Understanding Revised PF Withdrawal Forms and TDS: What Do You Need to Know?

Hi Friends,

Please find attached the revised PF withdrawal form 19 & 10C, as well as a flow chart explaining TDS.

Thank you.

1. TDS is not applicable in PF withdrawal.
2. The withdrawal form has also been updated to combine both forms into one sheet.

Sub: PF Withdrawal_Composite Claim Forms

Introduction of New PF Composite Claim Forms

The EPFO has introduced Composite PF Claim Forms (Aadhaar-based and Non-Aadhaar-based), vide Order dated February 20, 2017, replacing/withdrawing existing Claim Forms No. 19, 10C, 31, 19 (UAN), 10C (UAN), and 31 (UAN) to embark upon the next phase of e-governance reforms. This aims to make its services available to stakeholders efficiently and transparently. This order of the EPFO is applicable with effect from February 20, 2017, i.e., it’s operational with immediate effect.

Earlier, the EPFO had prescribed new Forms 19 (UAN), 10C (UAN), and 31 (UAN) via Order dated December 1, 2015, for all employees whose Aadhaar number and bank account details had been seeded with the Universal Account Number (UAN).

Modification of Earlier Order

Now, the EPFO has modified its earlier Order to prescribe a Composite Claim Form (Aadhaar) to replace the existing Forms No. 19 (UAN), 10C (UAN), and 31 (UAN) to simplify the submission of claim forms by subscribers. The new Composite Claim Form (Aadhaar) can also be submitted to the EPFO without employer attestation. On the other hand, the new Composite Claim Form (Non-Aadhaar) has been prescribed by the EPFO to replace the existing Forms No. 19, 10C, and 31 to simplify the submission of PF claim forms by subscribers. The new Composite Claim Form (Non-Aadhaar) can be submitted by the subscriber after employer attestation to the EPFO.

Simplification of Submission Process

Submission of Composite PF Claim Forms (Aadhaar)/(Non-Aadhaar) will be further simplified/modified to include self-certification by PF members/subscribers, replacing various certificate requirements at present, such as:

i) Para 68B: The “New Declaration Form” required to be appended with Form No. 31 for housing loan/purchase of site/house/flat or for construction/addition, alteration in existing house/repayment of housing loan shall stand discontinued. Similarly, the present practice of calling for a “Utilization Certificate” shall also be dispensed with. No document would be required to be submitted by the subscriber for these partial withdrawals.

ii) Para 68H: Grant of advances in case of closure of factories: No document would be required to be submitted by the subscriber along with the Composite Claim Forms (Aadhaar)/(Non-Aadhaar).

iii) Para 68K: Marriage advance & for availing advance for post-matriculation education of children: No document, including a marriage card, would be required to be submitted by the subscribers.

iv) Para 68L: Advance in abnormal condition: Members may self-certify that their property has been damaged. No document would be required to be submitted by the subscriber.

v) Para 68J & 68N: Orders in respect of certificates under these paras will be issued separately.

Notification along with composite claim forms is attached for your reference and further action.

Tnx & Regds,

Suresh

Dear Friend,

I want to withdraw 90% of my PF contribution as per the new rule of 2017 for a down payment to the builder for flat booking, which is under construction. I checked the current composite withdrawal form, in which it is mentioned: "For the purchase of site/flat, indicate the cheque to be drawn in favor of and the payee's address." In this case, do I have to mention the builder's name and address or do I need to mention my own name and address to withdraw PF in favor?

Thank you.

Dear Atul,

Please look into Serial No. 10C in PF Composite Claim Form (Non-Aadhaar). You will find your answer.

TDS is not deductible if the withdrawal amount is less than Rs. 50,000, and Form 15G/15H is not required when the PF membership is more than 5 years.

Suresh

Dear Suresh, my question is not related to TDS. I am withdrawing a partial PF amount for the purchase of a flat, and I want it for making a down payment to the builder. So, in this case, while withdrawing PF through Form 31 (now it is a composite form), will the cheque be issued in the builder's name or in the member's name? I heard that from 2017, a new rule states that the PF office will not issue a partial withdrawal cheque to the member in the case of the purchase of a flat/site. In this case, will the cheque be issued to the agency/promoter/builder's name? Is it true?

Regards, Atul Jagtap

Dear Atul, your query has already been replied to, which you didn't read carefully. Please look into Serial No. 10C in the attached PF Composite Claim Form (Non-Aadhaar). You will find your answer. The cheque will be issued in the Agency's name.

Please note that the PF Composite Form is split into two parts: Aadhaar and Non-Aadhaar, which is a combination of Forms 19, 10C, and 31. If you open the Non-Aadhaar form, you will find your reply under Serial No. 10C.

Regarding TDS, it was additional information for the benefit of all.

Suresh