Tax on PF Withdrawal: New PF Withdrawal rules

The approach behind the Employee Provident Fund (EPF) scheme is to provide significant benefit to the employees at the time of their retirement. The scheme specifies that a nominal amount is deducted from the salary of an employee as a contribution towards the fund. According to the latest circular, which has got affected from June 1, 2015, changes have been made regarding the Income-tax rules on the EPF withdrawal by one of the biggest retirement funding associations worldwide, Employee Provident Fund Organization (EPFO).

(Update: Budget-2016)

Payment of an accumulated balance to pay an employee from PF, the threshold limit increased from Rs. 30,000 to limit Rs. 50,000. So, TDS is not applicable if PF withdrawal amount is less than Rs 50,000.

PF Withdrawal Rules associated with TDS

Cases where TDS is not applicable

  • If the amount, which is to be withdrawn as PF is less than Rs. 30000 Rs. 50,000.
  • No tax on pf Withdrawal after 5 years or more of continuous service.
  • If an employee withdraws an amount of more than or equal to Rs. 30000 Rs. 50,000 before 5 years but submits Form 15G /15H along with his / her PAN.
  • When a transfer of PF is from one A/c to another A/c.
  • Being an EPF member, if the service has been terminated due to ill-health and he withdraws his accumulation (balance).
  • If the employer discontinues the business or any cause beyond the control of EPF Scheme’s member (Employee).

Cases where TDS is applicable

When accumulation is more than Rs. 30000 Rs. 50,000 and the employee i.e. the EPF member has worked less than 5 years, then two cases are there:

  • Deduction of TDS will be at 10% if PAN is submitted, but 15G/15H Forms are not.
  • Deduction of TDS will be at maximum marginal rate i.e., 34.608% if PAN is not submitted.

 

Flowchart: TDS on EPF Withdrawal

 Some other important key points:

  • If the subscriber has submitted all the required forms, then he/she will get an exemption from TDS with no taxable income.
  • TDS will be deducted under Section 192A of Income Tax Act, 1961 and it is deductible at the time of payment.
  • Form 15G and 15H are self-declarations and may be accepted in duplicate.
  • If the amount of withdrawal is beyond 2,50,000 or 3,00,000 respectively, then Forms 15G and 15H cannot be accepted.
Comments ( 111 )
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  • Anonymous

    I left my company in India in Feb’24 and moved abroad. I worked for my last company in India for around 8 years and now I would like to withdraw my PF. Please let me know the procedure to Withdraw the PF and will this amount tax exempted?

    • SAG Infotech

      “Contact to income tax department”

  • sukesh

    Hi sir my father is working in a factory for 40 years and 4 years of working period is left and he wanted to withdraw his pf amount( excluding pension) for house construction. so if he withdraws the complete amount at once( having left his working period left) any tax or TDS is applicable for it and for such purpose which form should be filled, how much tax it would be please kindly knowledge me in this regard.

    • SAG Infotech

      Any PF Amount withdraw before 5 years is taxable and any amount withdraw after 5 years of continuous service is exempt.

  • Faran

    I had been employed with a firm and got UAN(1), when I left I withdrew my PF too and that UAN(1) closed[Duration of working – 2 years] if the 2nd company I got UAN(2) when I left and joined 3rd company that UAN(2) was carried forward [Duration of working in 2nd and 3rd company combined is 3.5 years]. Under my PAN, only UAN(2) is showing. So:

    1. do I fall under Less than 5 years of service and hence have to fill Form 15G (as every time I applied they are asking me to fill from 15G).
    2. If Yes, then the total estimated Income for PY should be PF amount + Approx Salary?

    Need help with these 2 questions.

  • Manish Saini

    Is TDS applicable on the whole amount of Employers share, Employees Share & even Pension amount if it reaches 50000/-

    Or it is applicable only when the employer & Employees share is more than 50,000/-

    Please clarify this doubt.

  • Amit

    I worked for a company for 4 years (Jyly 2011 – June 2015) and I have one UAN(1) for this. Currently, I am working with another company for the last 4 yrs and 7 months(July 2015 – current) and here I have new UAN(2). Also, the account/EPF transfer of the previous company was not done yet.

    Now I want to withdraw my full EPF from the previous company – UAN(1). The reason for leaving service is mentioned as “CESSATION (SHORT SERVICE)” for UAN(1). The combined EPF amount is more than 4 lacks. My question is here if TDS will be applicable for the withdrawal. if yes, then is it on the total amount or just on interest received.

    • SAG Infotech

      Withdrawals of PF before completion of 5 years of continuous service are subject to tax. Withdrawals after completion of 5 years of continuous service in the EPF are tax-free. So if you withdraw the PF amount before the completion of 5 continuous years of service, the principal amount, as well as the interest accrued, is subject to tax.

  • Anand Ronad

    Sir, I worked for an MNC company for the period of 14 years and during this period PF contributions were contributed continuously. Then I resigned the job and remained jobless for the period of six months (No PF contributions). Then, I re-joined the same company as a consultant (contractor) and a fixed PF amount is contributed every month after creating a new account. Employer is suggesting to transfer old PF amount to new account (of course same UAN ). But this contract is only for 24 months! So my questions:

    1. Is it good to transfer old PF amount to new account? If yes, when I withdraw after 24 months, is there any TDS? ( please note 6 months gap between two jobs).
    2. I am 49 years old and can I withdraw all components of PF (my share+Employer share+pension amount)?

    Please advice,
    Thanks

    • SAG Infotech

      Legally an employee should transfer his PF account to a new company when he changes his job. Yes, You can transfer Old PF account to new one simply through online process.
      If you want to withdraw PF amount and if you have completed 5 years of continuous service in single or multiple companies, you are eligible to withdraw PF amount and the return are tax-free. As you completed 14 years service so you can withdraw PF amount and it will be tax-free.
      If you withdraw PF amount after 24 months, treatment will be the same and withdrawn PF amount will be tax-free because you have completed 14 years of continuous service.

  • sameer kumar

    Sir,

    I have the following Queries-

    1) can UAN number be generated for Old In-operative Account for year 2007-2008 ?
    2) How can I get Date of Joining and Date of Leaving details if my Ex-employer is lost.
    3)If I Physically Visit Regional EPFO , The process of My Name correction if required may resolve in one day?
    4) How can I follow up for above process and check the progress?

  • Devendra Prasad

    Hi,

    I have left an organisation after 6 years and joined another organisation, but due to some situation I have left the same after 5 month, but I have transferred my pf amount old organisation to new organisation, currently, I am not working, can TDS applicable when I withdraw my pf amount please suggest.

    • SAG Infotech

      No TDS will be deducted if the PF amount is withdrawn after a continuous service of 5 years.

  • sampath

    Hi,

    I applied for pf advance under form 31, they approved Rs. 7500 and received that amount. Now I am terminated and unemployed and applied pf amount only under form 19 for total amount Rs .47000, my UAN not attached with PAN due to an error in my father name. I have 2 years of experience.

    For this transaction tax would be applicable?
    Please advice.

    • SAG Infotech

      If the amount has been withdrawn before completion of 5 years underemployment and reasons other than termination by reason of the employee’s ill-health, or by the contraction or discontinuance of the employer’s business or other cause beyond the control of the employee, the withdrawn amount will be taxable.

  • Neha Mundhada

    I have served in my previous organization for less than 5 years from May 2010 to April 2015. And I have withdrawn PF after 7 years in Nov 2017. My question is whether this PF amount is taxable?

    • SAG Infotech

      It will be taxable since word “continuous employment for 5 years” have been specified to be eligible for exemption.

  • Sachin

    I have served in my previous organization for less than 5 years from May 2010 to April 2015. And I have withdrawn PF after 7 years in Nov 2017. My question is whether this PF amount is taxable?

    Thanks,

  • AJAY AGGARWAL

    I was asked to resign after serving for 4.5 years i.e June 2016. After 5 months of unemployment in November, I applied for PF transfer in UAN no. Being Pvt PF Trust they denied and asked me to file for the refund along with Form 15-G/15-H and assured it will not be taxable. Due to the difference of name in Bank A/C and PF, a/C refund was not made in FY 2016-17. subsequent to corrections and resubmit of documents refund was made in October 2017. They deducted TDS on the EPF Refund. In Dec 2016 I got employed and got the refund of 100 % tax deducted for being low in income. Whereas with this additional income of EPF taxable income falls in 30 % slab. This way there is double penalization. Please clarify a. is the EPF withdrawal is taxable since refund has been made after 5 years through years of service is < 5 years. (b) If it is taxable why not this income be considered in the FY 2016-17 in place of 2017-18.

    Your suggestion is important and where and how the case be presented in the taxation department.
    Thanks and regards,

  • KRISHNAMURARI GANGWAR

    I HAVE WORKED IN A COMPANY FOR 5.5 YEARS. EMPLOYER HAS DEDUCTED PF FOR LAST 3.5 YEARS, I HAVE RESIGNED ON COMPLETION OF 5.5 YEARS. AND JOINED OTHER COMPANY WHERE NO PF DEDUCTION. I HAVE WITHDRAWN PF AMOUNTING RS. 251608.00 AFTER 6 MONTHS OF LEAVING PREVIOUS COMPANY.

    PF DEPARTMENT HAD DEDUCTED 10% TDS REFLECTING IN 26AS. PLEASE ADVICE THE AMOUNT WITHDRAWN WILL BE ADDED TO MY INCOME OR NOT. CAN I CLAIM FOR REFUND?

    REGARDS
    KM GANGWAR

  • v k v Raju

    I am retired in the month of April 2018. I want to retain the P.F. amount hoping to fetch interest another 3 years even TDS is deducted on interest. I have so far not withdrawn my P.F .at any time. I understand the current P.F.rules does not permit and if I do not withdraw the total amount no interest is paid and it goes to inoperative account.

    Please clarify the above is correct. Request for immediate advise.
    Regards

  • Rajeswari

    I have worked in the company for 2 Years and they terminated my contract because of their poor business. I have PF account and UAN with them. After 6 months I joined another company where I have another UAN. I have not transferred my PF to the new company. Now please let me know
    1) Can I have final settlement / withdraw total PF from previous company ? is it taxable since I was terminated and there is a gap of 6 months between these 2 jobs

    2) If I resign present company as well and leave both PFs with not joining any other company and withdraw after 58 years what is the Income tax and interest on my pf with both companies.

    • SAG Infotech

      1) Yes, you can withdraw the PF amount. It will be taxable since the amount is withdrawn before 5 years.
      2) In the second case, if you withdraw the amount after 5 years, then no tax liability will occur.

  • Manoj

    Hi Sir,

    I would like to know that my company payroll has been changed, I mean to say that company is still same but payroll changes, in my previous payroll

    Pf amount has already been deducted for 4 years my last relieving date is 31oct 2018 and new pf is not merge because of data mismatch problem with the previous pf, and my total pf is 64000 and before this company I had worked for different company for more than 1 year 8 months and I had withdrawn the pf amount ,so my question is my previous 18 month will be add in 4 years or not because previous pf amount I had already withdraw, and many of my friends had withdrawn pf in same company ,they merge both previous and current pay roll but their service are less than me but no amount is taxed, they all get the full amount ,but they had done online, for me please suggest for offline pf withdrawal

  • muan

    I am unable to update my PAN card and my Pf balance amount is around 60k, I already apply online once and was rejected as amount crossed 50k, do I claim it?

    • SAG Infotech

      Online PF withdrawal is not possible unless KYC (PAN, Aadhar no.) has been done. Contact Department’s helpdesk for issues in updation of PAN.

  • susi

    how many times withdraw from pf advance amount?

      • chandra shekar

        I have claimed PF online but my pan is not verified. Is there any chance to stop the PF Claim. Bcz I have not worked for 5years.

          • chandra shekar

            Contacted through the mail. Not able to cancel. Can have any contact details or mail id to cancel…

          • chandra shekar

            Can I Do tax return if not attached the PAN card later or nowhere to get money back?

    • susi

      Already one time I have withdrawn some amount in my pf. (Pf advance). So how many times I can take the remaining amount. If there are any limits. Example (2 or 3 times) or more than. Please clarify.

      • SAG Infotech

        No there are no such limits for frequency of withdrawal.

  • Kumar

    I had applied for Partial withdrawal of EPF. But I had not completed 5 years of service. Then what will be the percentage of TDS deducted from my withdrawal? When the TDS will be deducted. Can the Deducted TDS claim back? If so what is the procedure to claim the TDS Back? How long will it take to claim the TDS back? Please give me in brief.

    • SAG Infotech

      TDS will be deducted @ 10% and you can claim the TDS deducted by filing ITR for the concerned financial year.

  • Yashvant

    I have completed 5 years and still in the same job, Is it taxable if I withdraw more than 50,000?

    • SAG Infotech

      If you withdraw after completion of 5 years, then the tax would not be levied.

  • susi

    Hi,

    I am currently working in the same office for last two years. Now I am eligible for pf to withdraw? My employee share is 20000 and employee share is 19500. so how much amount is eligible for withdrawing. And also I am uploading my PAN number is shown error “pan verification failed(name against UAN does not match with the name in income tax department)”. So how to resolve the issue. without PAN number I have withdrawn the PF amount is taxable or not. Please guide me.

    • SAG Infotech

      An Employee cannot withdraw Employer contribution to EPF before 58 years. An Employee can withdraw 90% of EPF balance once he reaches the age of 57 years. EPF membership does not end with leaving the job. Also if employee withdraws an amount of pf before 5 years of service then, the entire amount received is taxable. in case of name mismatch, please check details in your pan and name against UAN.

      • susi

        Thanks for your information. If below 5 years of service and also continuing the current job, withdrawing the amount of below 30000 is taxable or not. Because you mentioned the above chart below 50000 is not taxable. Please clarify.

        • SAG Infotech

          If you withdraw below than Rs. 50000/- then TDS will not be deductible.

          • susi

            Thanks for your information…

  • GOVARDHAN

    MY PF AMOUNT BELOW 5OK. I NEED TO SUBMIT PAN OR NOT FOR WITH DRAWL OF AMOUNT PLEASE REPLY.

    • SAG Infotech

      As per new KYC rules under PF, PAN number is mandatory to be linked with PF a/c.

  • DJ

    I worked in two organization 1st Org 7 Years and 2nd org 6 Months. I transferred my pf account but system showing “CESSATION (SHORT SERVICE)”.So my PF is taxable or not.

  • Sivabalan

    Hi,
    I have worked for 2.5 years and I would like to claim the PF via online mode. My PF amount withdrawal will be >50000 and hence I have to submit the 15G form for tax exemption. Is there a way to submit 15G form online?

    • SAG Infotech

      You just have to submit Form 15G declaration in a hard copy to the TDS deductor. The deductor would file consolidated Form 15G online.

    • SAG Infotech

      There is no such method to file Form 15G online.

  • RAJESH

    Hi,

    On UAN name is Rajesh

    Pan name is Rajesh Mehta (verified on UAN)

    PF amount less than 50k.

    Then can I withdrawal PF.

      • RAJESH

        If PF amount 77k then withdraw the amount or not with same above issue.

  • jasleen

    I have transferred the amount from my old pf account to the new pf account through online.Now the employee share and employer share amount are reflecting in my new pf account but the pension contribution amount is not added from the old pf account to the new pf account. Why it is so?and how can I get that pension amount?

    • SAG Infotech

      It will get transferred within 20-25 days but if still, it doesn’t work, contact to EPFO helpdesk.

  • Yashpal Singh

    I have worked with ICiCI bank for about 4 years, left the job in 2010; now I am working in a company from 2 years, got UAN from current employer after checking the epfo portal, I can see only last 2 years of deposit to my pf account, as I want to withdraw money for PF this is attracting TDS as it is only showing 2 years of service, how to add up that period when no UAN service was available.

  • Eugene

    I have completed 3 years of service before leaving my last company. However, I had transferred my PF from my previous employer where I had worked for 7 years. Will my PF withdrawal be taxable? The online portal shows the DOJ of PF as the date when I joined the last company.

    please help!

    • SAG Infotech

      As you have completed 5 years of continuous service (in total), no withdrawal will be taxable.

  • murali

    Sir, I have been working for 3.5 years in the same organisation just I want to avail the pf amount for medical emergency due to this reason can I get pf amount without tax. I have medical reports also available

    • SAG Infotech

      As per new rules of withdrawal, for medical treatment purpose, you can withdraw the amount up to 6 times of your monthly salary or available fund in pf a/c (whichever is lower). But TDS on that amount will be deducted and you can claim the refund of TDS while filing the return of concerned FY.

  • sameer

    Sir, I want to online claim EPF Amount but whenever I click on claim form tab it shows under maintenance. I am suffering from the last 10 days. EPFO is the highly reputed organisation and such a loose point?

  • anand G

    I had worked in a company for 43 months and I left that in last year in April – 17, since then doing business and had not withdrawn PF money, will this 12 months period add to earlier 43 months and can i withdraw PF after another 5 months without tax liability when total 60 months period of PF account is completed, although 17 months are such when no PF contribution happened in my account

    • SAG Infotech

      As per rules continuous employment of 5 years will be counted and also if you remained unemployed for more than 2 months, you can withdraw the amount and that too will be taxable. It doesn’t matter if you withdraw it after completion of 5 years as you are not employed now.

  • sandeep kumar

    I have worked 2.5 years in the old organisation but now I am working in the new organisation. My old pf account has RS 1 lac amount. I want to withdraw that amount. Because I have two UAN number one for old and second one for the new organisation.

    So let me know does TDS deduction applicable on this amount or not.

  • Murali

    I am right now working in a company with 4.4 years of experience. Right the amount share in my account is as follows: i) Employee share: 66,612 ii) Employer Share: 21,459 iii) Pension Contribution: 43,502

    So I am planning to withdraw the above amount after 5 years. So will it be taxable? What are all the components that I can withdraw (only Employee & Employer share or all including Pension fund)? If I plan to switch a company in between do I need to transfer the amount or do I need to open a new account for withdrawal? If I do it will that be taxable? Confused with all these questions please do clarify the same

    • SAG Infotech

      If you withdraw after completion of 5 years, then no amount will be taxable and if you switch your job then you not need to open a new pf account, you can continue with the same account and can withdraw after completion of 5 years (in total). But if you withdraw the amount and open a new a/c, the withdrawal will be taxable.

      • Murali

        With reference to your statement that I can continue with the same account and can withdraw after completion of 5 years (in total), will it be possible to withdraw all the amount from my current pf account while I am working for a company in present? Do I need to provide a valid reason for doing so or else I can withdraw my amount just like that as I have completed 5 years of service including my previous company experience?

        • SAG Infotech

          You can withdraw pf amount while on the job only for the defined reasons as are stated by EPFO and also the eligible amount and requirement of minimum service period are provided by EPFO, so you have to look after for these before withdrawal.

  • Syed Ahmed

    Dear Sir,

    I have completed my 3.5 years service, so now want to withdraw the pf amount without any deductions, request you to suggest, what should I do.

    • SAG Infotech

      IF pf amount is withdrawn before 5 years, TDS @ 10% will be deducted.

  • Deepak Sharma

    Hi,

    I have worked for 3.9 years in 1 organization, Is 10% TDS applicable in cessation (SHORT SERVICE) case? if yes, then how can I remove this deduction. Can I apply form 15/H online?

    • SAG Infotech

      PF withdrawal before 5 years will attract TDS @ 10% and form 15H is for no TDS deduction on interest paid by the bank, so this form is not applied in your case.

  • sunil kumar

    Sir,

    As I have resigned 3 months ago and I have 9.7 Years of Aggregate service. 10% TDS is applied to my online claim of Rs. 70000. Please explain why and what can I do now?

    • SAG Infotech

      As per rules, TDS would not be deducted but as TDS has been deducted, you can claim the refund for the same by filing ITR for the concerned period.

  • R.Naveen Chandar

    I have completed 1.6 years of service in the same company and my current PF balance lying as Rs. 39,000 including all employee, employer and pension contributions. So now I want to withdraw the money. So is there any TDS or tax deductible for this amount???. So please advice.

    • SAG Infotech

      As you are withdrawing amount before 5year and as your withdrawal amount is more than Rs.50000, so TDS @ 10% will be applicable.

  • sunil kumar

    I am jobless from last 4 months, I have 9.8 years of aggregate service (in 2 companies).
    I have two queries –
    1) Can i withdraw full PF balance ( employee+ employer share) or only employee share + interest ?
    2) can i withdraw partial/full EPS amount using offline procedure in some emergency conditions?

    • SAG Infotech

      As you have completed 5 years of service, you can withdrew full amount i.e. employees ‘s share/ employer’s share with interest.

      • MSekar

        You have informed that we can withdraw the entire amount of PF (Employee share+Employers share + interest on both) subject to completion of 5 years of service. However, the new PF rule says that Employers contribution can be withdrawn only after attaining the retirement age. i.e., 58 years. Hence, despite our new rule, can we withdraw the entire amount of PF (Employee portion + Employer portion)

  • Sudheer Nair

    Hi,

    I worked in the first organisation for 6 yrs 7 months and 4.5 months in second organisation, together nearly 7 yrs, under the same UAN. At what % TDS will be deducted??

    My PAN is not verified, though.

    Please advise.
    Thanks

  • Nikhil Sharma

    Hi,

    I have worked in my previous org 3 yrs and left 3 yrs ago so the total of 6 years.

    Below is the statement received in my E passbook for PF.

    Employee Share 86,789.00

    Employer Share 45,967.00

    What amount will I receive if I withdraw?

  • sumant

    Hi,

    I received less amount for my pf withdrawal, when I called pf office, the person from pf office told me that some amount got deducted for TDS as I did not submit the 15g form. This was my last organisations’ responsibility to submit the required form or ask me to submit the same before submitting the pf withdrawal forms.

    Can I now ask for the refund of the deducted TDS? What is the procedure?

    • SAG Infotech

      You can only claim the refund by filing income tax return for the concerned period.

  • Sourabh

    SIR

    I was employed with a company for a continuous period of 3 years and then changed my job with a new employer where also I am continuing for last three years. Balance in my PF account of the previous employer is lying in old account whereas the balance of new employer is a new account.

    MY query is:
    1. can I withdraw from Both accounts, if yes then what shall be a tax liability
    2. If I withdraw from old account than what shall be the position

    Sourabh

    • SAG Infotech

      You can withdraw from both accounts but as you have not transferred pf amount from old account to new account and also not have completed continuous 5 years of service, the tax will be charged on withdrawals and as well as if your withdrawal amount exceeds 50000/- EPF dept. will also deduct TDS @ 10%.

  • Selvam

    Hi,

    I had worked 2 years 6 months service with my previous employment and then transferred the PF amount to current employment. Now, 2 years 5 months services are completed in the current employment and I am still working in the current company.

    My question is, Shall I withdraw the PF amount (employee’s share) from current company PF account as 5 (2.6+2.5) yrs are completed?

    If is it possible, any TDS will be deducted and what %?
    Kindly advice.

    Thanks,
    Selvam

    • SAG Infotech

      As you have not yet completed 5 years of service, so if you withdraw any amount from PF a/c exceeding Rs. 50000 will attract TDS @ 10%.

  • KARTHIK

    I had completed 5 years 5 months service with my previous employment and changed my job in May 2017. Previous employment PF balances not transferred to new employment PF account.

    I would like to know:

    -whether TDS applicable on previous employment (5+ years) PF balance withdrawal? or
    -is it advisable to transfer previous employment PF balances to new PF account and then withdraw?
    -any other suggestion is appreciated.

    Thanks

    • SAG Infotech

      TDS will not be applicable if you continuously serve for 5 years.

  • Sanjeev

    I have completed 10 years of service in the same company. Now I have quit the job and not joined any other company. Now I want to withdraw PF, Can I withdraw entire PF amount? Is TDS applicable even working more than 5 years? kindly advice

    • SAG Infotech

      If PF amount is withdrawal after 5 years, then TDS will be deducted.

  • Arun Mitra

    I have 18 lacs pf accumulated (employee + employer portion). I have completed more than 5 years of service.

    If I withdraw PF will I have to pay

    1) Pay TDS during withdrawal and/or

    2) At the time of filing return (being treated as an Income)?

    I am in financial crisis and needs the fund very badly.

    Request a kind response from a fellow member here on site

    I shall be grateful to get a response.

    Regards

  • Renjini

    I have withdrawn my PF and pension amount online after 5 years of service (starting from May 2012) recently. In this 5 years, I have worked in 2 companies with a gap of just 5 days in joining the next company. I have received my pension amount in full as specified in the PF passbook i.e Rs.1,38,000 but when I applied for pension withdrawal there was a reduction in an amount by Rs. 6,937 (I received Rs. 42,575) where the actual amount in PF passbook was Rs. 49,512. Is there a TDS? Do I need to raise a complaint? Please comment.

    • SAG Infotech

      As per sec 192A, TDS will be deducted from the withdrawal of PF amount exceeding Rs. 50000/-

  • amit

    I was withdrawn 200000 from my pf account, but an amount of 184000 only debited in my account, Is there any tax liability on me. My annual income in tax slab

    • SAG Infotech

      Generally on withdrawal of amount from PF exceeding Rs. 50000/- attract 10% TDS.

  • LALIT KUMAR

    My pf amount was 150000 on Apr-2017 and when I withdraw my pf amount then pf department 10% deducted TDS from my pf amount, so I want to know how I can withdraw my TDS amount?

    • SAG Infotech

      If your amount of PF was not liable for TDS deduction then either you can claim the amount of TDS as a refund after filing the ITR for the period 2017-18 or you can ask the Pf department to rectify their mistake.

  • vartika

    I have 3.4 lakh PF amount and I left my job in Feb 2017 and started working a small startup from July 2018 ( No PF there). Now I wanted to take out my PF through the online system only as my last employer has shut shop in India (it was a Singapore based organization). The online UAN profile shows my AAdhar number and PAN Numbers.

    1. Can I assume that my Aadhar and PAN KYC has been already done by my previous employer?
    2. what is the post Tax PF? I will get into my account? 3.06 (after deducting 10%)? or are there any other deductions?
    3. I stay in Mumbai and there are like 10+ EPF offices? So can I submit my forms directly to any PF office? Also, can we submit everything online or we have to physically submit the documents to the offices?

  • Chandrashekhar

    I have withdrawn the PF in Aug 2017 i.e. before 5 years of continuous due to personal reasons. The PF amount is say Rs.4,00,000/ and TDS deducted Rs.40,000/- (at 10% along with form 15G/H). Now I got the Job and my Income from salary would be Rs.7,00,000/- in this FY.

    My question is, PF withdrawn amount will be added to my income, in this case, i.e. Income from Salary 7,00,000/+ PF withdrawal amount 4,00,00/- = 11,00,000/-?. OR I need to pay the tax towards my salaried income i.e. 7,00,000/- only?

    Please advice.

    • SAG Infotech

      In case of withdrawal before 5 years of continuous service, the whole amount shall be chargeable to tax. thus tax will be levied on Rs. 11,00,000 in your case.

  • Anirudh

    Once you left the service and completed 2 months without job then you are eligible to withdraw both portions (Employer’s and your) by submitting forms either through your employer or applying directly to UAN website (in case applying on UAN portal you need approved KYC ..aadhaar card and Bank account)

  • Subramanyam

    I have 84k Pf amount I submitted all documents through online. PF withdrawal also requested through online but my pan says not verified. may I know the how much TDS will deduct and it is credited to My TDS account or not?

    • SAG Infotech

      As per the provisions of the TDS Act, the rate of deduction is 10 percent on the submission of the Permanent Account Number (PAN). Deduction of TDS will be at maximum marginal rate i.e., 34.608% if PAN is not submitted. Yes, it will be reflected in 26AS.

  • Ramesh

    I have worked in a private company for 4 years where my pf was getting deducted and i have another 3 lakh rs of accumulated pf balance. Now I have taken up another job where the employer is not deducting pf. When can i withdraw my accumulated pf balance and will it be taxable ? Should I leave it with the PF organisation for 1 year so that 5 years is completed and then apply for withdrawal? Please advice

  • MOHD ASIF

    After how many days of resignation full amount of pf can be withdrawn?

    Kindly help for same

    • SAG Infotech

      The EPF members cannot withdraw full PF amount before attaining the age of retirement. The maximum withdrawal on cessation of employment cannot exceed an amount aggregating employee’s own contribution and interest accrued thereon. You can withdraw your contributions + interest portion only. The employer’s portion can be withdrawn after attaining the retirement age

  • prithwiraj das

    I have worked in a private company for 2yrs. Where pf was cpf. After that I join a state govt firm which is under gpf scheme. So it is mandatory to withdraw my cpf from the last company. Now I want to know whether this money is taxable or not.

  • Suneetha

    I have completed 12 years of service in the same company. Now, if I have plans either to quit job permanently or shift to other job, can I withdraw entire PF amount per latest tax rules. Heard that Employer PF and interest cannot be withdrawn. Please advice