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WEF 01-June-2015, EPFO shall start deducting TDS at the prescribed rates from the amount withdrawn by the members from their EPF A/c before completion of 5 Years membership under following circumstances.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A. If PF withdrawn is more than or equal to Rs. 30,000/- then TDS shall be deducted.

B. If PF withdrawn is less than Rs. 30,000/-, the TDS shall not be deducted..

C. If PF withdrawn is more than or equal to Rs. 30,000/- and if member attaches his PAN card copy with Form 15G/15H duly signed by the member then TDS will not be deducted.

D. If PF withdrawn is more than or equal to Rs.30,000/-, and if member attaches only a copy of PAN card without Form 15G/15H, then EPFO shall deducted  TDS @10%.

E. If PF withdrawn is more than or equal to Rs. 30,000/- and if member do not attach PAN Card copy and Form 15G/15H, EPFO shall deduct TDS @ 36.608%.

(In Short of point C, D & E) If PF withdrawn is more than or equal to Rs. 30,000/-	PAN Card Copy	Form 15G / 15H	TDS Deduction Status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.