PF Final Sattlement

Recently my friend was given resign letter  to employer. Now he want to Withdrawal  his PF amount  for  Final full Settlement  purpose. Note that his Service Period  is  10 years Plus & Total PF amount is 74500.00.

Can He upload  15G Form (Mandatory) for PF amount Final Settlement purpose ? 
 If he will not Summited 15 G Form then Govt  Deducted TDS?

Replies (4)
Quick Summary
This discussion addresses a friend's query about withdrawing their PF final settlement after over 10 years of service and a PF balance of £74,500. The main question is whether Form 15G is mandatory and if TDS will be deducted if it's not submitted. The advice given is that TDS is not applicable for service periods exceeding 5 years, though submitting Form 15G might be a formality. It's also noted that a two-month gap is typically required for full PF/pension settlement.

Yes, please submit form 15G
Tds is not applicable since the service period is above 5 years.

You may just submit as a formality.

Two months gap should be there to get full amount from PF / pension settlement

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