Hi all,
Can you please help me with the below query ?
Scenario:
- Sep-2006 to May-2012 (Tenure-1) : Worked for company ABC in India - Contribution to EPF account (Say Amount1 to UAN1 ) - { Service period > 5years , Amount1 > 50K }
- June-2012 to May-2014: Moved abroad for another assignment - Didnt withdraw any EPF amount (Account remained ASIS)
- June-2014 to Dec.2017 (Tenure-2) - Resumed working for same company ABC in India - Contribution to NEW EPF account (Say Amount2 to UAN2 ) - { Service period < 5years , Amount2 > 50K }
- Jan-2018 to Jan-2022 - Moved abroad for another assignment.
I had recently transferred the amount lying in UAN1 (Amount1) to UAN2 (Amount2), so all the contributions + interest is now in UAN2. I want to withdraw the full money (PF + Pension) via the Online Claim process .
Queries :
- Is TDS applicable only on Amount2 that was collected in UAN2 or the entire amount ( Amount1 + Amount 2) ? - Please note that service was > 5 years for the first tenure.
- Is it advisable to fill form 15G , if Amount2 itself even after deductions (80C etc.) will generate a tax liability ? - Trying to clarify as 15G should only be filled if estimated tax liability is to be NIL.