Confusion regarding form 15g while withdrawing epf

TDS / TCS 1145 views 7 replies

Arshdeep Singh

9 Points Posted on 29 May 2019

My annual salary is 3,25,000. I have no other sources of incomes (FDs). I haven't invested for 80C for tax benefits. I have been working for 3 years. I left my job and it has been already more than 2 months. So I raised online EPF withdrawal claim which got rejected and the reason mentioned was "Didn't fill/submitted form 15G".

So my question is how can I fill form 15G since I am not eligible? Then how to make EPF withdrawal request again because they will again ask for that form 15G?

Replies (7)

Arshdeep Singh

9 Points Posted on 29 May 2019

My PF amount is more than 50,000. So for withdrawing it, I need to fill form 15G. But I am not eligible for that as mentioned above. (income for than 2.5 lacs)

Om Goyal

445 Points Posted on 29 May 2019

Since u have left job before 31/3/19. u can submit form 15 G. as u have. no income for FY 19-20
further even if u have left job in April 19 even then u can submit form 15 G as u have income for 1 month hence below taxable limit .
but if u like u can also ask Eps to deduct Tds pl. i would also like to request u to give relevant details while asking Q for proper reply pl.

Arshdeep Singh

9 Points Posted on 30 May 2019

Thanks for replying sir. Yes I left job before 31/03/2019. But my salary for the 2018-19 exceeds the amount 2.5 lacs. And my PF withdrawal amount is 80k. While filling 15G form online through bank website : they are not allowing me to enter total income as 325000. Saying that it is more than threshold limit. One of the criteria about 15G is your income should be less than 2.5lacs. So how can I fill that?

CA. Umesh kumar

ca.umesh11@gmail.com

1465 Points Posted on 30 May 2019

If you submit form 15g they will not deduct tds on pf withdral. I dont understand why they are insisting for form 15G.

Arshdeep Singh

9 Points Posted on 30 May 2019

Even I don't know, I raised the grievance on EPFO portal and they gave me the reason of rejection as "Not submitted form 15G". As per my case, can you confirm me that I am not eligible to fill that form??? I don't have any FDs but salary is more than 2.5lacs. I haven't done any 80C investments n all They informed me if your withdrawal epf amount is more than 50k, then I have to fill the 15G form.

Arshdeep Singh

9 Points Posted on 30 May 2019

Om Goyal

445 Points Posted on 02 June 2019

u submit Form 15 g now for Fy 19-20 Ay 20- 21 as Fy 18-19 gone & nobody will accept 15 g for that year .alternatively u write for tds dedn. & claim refund thr Itr or u re aply for refund in FY 19-20 AY 20-21 now & fill ur income which may be 2 Lakh or less than 2 lakh now in Form 15 G & Submit same now