EPFO-Instructions For Deduction of TDS on Withdrawal from PF

Instructions For Deduction of TDS on Withdrawal from PF

WEF 01-June-2015, EPFO shall start deducting TDS at the prescribed rates from the amount withdrawn by the members from their EPF A/c before completion of 5 Years membership under following circumstances.

Please note that tax incidence would arise only if a member is withdrawing his PF before completion of 5 Years of his membership with EPFO subject to following:

A. If PF withdrawn is more than or equal to Rs. 30,000/- then TDS shall be deducted.

B. If PF withdrawn is less than Rs. 30,000/-, the TDS shall not be deducted..

C. If PF withdrawn is more than or equal to Rs. 30,000/- and if member attaches his PAN card copy with Form 15G/15H duly signed by the member then TDS will not be deducted.

D. If PF withdrawn is more than or equal to Rs.30,000/-, and if member attaches only a copy of PAN card without Form 15G/15H, then EPFO shall deducted  TDS @10%.

E. If PF withdrawn is more than or equal to Rs. 30,000/- and if member do not attach PAN Card copy and Form 15G/15H, EPFO shall deduct TDS @ 36.608%.

(In Short of point C, D & E) If PF withdrawn is more than or equal to Rs. 30,000/-	PAN Card Copy	Form 15G / 15H	TDS Deduction Status
	Attached	Attached	No Deduction
	Attached	Not Attached	TDS Deduction @ 10%
	Not Attached	Not Attached	TDS Deduction @ 36.608%

Click here to get a copy of  "Gazette Notification with EPFO Web Circulation Letter" for further complete information.

 

HR and Mobile Technology

HR and Mobile Technology

HR and Mobile Technology

We are in the world of economy and corporate where HR plays big rolls to accommodate capitals.

Technology always changed and today’s scene says “Yes it’s compulsory for us to make compact our life styles”.

As per recent research on the “Uses of Mobile Technology by HR” is Rare. And due to that the technology Gap is playing a negative roll with HR.

A. HR Management System,

B. Human Capital Management and,

C. Social networking

These are the three most important trends where technology runs a big game to make things simple and oriented. Mobile Technology will turn you around the world.

Mobile technology making enrich to the world and human beings, in daily life using various type of applications instead of using Desktop or Laptop cause mobile is first. Technology making life compacts.

HR is to be Mobile friendly to keep trends up-to-date and upgrade before the generation gap.

Result always depends on the accuracy and consistency, where mobile technology or technology gives the same.