is there any way I can avoid TDS deduction on my PF withdrawal?
CA Derick Machado (Senior Executive) (46 Points)
19 September 2018
What are the rules regarding the same.
1 Replies
Ramachandra Bhakta
(Student)
(605 Points)
Replied 19 September 2018
1. If your PF is less than Rs. 50,000 then you need not pay any tds.
2. In case PF is more than 50,000, TDS would be deducted @ 10% if you produce PAN.
3. However, the TDS can be avoided on submission of Form 15G.
Ask your employer to give you the composite form for pf withdrawal. Fill in the necessary details and submit to your employer with copy of PAN, Aadhar, Form 15G, Passport.
Regards,
Ramachandra Bhakta.
2. In case PF is more than 50,000, TDS would be deducted @ 10% if you produce PAN.
3. However, the TDS can be avoided on submission of Form 15G.
Ask your employer to give you the composite form for pf withdrawal. Fill in the necessary details and submit to your employer with copy of PAN, Aadhar, Form 15G, Passport.
Regards,
Ramachandra Bhakta.
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