TDS on PF withdrawn


This query is : Resolved 

10 June 2011 What is the Rule for deduction of TDS,in case PF is withdrawn from provident fund trust, in case an employee has served in that company for 3 years.

Is TDS deductible in such case?

If yes on what amount & at what rate ?

11 June 2011 TDS IS TO BE DEDUCTED AND THE SUM RECEIVED WILL BE TREATED AS SALARY ACCORDINGLY TDS WILL BE DEDUCTED AS PER SECTION 192

CA MANOJ GUPTA
JODHPUR
09828510543

11 June 2011 Sir,

1)Will TDS be deducted on employees share or on the amount contributed both by employee and employer.

2)At what rate TDS is to be deucted?

11 June 2011 Tax will be deducted on entire accumulated balance
tax will be deducted treating the amount as salary
rate will be average rate of tax as is applied in connection with sectionj 192


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