Is Form 15G Necessary for Offline PF Withdrawal with PAN? Seeking Clarity on Rules

S P Sharma
Respected Sir/Madam,

Please suggest, is it mandatory for an employee to submit Form 15G at the time of PF withdrawal offline and in Form No.19? If I mention the PAN number, is Form 15G still compulsory? There are conditions: if the amount is less than 50000, there is no need for Form 15G; in other cases, if the service is less than 5 years, Form 15G is mandatory. I am not clear about this, so please guide.

Thanks & Regards,
S.P. Sharma
winston19
Dear S. P. Sharma,

Cases when Form 15G is not required:
1) Less than ₹50,000 contribution.
2) More than ₹50,000 contribution but over 5 years of contribution.
Note: PAN card required in the second case.

Cases when Form 15 is required:
1) More than ₹50,000 contribution with less than 5 years of contribution.
Note: PAN card required in the first case.

For information: If PAN card is not provided, a 30% tax will be applicable.

Regards,
Winston D'Souza
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