Chartered Accountancy Profession
24 Points
Posted on 11 February 2016
No TDS in respect of the following cases:-
Transfer of PF from one account to another PF account. Termination of service due to Ill health of member /discontinuation of Business by employer/completion of project/other cause beyond the control of member. If employee withdraws PF after a period of five year. If PF payment is less than Rs. 30,000/- but the member has rendered service of less than 5 years. If employee withdraws amount more than or equal to Rs. 30,000/-, with service less than 5 years but submits Form 15G/15H along with their PAN
here in such case employee receive amount of PF after 5 Years so there are no any requirement to deduct TDS.