PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
RAMAKANT RDear Verma,
If the Provident Fund Deduction is less than 5 years then it will be added to your Income of the current year and it it is become taxable subject you are in tax bracket.
TDS is one way of payment of tax. If your Employer is not deducting the tax on the quantum of PF Withdrawal, then you will have to pay the same as advance tax.
From India, Pune
DEONARAYAN SINGHDear Sir,
I rendering the service for last 18 years and I want to clear the housing loan . If I clear the housing loan from withdrawing the money from P.F. an amount of Rs.4,00,000/- then TDS is applicable and if yes then how much?
From India, Howrah