It is not the question of PF being your money,this is the rule/law on the subject,we have to follow.
Tax exemption is given on PF contribution and if prematurely withdrawn attracts tax.
It all depends on how much money is accumulated and what was your income in that year.
If it is above taxable limit you will have no choice but to pay tax.
13th December 2015 From India, Pune
14th December 2015 From India, Panipat
It seems you posted the thread very casually and with different opinion towards compliances.
There are many clerical and typographical mistakes (I worked chnaged, organisation(fourth), so they they).
Pls be noted this forum is full with Professionals and experienced members. When you start any post it is clearly informed "Be Professional".
Now come to your point, Mr. Natharao has rightly said this is matter of law not any personal choice / view.
Yes, if applicable TDS will be deducted. But as per my opinion, the withdrawal amount will be treated as income for your current financial year. If your income is less than taxable slab you can claim refund through Income Tax Return.
Senior member, please correct me (if required).
15th December 2015 From India, Delhi
Your Claim amount below 30000 you have to submit form 15G alond with PAN Card if your PF claim amount is more than 30000 thousand you have to submit the pf From 15 H along with your PAN card. If you are failed to submit the those forms TDS will be deduct on your Claim amount. Further details please contact me on the Email: firstname.lastname@example.org
15th December 2015 From India, Bengaluru
Submission of Form 15G can and should be done with care.
One has to see his income for the year.
The year in which you withdraw PF,the amount of withdrawal will get added to taxable income.
Do not blindly submit form 15 G.
It is not just submit form 15G and avoid tax.
15th December 2015 From India, Pune
As rightly Mr.Nathrao and Mr.Singh said be professional in this forum whenever you raise any query This is the forum where we can share our experience and learn the things not any hypothetical questions or query
Labour Laws Consultant .,
16th December 2015 From India, Bidar