Asst. Manager
Pvt Service

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear All,
I had served my last job till 02/06/18 since 01/02/12. I have completed 6 years of my service. For name mismatch my PAN no is not verified but Aadhar has been verified. If I withdraw my full PF amount will it be affected? Will tax be deducted? Is it possible to withdraw full PF amount without PAN verification?
Kindly reply & help me to resolve the matter
Thanks & Regards

From India, Kolkata
Dear Shib Let me put it this way, Pan card is not compulsory but if you do upload only 10% tax will be applicable and if u don’t then 33% tax will be applicable. Regards Winston D’souza
From India, Panjim
Dear Winston Sir,
I have talked to my previous company HR regarding this matter but she is saying that if aadhar is verified in PF a/c then PAN is not require. Is there any solution that 33% tax will not be deducted from my PF a/c?
Thanks & Regards,

From India, Kolkata
If the PF amount is less than Rs.50,000/- No TDS will be deducted and After 5 years of service, even the amount is more than Rs. 50,000/- No TDS will be deducted. Previously the amount is Rs. 30,000/- Now it is revised to Rs.50,000/- I attached TDS flowchart for your reference.
From India, Puducherry

Attached Images
File Type: png TDS-on-EPF-Withdrawal.png (200.9 KB, 142 views)

Dear Shib
Aadhaar has nothing to do with with TDS. TDS is related to the Income Tax Act.
You can go by the information provided by Anonymous but as a precautionary measure its always good to provide the same.
But then again the decision is yours not the companies.
Winston D'souza

From India, Panjim
Dear Sirs, Thanks for your kind suggestion. Thanks & Regards, Shib
From India, Kolkata
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™