Pf withdrawal: tds and tax %

Hello experts,

 

If I withdraw the PF amount(around 22000 INR),

1. Will it come fully?

2. If no, what is the TDS %?

3. What is the Tax %? 

4. If TDS is cut 30%, can I claim it(or a part of it) back according to my form 16 next year if I my total income is not in 30% tax slab? Or is it non-refundable amount?

 

Info:

I worked in the company for 1 year. Now I have joined another company.

The company was a private company. 

Replies (6)
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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details