Hr Consultant
+2 Others

Thread Started by #Rajeev HR

Dear All,
Please suggest that is it mandatory for an employee to submit his/her PAN card copy while withdrawing the pf amount.
Also, do help to know what forms he has to submit to PF office for his/her pf amount withdrawal.
19th October 2016 From India, Chennai
if the EPF member contribution is less than FIVE years, then the member has to submit PAN CARD copy and form 15G both, with a cheque copy with IFSC code no and name printed on cheque ( otherwise passbook front page xerox copy)
use form 19 for EPF and 10C for EPS withdrawal
19th October 2016
If the employee is ready to pay 34% as tax then it is not mandatory ;-)
If the employee is already paying income tax, then he can submit only his PAN card, so that only 10% will deducted as tax.
If the taxable income of the employee is less than Rs. 2.5 Lacs, then he can submit PAN and Form 15G (2 Copies) to avoid tax in PF withdrawal.
All these are applicable only in case, that the PF Service is less than 5 years (Note: includes of all of his previous pf transfer experience) and the expected withdrawal amount is more than Rs. 50,000.
19th October 2016 From India, Chennai
hi sandeep here
i worked in private company and in that my pf amount for claiming final settlement 70000 and i didn't submit my PAN card due to both side different name then i applied for claiming and can i know how much amount it will deduct. excess of 50,000 or overall 70000, let me know it
9th July 2018 From United Arab Emirates, Dubai
Yes Rajeev,
It is mandate to submit your PAN card copy while withdrawing your PF amount.
While withdrawing your PF amount it is mandate to submit both:
1- POI (Proof of Identity)
2- POA (Proof of Address)
and according to Indian laws, for every financial activities it is required to submit your PAN card as a POI.
Now come to your second question:
You will be required to fill out "Form 31" in order to withdraw your PF amount. However, nowadays the whole process is very easy. A time before you need out to purchase these form from your employer or shops. But now everything is available on Internet.
While withdrawing your amount you will get the automatic option to fill and submit this form.
The simple process is here:
1- Sign is UAN portal
2- Click online services tab and select ‘Claim (Form-31, 19 & 10C)
3- Verify Member Details
4- Click yes to sign certificate
5- Proceed for online claim
6- Select “PF Advance (Form 31)” option
7- Now select the “Purpose for which advance is required”
8- Tick the certification and Submit Application
9- Submit scanned document
10- Withdraw your content after the approval of your employer
In case any confusion, you can read more about PF withdrawal here:
1st March 2019 From India
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