Menu
15 G for PF withdrawal
Does an employee need to produce 15G for withdrawal of EPF of less than 1.0 lakh
Replies (1)
Provident fund withdrawal before five years of completion of service attracts TDS(tax deducted at source) effective from 1 Jun 2015.
- TDS on EPF is deducted if withdrawal is more than Rs 50,000. This is applicable from June 2016. Earlier this limit was Rs 30,000.
- TDS is deducted at 10 % provided PAN is submitted.
- Form No. 15G is self-declaration form that can be furnished by individuals to state that his/her income is below the taxable limit and hence no TDS should be deducted. The final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil.
Recent Topics :
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
Related Topics :
CAclubindia
