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
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