Sai18
Hr & Payroll Consultant At Kredily
Glidor
Hr Consultant

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I had applied PF final settlement & pension fund thru online, but the settled amount is less than actual PF amount due to TDS deduction, if any provision for getting TDS amount from Income Tax Department. If the getting this amount is very helpful for us. If anybody can share your ideas about in this regard.

Visit the EPF and obtain form 16A, then file return. However it does not help in real, as the whole amount is subjected to tax including interest, as the contributions below 5 yrs completion is not qualified for sec 80C deduction under income tax act

Hi Rajkumar,
A few key details like the number of your service years is missing in the question. PF withdrawal is taxed at 10% if the amount is greater than 50000 and you have not completed 5 years of continuous service yet.
Please go through this link for more details - https://cleartax.in/s/pf-balance-withdrawal-incometax
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Regards,
Sairam Bandi

From India, Bengaluru
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