![]() ![]() In Budget 2016, the limit was further raised to Rs.50,000. Earlier the limit of such TDS was for capped at more than Rs.30,000 and above withdrawal amount. ![]() ![]() According to section 192A of the Finance Act, 2015, EPF withdrawal will attract TDS (Tax Deducted at Source) if the amount of withdrawal is more than Rs.50, 000 and you worked for less than 5 years. Moreover, you also have the facility to submit form 15G online on the website of most major banks of India.īefore knowing how to submit the form 15G, let us first understand the rules related to TDS with respect to EPF withdrawal. Additionally, this form can also be easily downloaded from the Income Tax Department website. Where to Get Form 15G?įorm 15G can be easily found and downloaded for free from the website of all major banks in India as well as the official EPFO portal. Also, you can avoid TDS, which is a great benefit. Recently, EPFO Unified portal launched a facility to submit EPF Form 15G for PF which allows the EPF members to withdraw PF online. ![]() As per the income tax rules, it’s mandatory for banks to deduct tax at source (TDS) in case the interest earned on your fixed deposit, recurring deposit, etc. Form 15G is a declaration that can be filled out by fixed deposit holders (individuals less than 60 years of age and HUFs) to ensure that no TDS (tax deduction at source) is deducted from their interest income in a year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |