4/6/2024 0 Comments Pf form 15g withdrawal formIf employee withdraws amount more than or equal to Rs.TDS is applicable in the following scenarios 30,000/- (Rs 50,000), with service less than 5 years but submits Form 15G /15H along with his / her PAN. If PF withdrawal amount is less than Rs 30,000 (new limit is Rs 50,000).On discontinuation of Business by the Employer or any cause beyond the control of EPF Scheme’s member (Employee).On Termination of service due to ill-health of EPF member and withdraws his/her accumulation.On Transfer of PF from one account to another PF account (EPF A/c).TDS is not applicable in the following cases The provision shall take effect from June 1, 2015.” EPF Withdrawals – Provisions related to TDS As per EPFO’s circular, “the Finance Act, 2015 (20 of 2015) has inserted a new section ‘192A’ regarding the payment of accumulated provident fund balance due to an employee.
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