How Does TDS Affect PF Withdrawals When Exit Reason Is 'Cessation' Instead of 'Retirement'?

DMKaranth
I worked for a company for 4.8 years before getting separated on account of superannuation at the age of 60 years. When I went to the UAN portal to submit a claim after 2 months, I noticed that my reason for exit from the company is indicated as 'CESSATION (Short Service)' instead of 'Retirement/Superannuation'. Since I have withdrawn PF already twice (from my earlier 2 employments) and my current accumulation is more than Rs. 50K, how does the Income Tax (TDS) apply to my current withdrawal if the reason for exit is indicated as CESSATION (Short Service)? Is there an IT exemption for PF withdrawals after retirement/superannuation irrespective of the duration of service and whether PF has been withdrawn previously or not?
Glidor
It would be wise to leave the account as it is for a couple of months so that it would achieve 5+ years from the date of credit of the first entry. Then, it would confirm the conditions of section 80C, and TDS may be avoided. Meanwhile, you can approach the employer and EPF with a joint declaration. However, for less than 10 years of service, superannuation does not fetch anything extra.

If you have withdrawn twice in the past, as per your version, be sure that you have also settled the pension account. If not, then go for the transfer of the pension account added, as it will enhance the service span.
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