Tds on provident fund settlement
This query is : Resolved
09 July 2013
Is there a liability on the part of Employer to deduct TDS on Provident Fund Settlement if the amount exceeds Rs. 10,00,000/- ? If yes pls tel me the method of Calculation of Such TDS
11 July 2013
No. such requirement, PF settlement happens in the department. employer just need to certify the forms
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11 July 2013
Thank you so much, just one last question if the amt is withdrawn from P.F within 5 years of period of service than is there any TDS issue ?
11 July 2013
It is taxable, but employer do not have hold on that, because the payment will come directly from department. so there is no TDS issue on that also
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