Tds on epf

TDS 515 views 4 replies

Dear Exprets,

Is there any TDS applicalbe on withdrawal of EPF & What is the limit  (if Yes please share notification )

Regards

Maan

Replies (4)

it will be treated under  section 192A and Tds @ 10% if such withdrawl exceeds Rs.50,000/- and no TDS if he is in employment for more than 5 Years

Hii Mr.Maan, premature taxable withdrawal from accumulated balance of EPF is liable to tds u/s 192A @ 10% if withdrawal amount is more than Rs.50K. Premature taxable withdrawal means that employee is in employment for 5 years or less. If your taxable income is less than maximum amount not chargeable to tax then No tds shall be deducted if you gives declaration in form 15G/15H.
About PF Amount 50000/- above

thanks all of you.,

 


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