Want to withdraw my entire PF amount from the previous company, while applying it through online, i noticed there will be a TDS deduction. Form 15G is mandatory to save the TDS amount. Kindly clarify my doubts.
2 Replies
SOHAN LAL
(Manger Accounts & Finance)
(363 Points)
Replied 24 February 2020
If PF amount above 50000/- than Form 15G is Complsury. Otherwise not required
Kapadia Pravin
(17264 Points)
Replied 24 February 2020
Form No. 15G or 15H are self-declaration forms that can be furnished by individuals to state that their income is below the taxable limit and hence no TDS should be deducted.
Provident fund withdrawal is before five years
of completion of service attracts TDS at 10 per cent
Provident fund withdrawal is before five years
of completion of service attracts TDS at 10 per cent
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