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Tds on pf withdrawl

Tax queries 2563 views 2 replies

Hi Everybody,

A person worked for 4 years in a company. He resigned and is not working anymore. He submits his PF withdrawl form

after the 5th year. Wether the amount recieved from the PF office/Trust is taxable. And the company would deduct Tax

on the same and pay the money or there would be no TDS/Tax deducted on the same.

Please answer the same..

Replies (2)

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.

i have complete 3 year in a company & if i withdrawl my PF that TDS will be deducted or not. Rate of tds deducted.


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