PF withdrawl Person leaves a company after 4 years 10 months .
If money is with drawn Tax will be deducted . Can a person deposit some amount say Rs 1000 out of own pocket for 3 months . If with drawl is done after 5 yrs 1 month then no deduction . Is my thinking correct ? more
It is a statutory obligation arises during the tenure of employment, which the employer will discharge by making contributions to E.P.F
Employee cannot make any contributions to the E.P.F.O/PF Trust as the employee and employer relationship is ended.
One should see the tenure of employment and should have contributed for more than 5years to E.P.F.O/P.F Trust for avoiding T.D.S provisions or the employee can submit form 15G to E.P.F.O/PF Trust, if his PF amount along with his other taxable incomes are below the IT thresh hold limit of Rs.2.50 lakhs, for T.D.S not to be deducted from his PF withdrawals more
Employer will not make contribution for 2 months. Can employee make token contribution for 2 months ( say Rs 1000 per month). Pf is trust managed by company ( not EPFO). Please guide . more
It is not the withdrawals after 5 years but it is the contributions should be made for more than 5 years for escaping TDS provisions.
As per present EPF law the individual employee is not allowed to deposit any amount into his PF account directly but it should be deposited by his employer that to out of his employment tenure only. more
You need to hold EPF account for 5 years. Withdrawals after 5 years shall not be chargeable to tax. You can match voluntary contribution with statutory deduction by the company, otherwise not. more
Yes no TDS WILL BE DEDUCTED FOR WITHDRAWAL AFTER 5 YEARS more