PF withdrawal
Is tax deductable if the service is less than 5 years..do we need to update the pan details for the same to avoid any tax deductions and get it approved from the employer?? more
Viewed by 1040
Dear Madam, Online kyc updating and approval in UAN portal is required when you going to apply online. in portal there is no option of 15g i.e. Tax declaration. You please apply in hard copy submit Composit claim form 19&10c, 15g (in duplicate) and self attested KYC. no tax will deduct by PF office and total amount will released but 15g is must. more
Apr 19
Dear Sir,
Thank you for sharing your thoughts,but my employer have stopped accepting the hard copy of the forms and asked to apply for withdrawal online on the UAN portal as the PF department is now accepting online claim requests. Do i directly need to send the hard copy of the forms to the EPF department to process the claim and avoid getting my tax deducted? That's what you meant? more
Thank you for sharing your thoughts,but my employer have stopped accepting the hard copy of the forms and asked to apply for withdrawal online on the UAN portal as the PF department is now accepting online claim requests. Do i directly need to send the hard copy of the forms to the EPF department to process the claim and avoid getting my tax deducted? That's what you meant? more
Apr 20
Dear tejaswini,Your service like 1 year or 50 year, no problem, tax deduction on your monthly gross salary if o to 300000 tax deduction zero, If above 3lack to 5lack tax deduction 10%, above 5 lack 20%'On total amount of pf which dedicated in your salary get you tax revet a Max limit up 150000.00 like amount of pf, Lic, ppf etc.You can widral pf amount of living service orGet lone after 5 year service,Pan card required to employer only then after u can return file through CA ThanksAkhilesh7389867249 Sent from Yahoo Mail on Android On Thu, Apr 19, 2018 at 8:17, Tejaswini Khawase wrote: more
Apr 19
Yes Tejaswini , PAN has to be approved by employers. If service is below 5 years then the government deducts 10% tax before paying out . The rest 21.5% has to be paid by you when you are filing your tax returns at the end of the financial year . Sent from Yahoo Mail for iPhone On Thursday, April 19, 2018, 8:29 AM, Tejaswini Khawase wrote: more
Apr 19
Ok...so if i get by PAN KYC details approved from my employer and update the PAN details whil filling the online claim formthe deduction will be 0 on my PF withdrawal amount? more
Apr 20
Mr.Ashok is correct. If you submit 15G form duly attested by you employer, along with 19&10C,you will get reduction in 10% tax deduction in payment of P.F. more
Apr 19
