Pf withdrawal: tds and tax %

If PF means Professional Fee Income Than Its liable to TDS @ 10% (194J)on full income. that TDS deduct by income .. u provide professional service in company and u r not in employee or employer relation with co. so in ur case TDS @ 10% applicable.. hence 30% TDS question does not arise.. and also TDS deduct on ur income when u file ur income tax return than u claim that TDS as tax payable by u..if any excess amount arise that amount eligible for refund....

best way to transfer the EPF balance to new company EPF by submitting form 13. 

as more years of continued job will fetch more reqards at your elder age in terms of finance ( pension)

Originally posted by : prateek aanchalia
	If PF means Professional Fee Income Than Its liable to TDS @ 10% (194J)on full income. that TDS deduct by income .. u provide professional service in company and u r not in employee or employer relation with co. so in ur case TDS @ 10% applicable.. hence 30% TDS question does not arise.. and also TDS deduct on ur income when u file ur income tax return than u claim that TDS as tax payable by u..if any excess amount arise that amount eligible for refund....

PF: Provident Fund.

 

I read several posts on this forum and at some places it was written that the TDS applicable will be 30%. So what is the TDS % on the PF withdrawal?

 

Thanks,

Rajan

Very True Mr U S Sharma. 

But I am withdrawing PF because of some current need. 

 

Thanks 

Rajan

@ Rajan

even in that case i will ask you to transfer and get a loan from the fund, 

loan will get repaid with time, but fund will live long

I am agree with Mr. Sharma, and that is really worth.