Dear Seniors,
My Query regarding for pf withdrawal time govt. fixed amount less than 30,000/- no TDS & above 30,000/- TDS is applicable. I know about TDS calculation more than 30,000/- pf amonut ( like pan card submission, 15G/15H ). My question is why govt has fixed "30,000" limit. If there is any particular reason for that.
30th October 2015 From India, Mumbai
Dear Mr. Suresh, To my knowledge it is a privilege for low earning community. But note that if the member has a service of 5 years or more, TDS is not applicable. Abbas.P.S
31st October 2015 From India, Bangalore
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