Who Needs to Attest PAN and Form 15G for PF Settlement: Employee or Employer?

Hi,

Please clarify if the individual has to attest or the employer has to attest the PAN copy and Form 15G for the settlement of PF.

Submission of Form 15G and PAN Card Attestation

Employees will have to attest their PAN card and sign Form 15G before submission. Please submit Form 15G with care.

A false or incorrect declaration in Form 15G attracts a penalty under Section 277 of the Income Tax Act. Prosecution includes imprisonment, which may range from three months to two years along with a fine. The term can be extended up to seven years with a fine, where the tax sought to be evaded exceeds ₹25 lakh.

Eligibility Criteria for Filing Form 15G

The basic two conditions for filing Form 15G are: one, the final tax on the estimated total income computed as per the provisions of the Income Tax Act should be nil; and two, the aggregate of the interest (excluding interest earned on securities) received during the financial year should not exceed the basic exemption slab, which is ₹2.5 lakh. If these criteria are met, you may submit Form 15G.

So, review your total income during the year before submitting Form 15G.

Hi, my name is Nisha. I resigned from my job on May 21st, 2015. For PF withdrawal, I received an email stating that I should provide a PAN card copy along with Form No. 15G. However, I am not sure how to fill it out, and I am unfamiliar with tax procedures. Please advise me.

Dear,

I want the following things for PF withdrawal. Ex-employees are required to submit the following:
- Duly Filled Form 19, Form 10C
- Duly Filled Form 15(G) - 02 copies in original

Please send me the forms as per the above.