable amount in my PF account. However, I am now going for higher studies, and so leaving the company. TCS now wants me to withdraw the PF amount (after deduction of 20-30% tax), even though I am willing to leave the money with the PF account for the next two years.

Had the PF account been with the Central Govt of India, I could have left this money untouched for two years, and used the same account after that. But since Tata Sons keeps its own money in a Trust, I am facing a loss of 20-30% of my hard earner PF amount, which seems very unfair.