Query regarding tax on epf withdrawal

TDS 939 views 5 replies

Pratik Bhansali

5 Points Joined July 2018

Dear All,

I am applying for EPF withdrawal through online process, while applying for that I am getting message like: "As your service is less than five years and your verified PAN details are not available under Unified Portal, Income Tax at the highest slab of 34.6% is liable to be deducted if your settlement amount crosses Rs.50,000/-. You are advised to update your PAN details before filing for Online claim and also check your balance before proceeding to submit PF settlement Claim."

My EPF balance is almost Rs. 59000/-.

I am confused on much tax will be liaved and what will be the approximate amount I will be getting.

Kindly help.

Replies (5)

Gaurav Gulati

56 Points Joined September 2017

u can contact us 7011886105. we can help you then.

KOUSHAL JAIN

Chartered Accountant

471 Points Joined January 2018

Upload your PAN Card on EPF Website than Lower Deduction 1% of your payment applicable.

You are withdrawing before 5 years PF withdrawal is Taxable.

TDS deduction liability on PF Department.

Pratik Bhansali

5 Points Joined July 2018

Dear Gauravji,

Thanks for the quick resolution on phone call. As per that can you please send me the link to change name in PAN as per Aadhar card number that you explained me, kindly please.

Gaurav Gulati

56 Points Joined September 2017

https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.H T M L

Pratik Bhansali

5 Points Joined July 2018

Dear Gauravji, I just came to know from other sources that if I do manual application by filling Form 19 (Aaadhar approved) & Form 15H then tax will not be deducted. Is that true?