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.
CAclubindia
