PF withdrawal

Posted on April 26, 2016 by SRRF

Dear Sir

Good evening!!!

Please tell me about how fill up15 G form of Pf withdraw.

Thanks
Vijkendra Kumar

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2 Responses to PF withdrawal

  1. Subhash Mittal says:
    May 20, 2016 at 11:33 am

    Thank You Mr Panchal for very practical and useful information.

  2. N.D. Panchal says:
    April 27, 2016 at 10:45 am

    Dear Sir,

    TDS is deductible at the time of payment of PF under section 192 A of the Income Tax Act 1961.

    If form no. 15 H for Senior Citizens( 60 years and above) and Form no. 15 G for individuals having no taxable income.

    Form no. 15 G and 15 H are self declarations and required to be submitted in duplicate.

    If employee withdraws PF amount more than or equal to Rs. 30000 with less than 5 years service ,then, TDS will be deducted @ 10% if Form no. 15 G /15 H is not submitted provided PAN is submitted.TDS will be deducted at maximum marginal rate i.e. 34.608* if employee fails to submit PAN. It is advisable to obtain PAN.

    Please download Form no. 15 G which is self explanatory and same which we give to banks etc. and problem in this may be intimated so that reply can be given

    N.D. Panchal
    Chief Accounts Officer
    website:www.ceeindia.org

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