PF Withdrawal PAN Mismatch: Avoid TDS

This query is : Resolved

Quick Summary

If you're withdrawing PF and have a name mismatch between your PAN and Aadhaar, TDS might be deducted at the highest rate, even for amounts below £50,000. The key issue is the missing PAN submission. It's recommended to rectify the name on your PAN card to match your PF account details before proceeding with the withdrawal to avoid unnecessary tax deductions.

Gokul Sharma

Gokul Sharma (Querist)
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06 December 2022 service less than 5 years
amount less than 50,000
but no pan submited in pf portal due to father name mismatch in pan vs aadhar.

will tds be deducted ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 December 2022 TDS will be deducted @ maximum marginal rate (i.e. 34.608%) if employee fails to submit PAN.

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Gokul Sharma

Gokul Sharma (Querist)
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06 December 2022 BUT SIR WITHDRAWAL AMOUNT IS LESS THAN 50,000

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 December 2022 The TDS limit is for withdrawal amount of Rs. 50000/- or more, but submission of PAN is mandatory....

Gokul Sharma

Gokul Sharma (Querist)
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06 December 2022 THERE IS NAME MISMATCH IN PF DATABASE AND IN PAN
JAGDISH MANDAL IN ALL DOCUMENTS
BUT IN PAN CARD JAGDISH KUMAR

WHAT TO DO SIR

DO I NEED TO FIRST UPDATE THE PAN CARD THEN GO FOR WITHDRAWAL ?

Gokul Sharma

Gokul Sharma (Querist)
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06 December 2022 PLS HELP SIR .....................

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 December 2022 If your bank account/s are as per pan card, better to rectify the name in EPF account, and submit the PAN card.

Gokul Sharma

Gokul Sharma (Querist)
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06 December 2022 NO SIR ....BANK ACCOUNT IS AS ER EPF DATA...ONLY PAN IS DIIFERENT FROM OTHER DOCUMENTS.

Gokul Sharma

Gokul Sharma (Querist)
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06 December 2022 I HAVE WITHDRAW SOME ADVANCE AMOUNT (2000/- RS.) FROM PF ACCOUNT.
THE AMOUNT IS CREDITED ALSO.

ONLY PAN IS DIFFERENT.