Tds oon epf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2016 Hi..

I have a EPF trust

how should I do TDS on settlements if an employee withdraw within FIve years?
Should I Consider Slab for this?

Thanks & Regards

Praveen Kumar Mishra

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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01 April 2016 PF wihdrawl before completion of 5 years ,if PF limit less than Rs.30000/-upto AY 2016-17, Treshhold limit increased to Rs.50000/-TDS will not be applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2016 I guess you are replying about a case where PF deduction is deposited with rpfc..but here the case is different. We are an exempted establishment having our own EPF Trust. So the deducted amount is invested by us as per norms and when any employee exit from the company then either we settle his PF our Transfer

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