Download Form 15G or EPF Form for TDS on EPF Withdrawl PDF – TDS Application Form for EPF Withdrawl PDF
This post will provide a PDF of Form 15G for TDS Withdrawl. You can find the TDS Application on PF Withdrawl Procedure, which you can also download in PDF format at the end of the post.
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TDS Application on EPF Withdrawal
According to EPF withdrawal rules, Form 19 is important. It is also known as the EPF withdrawal form. EPF withdrawal rules say that it is necessary to quote your Permanent Account Number for all claim transactions.
Two forms, namely 15G and 15H, are required to be filed to declare that the employees’ income would not be taxable after receiving the payment of their EPF accumulations from the retirement fund body.
You can also submit this form in the case of a tax on your total income. This is also applicable when the EPF balance withdrawn is Nil. It is important to remember that you have to submit the duplicate of Self-declaration Forms 15G and 15H Forms, as per EPF withdrawal rules. 15G and 15H are not acceptable in cases where withdrawals are over 2, 50,000 or 3, 00,000, respectively.
Tax and TDS on EPF Withdrawl
- TDS on EPF withdrawal is applicable if you withdraw Rs. 50,000 or more from your employee provident fund before five years of continuous service.
- No TDS will be applicable if your withdrawal amount is less than Rs. 50,000.
- No matter the amount of withdrawal, you will have to mention this EPF withdrawal as your return on income if you come under the tax bracket.
- You must pay a 10% tax rate if you withdraw over Rs. 50,000 without PAN.
- You do not have to pay TDS on EPF withdrawal if you fill up the 15H and 15G forms. In this case, too, you have to mention EPF withdrawal as your return on income.
Checkout:
You can download the TDS Application for PF Withdrawl Form from the download button below.
We hope you find this content helpful and can download the PDF for the Form 15G for Tax on EPF Withdrawal.
