Tds on epf withdrawal

a) ABC Private Limited has established ABC Staff Provident Fund Trust to manage and maintain employee provident fund. b) Both ABC Private Limited and employee makes periodic contributions to the Fund. c) As per Rule 10 of Part A of IV Schedule, tax must be deducted, if employee withdraws before 5 years of continuous service and withdrawal sum exceeds Rs. 50000/- d) Accumulated EPF Balance of Rs. 1 lakh due to Mr. X, an employee who has been in continuous service for 3 years is being paid by the Trust on his resignation. QUERY: 1. Who is the person responsible for deduction of tax in this case ? Whether the employer Company or the Trust ? 2. Under which section is tax deductible, 192 or 192A ? Thanks in advance.
Replies (3)

1. Trust

2. Sec. 192A of the act.

because it is being paid by the trust & 192A sec.

because it is being paid the trust & 192A sec.

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