Hi, When i tried to withdraw my epf i received an email from my employer like "Form 15G with 2 copies. (If PF withdrawal amount is more than 50K and continues membership is less than 5 years, than TDS will be deducted 10%, to get this exemption employee can share the income declaration in Form 15G by contacting tax adviser / tax consultant. If employee is ok with 10% TDS deductions than employee need to send the self-declaration letter for TDS approval")
I have not worked with the company for five years and my total work experience is also less than five years. I didn't understand the exemption they are talking about.
Do I have to pay 10 percent as TDS for the full amount? Can someone please explain this to me.
Thank you for taking the time to read my query.
I have not worked with the company for five years and my total work experience is also less than five years. I didn't understand the exemption they are talking about.
Do I have to pay 10 percent as TDS for the full amount? Can someone please explain this to me.
Thank you for taking the time to read my query.