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EPF Withdrawals : New Provisions & Rules related to TDS

Last updated: June 2, 2016 | by

EPFO (Employees Provident Fund Organization) has issued a new circular relating to applicability of TDS (Income Tax deduction at Source)  on EPF withdrawals. These new provisions are effective from 1st June, 2015. TDS is applicable on EPF withdrawal where accumulation (balance) is more than Rs 30,000 and the EPF member (Employee) has worked less than Five years.

(Budget 2016-17 update : In case of payment of accumulated balance due to an employee in EPF, the TDS limit is being raised from Rs 30,000 to Rs 50,000. So, TDS is not applicable if the PF withdrawal amount is less than Rs 50,000. This new TDS thresh-hold limit will be effective from 1st June, 2016 onwards. Click on the below image to download EPFO’s latest notification on this new amendment.)

EPF withdrawal TDS limit increased from Rs 30000 to Rs 50000 EPF notification with effective from 1 june 2016 pic

As per EPFO’s circular, “the Finance Act, 2015 (20 of 2015) has inserted a new section ‘192A’ regarding the payment of accumulated provident fund balance due to an employee. The provision shall take effect from June 1, 2015.”

EPF Withdrawals – Provisions related to TDS

TDS is not applicable in the following cases;

  • On Transfer of PF from one account to another PF account (EPF A/c) .
  • On Termination of service due to ill-health of EPF member and withdraws his/her accumulation.
  • On discontinuation of Business by the Employer or any cause beyond the control of EPF Scheme’s member (Employee).
  • If PF withdrawal amount is less than Rs 30,000 (new limit is Rs 50,000).
  • If employee withdraws amount more than or equal to Rs. 30,000/- (Rs 50,000), with service less than 5 years but submits Form 15G /15H along with his / her PAN.

TDS is applicable in the following scenarios;

  • If employee withdraws amount more than or equal to Rs. 30000/- (Rs 50,000), with service less than 5 years, then:

a) TDS will be deducted @ 10% if Form-15G/15H is not submitted provided PAN is submitted.
b) TDS will be deducted @ maximum marginal rate (i.e., 34.608%) if employee fails to submit PAN.

Below is the flowchart to understand these implications.EPF Withdrawal TDS applicable June 2015 EPF Balance - new TDS limit 50,000 from FY 2016-17

Other Important points;

  • TDS (Tax Deducted at Source) is deductible at the time of payment. TDS will be deducted under Section 192A of Income Tax Act, 1961.
  • Form 15H is for senior citizens (60 years & above) and Form 15G is for individuals having no taxable income. Form 15G & 15H are self declarations and may be accepted as such in duplicate. (Do note that not every individual or HUF can submit Form no 15 G. Only the individual / HUF, whose tax on the estimated income for the year is NIL and the amount of interest income from all the sources / securities does not exceed the minimum exemption limit, can submit Form 15 G form. NRIs can not submit Form 15G)
  • EPF Members must quote PAN in Form No.- 15G / 15H and in Form No. 19 (EPF Withdrawal Form).
  • Members who have rendered continuous service of 5 years or more, including service with former employer, shall not be required to submit PAN and Form No. 15G/15H along with Form No. 19.
  • Similarly, members whose service has been terminated due to his ill health, contraction or discontinuance of business of employer or other cause beyond the control of the member shall not be required to submit PAN, Form No. 15G/15H along with Form No. 19. In such cases, no income tax (TDS) shall be deducted as per Rule 8 of Fourth Schedule to the Income Tax Act, 1961.
  • Form Nos. 15G and 15H cannot be accepted if amount of withdrawal is more than Rs. 2,50,000/- and Rs. 3,00,000/- respectively.
  • If TDS is not applicable then it does not mean that the EPF withdrawals are not taxable. Do note that, if you withdraw your PF balance before the expiry of five years of continuous service, then it is taxable in the year in which withdrawal has happened. In addition to this, your employer’s contributions along with the accumulated interest amount will be taxed as “profits in lieu of salary”. Interest accumulated on your (employee) contributions will be taxed under the head “Income from other sources”. The tax deductions claimed on your contributions will be revoked or rolled back, and shall be liable to tax.

These new amendments may discourage pre-mature PF withdrawals and may promote long-term savings.

Latest Update (20-Apr-2016) : “Govt rolls back new EPF withdrawal norms and old system will continue. The notification which was issued on 10th Feb, 2016 has been cancelled.” So, the existing rules will be continued..

Latest Update (18-April-2016) : The Minister of state for Labour and Employment (Independent charge) now decides to postpone the date of implementation of new conditions for EPF withdrawal to 1st August 2016. This was earlier planned for implementation from 1st May 2016.

Budget 2016-17 New EPF Rules : Latest News (08-March-2016) : The Budget 2016-17 proposal of levying income tax on 60% of EPF balance has been withdrawn by the government. So, no tax will be levied on PF withdrawals at the time of retirement.  The other Budget proposal to make 40 per cent of the total withdrawal from the National Pension Scheme (NPS) will however remain unchanged. 

Budget 2016 New EPF Rules : Latest News (01-March-2016) : As per the Budget 2016 proposal, at the time of retirement, 40% of the EPF lump sum withdrawal is tax-exempted, 60% of the corpus is taxable as per the applicable Income Tax Slab. To avoid this, the EPF member has to invest this 60% balance in an Annuity life insurance product. The Annuity income will be Tax-free. Click here for more details..

Latest News (24-Feb-2016) : New EPF Withdrawal Rules w.e.f 10-Feb-2016. Full PF balance withdrawal is not allowed till the retirement age. Click here for more details..

Latest News : You can now submit PF new claim forms directly to EPFO office without your Employer’s attestation.New Form 31 UAN, Form 10c UAN & Form 19 UAN. Click here for complete details.

Continue reading other EPF related articles;

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Sreekanth Reddy

Sreekanth is the Man behind ReLakhs.com. He is an Independent Certified Financial Planner (CFP), engaged in blogging & property consultancy for the last 7 years through his firm ReLakhs Financial Services . He is not associated with any Financial product / service provider. The main aim of his blog is to "help investors take informed financial decisions.""Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion."

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  • Hi Srikanth,
    I recently withdrew my PF from last company where my total service was more than 5 years. The total approved amount was about 2.92 lacs on EPFO site but only 2.62 lacs got credited and looks like 10% TDS was deducted. Can you please help on why TDS deducted when service was more than 5 yrs. Thanks in advance.

        • Dear Kunal,
          Ideally, in your case, TDS should not have been deducted, as your Service period is more than 5 years.

          However, I have also observed that EPFO in some cases deduct TDS if the PF withdrawal claim is more than Rs 2.5 lakh.

          You may submit your grievance to them online..click here..

          In case, TDS is not reversed then you can claim the refund of it when filing your ITR.

  • Hi Sreekanth,
    Good day!
    I have been worked for exactly 4years in a same company. Now I am unemployed for past 1year. My PF amount is Rs50334 in that I have already claimed 39k as a partial withdrawal. Now am planning to submit PF withdrawal from 19 &10C via online. Could you please clarify that the rest of my PF amount 10k which am going to claim is taxable ? Since I worked for less than 5yrs.

  • Hi Shrikanth,
    I worked as an engineer with an IT company for 3 years, and then I went for my MBA in 2012 till 2014. Since then I have been working continuously, now Iwant to make a PF withdrawal for a home purchase, but after reading ur post I am confusedwhether I will have to pay TDS or not,
    As posy MBA I have 4+ years of experience but if I include my pre MBA experience I have 7 yaers of experience. Can you guide me on this?

  • Hi Srikanth, I’ve applied to claim of as was without a job for the last three months.. it’s amounted to 55k. Its asking me to submit form 15g/h. But when I tried doing that from my bank’s website online, it is not allowing me to. Note: I do not have any FD

  • I am nri since last 5 years. I received pf till 2014 dec. I have left the company. I am able to login to uan portal and check my balance but if I click on withdraw section it says adhar details are missing. AS an NRI I am not supposed to have an adhaar. How do I withdraw the amount? Will tds be deducted in my case?

  • Dear Srikanth,

    I have one UAN and three PF accounts as the PF account transfer didn’t happen though applied for it. I’m currently out of India from Sept’2017 and no contribution has been made to the PF account as I resigned for my job in India in Aug’2017. Now I’m looking forward to withdraw the amount. The online portal says that I have to verify my PAN number. However my PAN card has sur name in the ‘cardholder name’ and so the verification is failing. Could you please let me know how I can withdraw the PF amount. Should apply claiming for each PF number or just one claim for all the 3 accounts? Do I have to walkin to the PF office to get this done? Please suggest. Many thanks.

      • Thanks Sreekanth. Kindly clarify the followup questions I have..

        can I opt for Final Settlement?
        Should I submitting the Composite Claim with all the 3 employers because I three PF accounts on the same UAN no. ?
        If I’m claiming for final settlement and reason as buying a plot, should I have to furnish any details about the plot I’m buying?
        In one of the companies, I worked for only 4 months, what will be the tax implications if I have to withdraw the PF from this employer?

        Thanks in advance for your advise.

  • Dear Sreekanth
    I have applied for my PF on 26th Jan,2018 i.e 15 working days back. Still its been showing as under process. Can I raise a query in grievance cell???

  • Hello Sreekanth,
    I hope you are doing well.

    I relocated outside India in Jan 2017 and resigned from my organization (XYZ) in Dec 2016. My PF account with the organization (XYZ) got opened in Dec 2013. I transferred my PF from previous organization(ABC) to this new PF account with new organization (XYZ). Now I am planning to withdraw full PF amount online since I have relocated permanently outside India (I still hold bank account in India and the same account is updated on EPFO portal as well).

    In my case, my last service was 3 years 3 odd months but my previous pf was transferred from previous organization and hence continuous service is of more than 5 years (I served previous organization ABC from Dec 2011 to Dec 2013). In this case what is the tax implications. If there is no tax implications and when I raise online request, I see that there is no place to mention this then how will it get considered by EPFO office. I want to ensure that no tax is deducted since I don’t need any hassle later of complaining and getting the refund back.

    Note: my work history is from 2005 and I kept transferring my PF from one organization to another – I never withdrew till now.

  • I have not transferred my EPF from my previous organization to the present one. It has been over 3 years since I changed my job. In my previous organization I had worked for an year. but my form 26as is now showing tax deducted from my previous employer. What is the reason for this TDS.

  • Dear Sreekanth,
    I opted for one member one pf account last month. the money got transferred from my previous pf account to present pf account. BUT THE PENSION contribution (approximately 28000) was not transferred to my present account.How can i get it transferred or withdrawn??
    Please give me your valuable suggestion.

  • Dear Sreekanth
    i have applied for pf advance by choosing purchase of handicap equipment.
    i had previously claimed by using illness option..
    Now i applied for 17000 rs. can i get full amount????

    • Dear Rajender,
      Advance amount for the said purpose can be – The least of i) 6 month’s basic wages + DA (OR) ii) Employee share + interest (OR) iii) Cost of equipment.

  • Hai Sreekanth
    I have applied for my PF few weeks back. The status is showing that the claim is settled and sent through NEFT on 22-06-2018 i.e 3 days back. within how many days can i expect the amount to credit in my bank account?

    • Dear Prasad,
      Claim amount generally gets credited within 2 to 5 business days.
      You may receive the amount during this week.

  • Dear sreekanth
    I have applied for PF advance form-31 on the first week of this month.
    Till yesterday evening the status is under process.
    But now the status changed to STATUS NOT AVAILABLE what it means???

    • Dear Badri ..Can be a temporary tech glitch..You may wait for few more days & keep a track of your claim status.

  • Dear Sreekanth
    I have applied for PF advance on 06-06-2018. My PF office is Mumbai Bandra. from the last 11 days the status is showing as under process.
    Can i raise a complaint in grievance cell or shall i wait few more days?

  • Dear sreekanth,
    due to my father name not updated in my UAN Portal i cant go for online withdrawal.so i applied non-adhar pf part withdrawal(Form 31) through employer.my doubt is in non-aadhar pf withdrawal format also need father name? and when it will be credited if am submitted in june 07-2018

    • Dear venkadesh,
      You may get the Advance amount within 15 to 30 days.
      Suggest you to contact your employer, submit a joint-declaration form to the EPFO through them and get your Father’s name updated.

  • Hai Sreekanth
    I recently moved from one organization to another organization.My new organization PF account no is linked to UAN No.
    Both passbooks are appearing and recent employer passbook is not updated.
    But i have not transferred the pf amount of previous employer to present employer.
    Now I want to withdraw the entire amount both pension and PF of the previous employer.How can I Claim both?
    only form 31 is appearing in the online claim. MY total PF+Pension is around 80 k and my service is below 5 years.
    can i claim full amount (PF+PENSION) through non-aadhar offline form?
    Is it mandatory to merge both accounts?
    Is it mandatory to update the bank account no of present employer?
    please help me out

    • Dear SUMANTH,
      As you are currently employed and contributing to EPF scheme, you have to transfer the funds from your old EPF ac to current one.
      You can update the bank account details if there are any changes or if required, under kyc section and get them approved by your current employer.

  • Hi Mr Sreekanth ,

    I have applied for my Part withdrawal , Reason Illness / 1st time it took 13 Business days I got the Amt settled . Applied for the 2nd time its already 13 Business days its still under process , Reason Illness again . Last time the Pf portal had some technical issues still got it , However this time its all working , Why the delay still waiting . Its almost 15 Business days .

    Pls let me know . And i have applied only 50% of the Amt can i apply again for the 3rd time .

    Regards
    Johnson S

    • Dear Johnson,
      There should be eligible balance for partial withdrawal.
      “For the purpose of ‘medical treatment’, the least of 6 months basic wages (or) employee share with interest is allowed as partial withdrawal.”

  • Dear Sreekanth,

    I had filled form 19 and received that amount after 10% deduction. I didn’t know that time 15G form is require if the amount more than 50k. Can I submit 15 G form to get my deducted 10% amount now. If yes, what would the procedure? Please help me out.

    Regards
    Saurabh

  • Hello Sreekanth,
    I am looking for some guidance to withdraw my EPF.
    I have accumulated EPF from 2010 to 2017. I didn’t transfer my EPF to last company I worked for few months in 2017 (and its a trust too). But somehow the UAN is linked with both the EPF Accounts (may be due to PAN #)
    Now I am an NRI, and have below questions as I am not getting proper answers from EPFs grievence cell.
    1) How to withdraw all my EPFs?
    2) Should I need to transfer old EPF to the last company EPF before withdrawing? If so who will help to transfer?
    3) What would be tax implications if withdraw to an resident Indian account? to a NRO account?

    Hope you can help with some guidance.

    • Dear Saravanakumar,
      1 – Suggest you to withdraw your funds separately. Make sure Date of Exit details have been updated by both the employers.
      Kindly contact your ex-employers.
      2 – Not necessarily. If you would like to consolidate your accounts then you can contact your first employer to transfer the funds to EPF ac maintained by your second employer.
      3 – If you consolidate your EPF accounts, your total service period is going to be more than 5 years, any EPF full balance withdrawal after 5 years is a tax-free income.

      Kindly read :
      EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?

      • Sreekanth,

        Thanks for your response. As one of my EPF account would be less than 5 years I will plan to combine before withdrawing. Appreciate your help.

  • Hello sreekanth I’m Nikhil recently o have applied for advance claim settlement of rs 20 k but when it check the claim status its showing as only 2k has been settled even i raised a complaint but it have not received any reply so what should i do now
    And there is a name mismatch in my Aadhar and pan so I’m unable to withdraw full pf amount through online can i submit the forms through local EPFO office

  • Dear Sreekanth,

    I have UAN that was provided by the employer, and another UAN got generated thru online aadhar verification by me ++on EPFO website. Now both are different. and I am unable to update aadhar in the UAN provided by the employer. What should I do?

  • Hi Srikanth,
    I have completed 7 years of Service and withdrawn my PF for constructino of house. In UAN PAN is not verfied due to some problem. TDS is deductable in this case?
    Please help me to understand, so I will try to cancel my request.

  • Hi
    My total pf is less than 50k . and less than 5 years service. Is TDS applicable? As m not able to link pan to UAN ( name in income tax database and Aadhar is different and aadhar is already verified in UAN now not able to edit basic details in UAN) .Pls suggest

  • Hi,
    I have worked in A company for 7.5 yrs and working in B company (Current company) from last 2.3 years, due to DOB mismatch there was problem for PF transfer so B company opened new UAN, but after strong followup with A company my DOB corrected, i have 2 UAN nos (For A & B company), recently current UAN linked with old UAN and my money transferred to new new UAN

    Now problem is that i want to partial withdraw for house construction but portal not allowing me (Red marked on house construct withdrawal with comment “below 60 month work”) while A+B total 9.8 year PF year

  • Hi,

    I have worked for Company A for 1 year and joined Company B (current company) 3 years before. I transferred the Company A PF to the new account.

    I have a homeloan and I want to do the prepayment. Can I withdraw the full PF amount (my contribution and Employers Contribution) from my current account to prepay the loan. If yes, then will the amount be taxable?
    Please let me know the process to withdraw?

    Thanks,

  • Hello Shrikant,

    Recently i changed my job and wanted to withdrawal my PF from existing employer.
    But the feedback is received from employer that , since it accumulated in Govt.EPF (i.e. not in Trust), it cannot be withdrawal.
    So, they are asking to first transfer the amount in current employer and then apply for 90% withdrawal.

    But as per my research, anyone can withdraw the PF amount at anytime afte the job change irrespective of the accumulation type.

    Need your views and directions on same.

  • Hi Srikanth,
    I’ve joined a X company on 18 July 2012, about to complete 5 years. I’m working in the same company till date.
    My basic salary is Rs 4500/-. I was in an emergency took personal loan. I want to withdraw the PF amount to close that loan. Is it possible? if Yes how much amount I can get it? and Is there any TDS is applicable? When can I withdraw my EPF before 5 Years or After 5 Years?

  • Hi Srikanth,

    Thanks for your valuable suggestions

    I Working with Organization from last 3.2 years. I am planning to buy a new house. As per new PF rules can I withdrawn my partial PF. Is there any TDS for that. If yes how much they deduct from my PF. I have UAN No.

    Before this organization I worked for another company for 7 years and withdrawn total PF.

    Thanks for your suggestion.

    Rajesh

  • Hey,

    I have a confusion regarding the definition of “5 continuous years of service”. I joined Company A on 8th May 2012 and then after leaving it joined company B (gap between leaving Company A and joining Company B was less than a week). I recently moved abroad from Company B, and my last day in the India office was 18th April 2017. I received my full and final settlement from Company B on 7th May 2017.

    My PF accounts from Company A and Company B are merged together.

    Now my question is, in terms of continuous service I fall short by ~20 days, but my contribution to the PF account has been 60 continuous months. Is my PF withdrawal in this case, taxable or tax free?

    Thanks in Advance!

    • Dear Ashmita,
      As you have transferred Company A EPF monies to Co B then it is termed as continuity only.
      But based on your Exit date, you fall short of few days for the total period of 5 years.
      So, I believe that your EPF withdrawal amount is subject to taxes.

  • Hi srikanth,

    I worked for 3 years is company A and joined Company B. After joining company B, i have withdrawn the PF amount of Company A.
    In company B, i have worked for one year and joined company C. In company C, i am working from past 2 years.
    Now, If i want to withdraw the PF amount of company B (> Rs 50,000), will the Tax of 10% get applied to withdrawal amount.
    since my total experience is 6+, will it come under non taxable.

    • Dear Lalitha,
      As you have withdrawn the first EPF a/c money, your current total contribution years is 1+2 years only, provided you transfer your 2nd EPF account monies to your new EPF account (3rd one).
      You can not withdraw EPF but can only transfer to new EPF account.

  • Hi,

    want to withdraw PF through online. Pls suggest through what link i can submit the withdrawal forms through online.

    Regds,

    Sravan

  • Srikanth,
    i am aged 60 years completed on 31st,July’2016 and same day i had resigned from my service from a pvt company and completed 4.5 years of service when i left the last worked organisation.
    previously i had with drawn all my PF accumulated also, so no PF transfer is possible.

    My PF amount is Rs17 Lakhs both employee and employer put together.
    As such i tryed but could not get another job, so as to work for another 6 months more.

    so please let me know if i apply for with drawel along with form H and PAN already registrted, will the TDS by PF office would be deducted for final PF transfer to my bank.
    Very much thankful if you clarify me asap.
    Regards,
    Ravi SV.

    • Dear Ravi ji ..If your PF contribution years is less than 5 years, TDS is applicable.
      Earlier you have withdrawn your EPF balance so your service is not carried forward.

  • Hi,

    Your posts are highly valuable and informative. Keep doing it.

    I worked for an Indian company from Sep/2011 to Oct/2014 and quit the job and moved abroad after the marriage and settled in a foreign country with a job. I have PF amount of around 3.5 lakhs which I have not withdrawn yet. I am trying to withdraw the PF now as 3 years period is fast approaching and may not return to India for atleast another couple of years. Is my withdrawing plan recommended? Will I get complete PF amount after TDS if I withdraw? When withdrawing should I quote reason that I am withdrawing due to moving to abroad? What are all the options I have? Seems 15G to be submitted even if you are NRI as I understand from previous comments that EPFO is rejecting if 15G is not submitted. Inputs will be highly appreciated.

  • hai

    I have work for company A for 4 yrs 10 month and Company B for 2 years 1 month. Both the PF account Linked with UAN. and I have transfer the Company A PF amount to Company B. Now Iam joining Company C I want to withdraw my PF amount and I wish to link Company C PF account to my UAN. Is it possible . Kindly advice

  • I have worked in an organization and contributed to PF effective April Salary payable in June I am over 60 as such the entire amount goes to PF amount instead of EPS….It is exactly an year ..Can I withdraw the amount as I have resigned effective 1/5/2017…

  • Dear Sreekanth,

    I worked in a company from Sept, 2014 to July 2016. If I fill 15G today (Apr 6, 2017), the Assessment year will be ‘2018-2019’ Right?

    And what will be my ‘Last assessment year’?

    Thanks in advance!

  • Dear Sreekanth,

    Recently I had applied for EPF withdrawal with one of my past employer. I had worked with this employer for less than 5 years (april/2007 – aug 2008). The employer is having a separate EPF trust. I had submitted 1) Form 19 2) Form 10c 3) Cancelled Cheque 4)AAdhaar Card copy 5) Bank passbook copy 6) Bank statement 7) PAN card copy. I did not submit Form 15G since the employer told me it is not required. All the documents were verified as correct by the employer. The employer confirmed that they have processed my EPS claim and for EPF claim they said that the Tax rate will be 30.99% on the EPF withdrawal and asked for my confirmation on the same to credit the amount into my bank account. As per EPFO rules since I had submitted my PAN card the TDS on the EPF withdrawal should only be 10%, I asked the employer to clarify why the TDS rate is computed as 30.99% when I have submitted my PAN details. For this employer has replied that since I have worked with the employer for lesser than 5 years tax will be deducted but did not justify why it should be 30.99% and also said that if I want to avoid 30.99% TDS on my EPF withdrawal then they need to compute the tax rate based on my 2007 – 2008 Form 16. I have submitted Form 16 for 2007 – 2008 and awaiting for further communication from my employer.Kindly clarify on the below :

    1) Is it correct on the part of the employer to say that the TDS on EPF withdrawal will be 30.99% when I have submitted my PAN details.

    2) Is it correct on the part of the employer to ask for my Form 16 for 2007 – 08 to compute the TDS rate for EPF withdrawal

    3) What should I do if the employer insists on a TDS rate of > 30% on EPF withdrawal ?

    Kindly clarify on the above. Thanks in advance for your time and apologies for a lengthy post.

    Regards,
    Karthik

    • Dear Karthik,
      5 years of 5 months??
      1 & 2 – TDS will be deducted by the EPFO. If you have submitted PAN card and not submitted Form 15G, TDS @ 10% will be applicable.
      3 – Even if the TDS is @ 30%, you can claim Refund (if any) by filing your income tax return.

  • Hi Sreekath,

    Please let know the correct course of action I need to take for PF withdrawal in my case:
    1)I was working in India from Jun 2006 – Jul 2008 with company A and moved onsite and returned back to India in Apr 2010.
    2)I quit company A(Aug 2010) and joined company B and transferred PF from company A to company B.
    3)I worked in company B from Aug 2010 to Aug 2012 in India and moved onsite to US from same company B. I quit company B on May 2014 and joined a US based company.Also the last time I filed tax in India was for FY2015-16 as I had got my full and final settlement from company B.
    4)When I requested company B for PF withdrawal procedure in Jun 2016 they asked me to submit the following:
    a)Form 19 (Revised)
    b)Form 10C
    c)Cancel Cheque
    d)Copy of PAN
    e)2 Copies of Form 15G.

    I submitted all the above documents except 15G as I had few questions which I was not sure what to answer. These are the fields which I have doubts and I have currently filled with following:
    a)Field 3 Status – Individual
    b)Field 4 Previous year – 2016-17
    c)Field 5 Residential Status – Non-Resident(As I have been staying outside India since Aug 2012) or do I qualify as Resident

    What amount of tax will be deducted when I withdraw PF. Please let know. Thanks in Advance.

  • Hi Sreekanth,

    I have applied for PF withdrawal and it got rejected coz of not submitting Form 15G, my question is, do i need to submit the whole PF withdrawal documents again along with Form 15G to my employer and then submit it to PF officer? Or should i send only Form 15G to PF officer with the Claim ID.

    Regards,
    Shine

      • Hello sir,i have pf balance abt 50000 and i have worked for 4 yrs in my company…now i m jobless for 6 mnth ..i want to withdraw my pf . Frm 6 month my source of income is nil..so is it necessary for me to fill form 15 G if yes than what should i fill?can i fill only name and pan no.in 15G and fill NIL in all the points.its very urgent plz reply

  • Hi,

    I have worked in an Organisation for 4yrs 360days.Do i need to submit form 15g?I don’t have any other source of income.Can you please help me filling form 15g.

    Thanks in advance,
    Raghuram

  • hello sir,

    i have withdrawal my Epf amount, now i am joint new company can i use my old Efp account to my new company ,i have my old UAN .

    and if yes so what to do

    hlep me

  • I worked in a company in India from July 2011-July 2012 and then moved to US for higher studies. I completed my studies and got a job in US and has been living in US since then. I want to withdraw my EPF but I no longer have an individual savings account in India. I asked my ex-employer if I can withdraw it in a joint account with my mother (living in India) or in a NRI account, to which they said “NO”.

    Can someone help me as to how can I withdraw my EPF in such a case?

      • Dear Sir,

        I have left my organization in May-2016. My contribution to PF has been for 3 years (2013 Feb to 2015 May). I don’t intend to work any more. Hence, I understand that PF with drawn amount will be taxable.

        1) Am I allowed to NOT withdraw the PF amount? If I don’t withdraw, do I earn interest on the accumulated amount, at the PF applicable rates?

        – Will I be earning interest for 20.3 lacs for period Jun-2016 till date of with drawl?

        2). Is there any way, I can save tax? My net earning post tax in 2016 for 3 months (Apr-Jun) have been 10.5 lacs, and my current PF balance is approx. 20.3 lacs. Can the PF funds be transferred to any other schemes / invested; to save tax? I don’t need the funds now.

        3) If I have to withdraw (having no other options), is it advisable to withdraw after 1-Apr-2017; assuming I have zero other income in 2017-18. Will my total income for 2017 be considered as 20.3 lacs and tax will be applicable accordingly,

        • Dear Raj,
          1 – You can withdraw full PF balance.
          2 – Is it Rs 20 Lakhs? Yes, you will get interest payment even for the non-contribution period too.
          3 – No, such provision is available (reg transfer to other schemes, as of now).
          4 – Yes, tax is applicable.

  • Dear Sir, I joined a MNC in January 2012 & resigned in June 2015 (after working for 3.5 years). Post resigning, I was travelling abroad for a few months. Even after coming back, I have not started working anywhere. Now that I have completed 5 years (of my EPF account opening) can I withdraw the whole amount without paying tax/TDS? Please suggest. Thanks!

    • Dear Manpreet,
      You can withdraw full balance, but as the contribution period was less than 5 years, TDS will be deducted and withdrawal is taxable.

  • Hi Sreekanth,

    Thanks for in depth information about pf withdrawal.

    I worked for a company in Delhi from 3 years and left the job for higher education.

    Its been 2.5 years since i left the job(total 5.5 years), do i still have to pay the tax on PF ?

    Also, i heard there is a new PF withdrawal option wherein you just have to fill form 19-UAN and directly submit it to the concern PF office.

    Please advice

    Look forward to hearing from you.

    Thank you

  • Hi Sreekanth.
    I was working with a private company from June 2013 to September 2014. (16 months). There is a EPF account with UAN number. From October 2014 onwards till date, I am working with another company, which does not have EPF deduction / contribution. Hence my EPF account is lying idle since Oct 14 onwards. I need to withdraw EPF money after 5 years (i.e after June 2018). Will this amount be taxable?
    Is there any way I can avoid tax on withdrawal?
    Regards,

    DEEPAK

  • Hi

    I have worked in India for 11 years and have moved to US, an year back. I am planning to withdraw whole of PF amount. Is pf taxable in this case ? The reason for this is to buy a property in India. I am wondering what would be the best option here, in terms of taxation – Withdraw PF completely, partial withdrawl or loan against pf. Please advise.

    • Dear Ravi,
      Not taxable.
      Whether to withdraw full PF balance or not, depends on your financial profile/requirements & future goals.

  • Hi Sreekanth,
    I am withdrawing my PF Amount after 3 years of service through Form 19(UAN) and Form 10C (UAN).
    Since my income is >2.5 lacs, after submitting PAN, 10% tax is to be deducted.
    When I called PF Office, they insisted on submitting form 15 G to avoid 10% tax deduction.
    Even If I submit Form 15G, I have to pay tax while filing ITR.
    Suggest as whether should I give form 15 G or not.

    • Dear Deepanshu,
      Yes, EPFO is requesting for Form 15G along with withdrawal forms from all the applicants. Suggest you to kindly submit it. Yes, you have to mention this withdrawal amount in ITR.

  • Hi Sreekanth,

    I would like to know about following issue regarding income tax ofn EPF withdrawl.

    I worked in a Pvt Company for 4 years and was having a EPF account. I resigned in a regular manner. Now I am working in a State Govt. who doesnt have EPF but has NPS. Now I wanted to transfer my EPF to NPS but there is no provision as of now to transfer EPF to NPS.

    In this case I need to withdraw my EPF as I dont want to make it in a dormant stage, as EPF account will become a dormant after inactivity.

    So If I withdraw my EPF then EPF department will deduct my TDS as per rules and will deposit towards my PAN. Kindly note that I have worked only for 4 years in pvt organisation however I am withdrawing it after 5 years from my joining date.

    In this scenario, will my withdraw-ed EPF will be taxable income, as I dont have any option to transfer it to NPS. and I cant wait that would make my EPF account dormant as per EPF rules. So transferring EPF is beyond my control even I am willing to do so..

    If withdrawl of EPF amount is non taxable income, would I get deposited TDS as refund,

    • Dear Ravi,
      Yes, it is a taxable income, as the contributions were for 4 years only.
      Kindly note that as per latest news from EPFO, even dormant EPF accounts would receive interest payment. EPFO to pay 8.8% as interest on Inoperative EPF (Employee Provident Fund) accounts.

      • Hi Sree..
        Thanks for reply.So after withdrawl should I show it in distributed in 4 years or
        income for this financial year period ? Where should I put this income in my ITR? I withdraw if before announcement of interest on Inoperative EPF. Thanks

        • Dear Ravi,
          You have to disclose it in the FY in which you would receive the withdrawal amount.
          if you withdraw your PF balance before the expiry of five years of continuous service, then it is taxable in the year in which withdrawal has happened. In addition to this, your employer’s contributions along with the accumulated interest amount will be taxed as “profits in lieu of salary”. Interest accumulated on your (employee) contributions will be taxed under the head “Income from other sources”. The tax deductions claimed on your contributions will be revoked or rolled back, and shall be liable to tax.

  • Hi Sreekanth,
    10% TDS is deducted from my PF as I have withdrawn the PF before 5 years. This amount is being shown in my Form 26AS.
    Since they have already deducted 10%, do I need to pay more tax if I fall in 30% tax slab?
    Thanks.

  • Hi Sreekanth,

    i am working for a private organization from 4.10 years. can I withdraw my total PF amount after completing 5 years ?

  • Hi Srikanth,

    I have worked in india from Mar 2006 to may 2007, and left abroad..i came back in 2013 started working in india again..later i have raised greviance and got my pf account details trasnfered to new pf account..its done.

    after working 43 months in my current company due to clinets request we need move on their pay roles, hence we had new pf account..again my current orgainizantion has iniitiated pf transfer to new pf ..

    my question is here, is my 43 months contribution will be taxable ? if i withdraw..

    can i withdraw now or i need to wait until 60 moths contribution has made in current company..(Note: only intra company transfer was done due to client request)..

    or for my new pf account contribution should cross 60 months and i have to withdraw the ammount if i do before will be taxable ??

  • Hi,

    I want to withdraw PF amount.
    Is PF online withdraw facility available now? Please provide link for that.

    Thanks.

  • Dear Sreekanth,

    I have worked with my previous employer for 7 years. Last year I made partial PF withdrawal to repay my home loan. Since 5 years already passed, no tax was deducted. Now after resigning from the company, I want to withdraw the balance PF and pension amount completely. Will TDS deduction applicable for my balance PF/pension amount?

  • Hi,

    I have two UAN created. Can I link my new UAN to the previous one as when I joined the new company I did not gave the previous UAN details and due to that the new company has created a new PF account with a new UAN number.

    Can i link the new PF account to the older one using new UAN number? what is the process to do it.

  • I have a question- I left my last job in 2014 after working there for 4.8 years. I withdrew my PF and 10% TDS was cut on PF withdrawal. I could see this PF withdrawal as Income on my ITR I form . I want to know after this TDS is cut, is there any other tax liability or is having TDS deducted enough?

  • Dear Sir,

    I have resigned my last job after 5 years working and i had submitted 15G/15H want to withdrawal PF amount thru my employer with my PAN details. Now my question is

    1. Can i check my withdrawal submission status
    2. How long it will take to the credit to my account.

    Thanks.

  • First of all…great going, Hats off !!

    I am in the need of a suggestion.
    I am working in Central Govt, and before that I worked with one of the PSU (CPSE). I have my PF balance amount in their PF-trust.
    Now, due to NPS system in the central govt., my PF balance couldn’t be transferred to NPS of central govt. my current employer).

    My question is :

    Is there any way, to avoid the deductions of income tax ?
    As such I have PPF account, so Can I get the PF balance amount transferred to my PPF account ? (As you have mentioned in the first point, that TDS is not deducted, when PF amount gets transferred from one a/c to another a/c).

    Thank you in advance.

    • Dear Prateek,
      EPF to PPF switch is not allowed. Kindly read it as EPF a/c to EPF a/c only.
      However there was a proposal to allow/accept one-time switch from EPF to NPS during in Budget 2016-17. But till date no news on this!
      Kindly read : Types of PFs.

  • Hello Srikanth,

    I have left my job in India on Feb’15 and have not been working in India ever since. I had requested for PF withdrawal and the request was rejected saying 15G is required. I was with the company for around 4.5 years. My questions are:
    1) Why was my request rejected? Shouldn’t have they deducted the taxes before paying me?
    2) What should the “Name of Business/Occupation” field be filled with?

    Thanks in advance,
    Smita

    • Dear Smita,
      1 – Agree with you. They could have just deducted TDS and paid the balance to your account. Even I have been noticing that EPFO /employers are asking for Form 15Gs even if it is not required (cases where employees are not eligible to submit form-15g).
      2 – in which form?

  • Hi,

    I had quit Infosys Limited last year (Jul 2015) and wanted to do PF transfer to my new company. But due to some reasons I could not initiate the transfer of the PF. Could you please let me know can I get the PF amount withdrawn now? If yes, please suggest me the steps.

    Also please let me know if any TDS will be applicable for my PF. I had served 4 years and 10 months of tenure in my previous organization.

    Moreover, I just SMSed EPFOHO UAN ENG to 77382 99899 from my registered mobile to fins the PF account balance and I received as total contributions as 0 whereas as both my old company PF and new company PF are associated with the UAN number.

    Please help and email me your response.

    Thanks in advance.

    Regards,
    Priyanka

    • Dear Priyanka,
      As you are employed and contributing to EPF scheme now, you have to TRANSFER the old EPF a/c monies to the new EPF a/c.
      As per the latest notification, only one EPF a/c should be active and linked to UAN. So suggest you to transfer the monies.

  • Dear Sir,

    Please let me know is there any requirement of PANCARD ZEROX & 15G for PF Claim process??
    I have completed more than 5 Years in the company.

  • Are there any new forms we need to submit for EPF Withdrawal, the one’s which are available in the EPF Website are they new forms or old please help

  • Hi Sreekanth,

    I am Venkat. I have a doubt on PF balance amount, as in my pay slip the total PF amount is showing as 48500.00 may I know it will be the final amount or is any interest will going to add for that.

    Please advise will it taxable?.

    Thank you.

  • My previous employer is not cooperating in EPF transfer I initiated online and have rejected the transfer claim. I know that using Form 19c and 10 c, I can withdraw EPF amount. Two questions: 1) I understand that it is beneficial to transfer so that there is some advantage later based on the no of years EPF is maintained. What is that benefit exactly? and 2) Is there anyway to get EPF transferred without getting the signature/ approval from previous employer?

    • Dear Mahima,
      1 – If you transfer the balance from old EPF a/c to the new one, your contributions years will get added (accumulated).
      For example – If you had contributed to EPF for 5 years, if you withdraw now and continue current contributions then your contribution years will be counted again from 1. So, in future if you would like to withdraw partial PF for example to construct a house then you have to wait for 5 more years. Because the criteria to make partial withdrawal for purchase of property is FIVE YEARS.
      2 – Did you apply through your Current employer or previous employer?
      You may submit your grievance to the EPFO, click here.

    • Hi Sreekanth,

      Thanks for the valuable inputs.
      I initiated the EPF transfer through my present employer and it was rejected by my previous employer. Now, to submit the grievance, I should mention previous EPF a/c details or the present one?

      Thanks

  • Hi sreekanth, i left my job on 14-09-2012 and what is the procedure to withdraw my pf amount, and am i eligible for withdrawing my pf amount,

    Please let me know and guide me if i am eligible to withdraw.

  • Hi Sreekanth,

    I worked for a company in hyd for 3 years , whose the head office is in chennai. i left the job 6 months back and i have no intention to work in future. When i went to claim my pf , i came to know that my DOB details are wrongly updated , it is not as per the Pan Card . I requested my employer to make corrections but they are not responding . I have my UAN activated . Please suggest what to do , how to withdraw my PF amount . I cant travel to Chennai to talk to them .

    Awaiting for early response.

    Thanks and Regards
    Joseph Reddy

  • Hi Srikanth ,

    Just wanted to know if i will apply for PF withdrawal now then can i get 100% of my PF or only Employee share. As the PF withdrawal new rule was withdrawn till 31st July 2016 can i apply now for PF withdrawal? Please let me know so that i can apply for withdrawal.

    Thanks

  • Please help me to understand options available to me on Provident fund. I am NRI with no income in India from 1st sep 2015. I worked in India from 31 jan 2011 to 31 Aug 2015 had provident fund contrbution to company’s private PF trust. Once I left the job in Aug 2015, I had not withdrawn my PF. Help me to understand on tax liability on PF withdrawal if i submit 15G. Will be no tax if I submit 15G for current financial year ?

  • Please help me to understand options available to me on Provident fund. I am NRI with no income in India from 2012. I worked in India from 2009 to 2012 had provident and voluntary provident fund contrbution to company’s private PF trust. Once I left the job in 2012, I had not withdrawn my PF. As I moved out of India, I had no option to tranfer in PF. Now, its about 3 years (2012 to 2015), PF account will become dormant with no interest paid. I have no immediate need of money. Help me to understand on tax liability on PF withdrawal. I understand 5 year of continuous service leads to Tax free withdrawal of PF. Will my 3 year of service (2009-12) and 3 years of waiting (2012-15) be counted in continuous service? Or Do I have to wait for another two years to be elligible for tax free withdrawal?

  • Hi Sreekanth,

    I have left my previous organization on June 20th. If i apply for PF withdrawal, will i get all my PF money(EPF+EPS). or only the employee share is given to me.

    Many thanks,
    Sudhir

      • Hi Sreekanth,

        I have another question here. I have joined another organization after leaving the previous organization and the previous organization was maintaining the PF within themselves, i mean to say that it was an exempted PF. I submitted my form 19 and 10C for my PF withdrawal amount. They are mentioning that amount can be withdrawn in case of higher studies or going abroad and non-employed and they are asking produce a proof of the same. Also they are mentioning that the entire amount is taxable.Could you please suggest.

        Many thanks,
        Sudhir

  • Can any one guide us that if withdrawal of PF up to Rs. 50000/- is free from TDS deduction then why EPFO employee insist for Form-15G/H?

  • Hi Srikanth,

    I am from Hyderabad. I have worked for one company from Feb-2013 to Jan-2014 and I have PF balance around 5o,000. My employer is asking for 15g and 15h filled forms along with Form 10C and Form 19.
    Here my question is Do I need to submit 15 G and 15 H forms to avoid TDS or not?.
    Please suggest.

    Thanks & Regards,
    Ranga.

    • Dear Ranga,
      It’s been observed that irrespective of eligibility, most of the employers are collecting Form 15Gs from the employees along with the withdrawal forms.

  • Hello Sreekanth,

    Firstly Thank you for all the good for you are doing. Highly appreciated.
    I will be completing 6 years in a company.

    So wanted to confirm,

    1) if I need to submit only the following forms,

    10C
    19
    11

    2) As far as I understood : 15G is not needed in my case.

    3) As my last day is a future date, so I am unable to fetch the form 11 for that day.
    So shall I wait till that day or is there any way out.

    P.S : I am in a rush cause I am moving out of India for studies.

    Regards,
    Asmita

  • Dear SreeKanth,

    I have worked in Company A from Aug -2008-Aug-2009, later they change my payroll to company B from aug 2009 to april 2010 and then again i move back to Company A from April 2010 till feb 2012. later i left the organization and move out of india and working in abroad. Now i have 3 PF accounts, which are inactive since i left my job.

    could you please advise me what is the best way to proceed further, shall i withdraw it or transfer all 3 into 1 account and then withdraw.

    and what is the way forward?

  • Dear sir

    I have worked more than 6 years in pvt company & my of amount is more than 6 lakh, I lost my pan card , but I know my pan no &-don’t it’s also ,
    Can I withdraw my pf amount without pan card copy.

    Thanks &regards
    Shreenivas

    • Dear Shreenivas ..As your experience is more than 5 years, TDS wont be deducted.
      But I am afraid that your employer or EPFO might ask for PAN copy. Kindly apply for a duplicate card at the earliest.

  • I withdrew my PF on 30th Jun’15 and got approx. 1.90 lakhs. The TDS was deducted approx. Rs. 19,000. Now, My tax slab bracket is higher and my actual tax is approx. 57000. Please let me know if i can be exempted by any chance. I resigned due to no work in my last organisation (Is that covered under situation beyond my control)? I was working on an IT application and the same was not used since some time. Regards. Ashish

  • Dear sir, i as worked in the firm for 2 years now i had submitted my form i just want to esk you why form 16,for 15g/15h is mandatory i guess i wil get more than 50k.please confirm? and wil some amout wil be deducted from my pf amout

  • Hello Sreekanth,

    I resigned from my old company on April 1, 2016, and i want to withdraw my pf amount now. When i went to EPF office, they informed me that they cannot sanction, as my Aadhaar details were not updated by my old company. I got my Aadhaar details updated and approved by my old company on July 13, 2016, and this reflects in my KYC details when i check in my UAN portal. I inquired with EPF office citing my UAN number, they said that my Aadhaar details are still not reflecting there. I will be joining a new company now. My queries are: How long does it take for updated Aadhaar details to reflect in my UAN at EPF office? After joining the new company, can I withdraw pf amount once Aadhaar is comfirmed at EPF office? I need this pf amount due to personal emergency. Please guide, thank you.

    • Dear sumitha,
      I am not sure about the time-line.
      Once you join a new company and start contributing to EPF scheme again, you can not make full balance withdrawal. You HAVE to transfer the old EPF a/c money to the new one.

  • Dear Sir,

    I have worked in pvt. sector for 2.5yrs and now I am going to join a government organisation.

    I want to know as per the new guidelines regarding pf withdrawl will I be able to withdraw the whole pf balance or not.

    And as govenment organisation has NPS in place.So I want your advice if it’s a wise decision to withdraw the pf amount or shall I continue with the pf account.

  • hi

    I have worked in company for 4 year and left the job after that . after 1.6 year gap I have withdraw my PF.

    they have deducted Tax on it.

    could you please explain by which Law they have deducted Tax on it . total PF was more then 5 Lac

  • Dear Sreekant,

    I worked for 3 year in my earlier company and left the company in March 2013. Currently I am working in Dubai. Now i have submitted by PF claim Form in May this year . But my previous company is asking me to submit form 15G. I assume my PF amount will be less than Rs 50000. So please advice whether i want to submit form 15 G.

    • Dear Dilip..In your case it is not required. But unfortunately EPFO is requesting for Form15G to be enclosed with withdrawal forms (whatever may be the case is..).
      So suggest you to submit the same.

  • Hi Srikanth,

    I am from HYD, I wan to withdraw my PF amount , i have worked in the same organization for more than 5 years.

    Is there any agency or contact person who can guide us for withdraw of PF.

    Uday Kumar
    9959183269

  • Hello Sir,

    I left TCS in feb,2016 after 2.5 years of service and have jointled govt. job.
    I am planning to withdraw epf as govt. sector has NPS. My PF is more than 50k .
    TDS @ 10% will be deducted for pf withdrawal. But my income for the current year will fall in 20% slab in govt job. I cannot file revised ITR as it was not filed in due date.
    Please advise on how shall I will file ITR in next year.

      • Dear Sir,

        In which part should i show the pf amount.
        In the main section of income or income from other sources.

        • Dear Yash,
          If TDS is not applicable then it does not mean that the EPF withdrawals are not taxable. Do note that, if you withdraw your PF balance before the expiry of five years of continuous service, then it is taxable in the year in which withdrawal has happened. In addition to this, your employer’s contributions along with the accumulated interest amount will be taxed as “profits in lieu of salary”. Interest accumulated on your (employee) contributions will be taxed under the head “Income from other sources”. The tax deductions claimed on your contributions will be revoked or rolled back, and shall be liable to tax.

          • Hi,

            I have withdrawn EPF after 3 years of employment. I know its taxable but wanted to know how to show it in the return.

            Please take these amounts as an example :

            1) Employee’s Contribution – 100 (Was fully claimed under 80C)
            2) Employer’s Contribution – 80
            3) Pension Contribution – 20
            4) Interest on Employee’s contribution – 15
            5) Interest on Employer’s contribution – 10

            As per my research , 1+2+3+5 (Rs.210 ) shall be taxable under the head salary. Rs 10 shall be taxable as Ios.

            Please confirm this treatment.

            Also is there any issue of difference in tax rate of the years of contribution vis a vis the year in which withdrawal is made ?

            • Dear Rahul ..I believe that Rs 15 (interest on employee’s contribution) under ‘Income form other sources’.
              Also, employee’s contribution (to the extent of benefit availed under 80c) is only taxable.

              • Hi,

                Thank you for the reply. Yes sorry 15 would be IOS and 10 would be salary. That was a typo.

                Employee’s contribution was fully availed and I suppose now it will fully be taxable.

                I just wanted to confirm :

                1) Employee’s contribution earlier claimed under 80C would be taxable under “Salary Head” right ?

                2) Some people are saying that I have to take the effect of the tax rates of the years of contribution. For example I need to calculate the amount of tax saved in previous years and pay that. Is this right ?

                or

                Should I simply put everything in Salary head and Ios as discussed and proceed to pay tax with whatever amount is computed as per current year tax rates.

                Thanks you so much.

                • Dear Rahul,
                  I believe that the entire amount related to ‘salary head’ can be just added up and tax liability needs to be calculated as per the current tax slab rate. You may kindly check with a CA too 🙂

                • Hi Rahul,

                  Were you able to get further clarification on EPF taxation . Is it taxable as per the current (year of EPF withdrawal ) slab rate or should be taxed at income tax rate when epf contribution benefit was claimed. Your update will be helpful.

                  Thanks,
                  Paul

                  • Hi,

                    In my case luckily, the tax slabs in both previous years in which tax was saved was 20%.

                    In the current year (the year of withdrawal) the tax rate is also 20%.

                    So the tax saved in the years of contribution is almost equal to the extra tax payable because of withdrawal.

                    So the AO would not have a problem in my case.

                    However, I doubt if a person who was in 30% slab in previous years, saved tax @ 30%, now paid all at say 10%.

                    This would be 101% objectionable to the Assessing Officer as in this case you would have saved more tax than you have paid.
                    Which defeats the whole purpose of taxing the withdrawal of PF before 5 years.

                    A person can very easily do tax planning here by leaving the job in the month of March and withdrawing in May in next year.

                    The only income next year (assuming no other job) would be the PF withdrawal which would be tax free till 2.5 lacs and then @10% for another 2.5 lacs.

                    This tax planning defeats the purpose of taxing the withdrawal.

  • Dear Sir Good afternoon,

    sorry i am riposting it here as i am not able add to my previous question

    i have asked the following question to you

    I an currently working in a company from last 3.9 years. Now i have taken a decision to go for my higher studies abroad.
    I have got my visa done, now i want to withdraw my PF. My payroll Dept says as per rules i can only apply to withdraw my PF after 2 months of my last working day but i have heard that if a person is going abroad this 2 month period can be exempt, please shed some light on this as it will be very difficult for me after 2 months as i have to fly next month.
    If i am right please suggest me how i can explain and convince my payroll dept about this 2 month exempt rule.

    following was your answer

    Dear Pratyush..Yes you can submit documentary evidence (Admission documents, Visa etc) to EPFO to claim your full PF balance. In case if you can not apply now and if you have UAN & KYC is verified you can submit the uan based new EPF withdrawal forms directly now or in the future.

    thanks for you answer

    i have one more query.

    i have my pan card attached to my uan also bank account details are also added.

    KYC on my UAN card says yes

    For PAN and Account number it says approved by employer.

    I dont have adhaar card.

    1. can i withdraw my pf still without employer help ?

    2. Do i have to fill any other form in addition to form 19 and 10c ? i have work here for 45 months. this was my first company.

    thanks once again sir

  • Dear Shreekanth,

    My Pf amount is less than 30 k. I left my company last August and want to get my PF now. I did not invest in any shares or policy for last 5-6 years. Do I need to fill and attach 15g and H form even then? Or should I simply send withdrawl form along with cheque, my pic and id proof? Please help
    Regards
    Anu

    • Dear Anu,
      TDS is not applicable in if PF withdrawal amount is less than Rs 50,000. Form 15G is not required.
      You can enclose cancelled cheque, PAN card copy along with the Withdrawal forms.

  • Hello Sreekanth,

    I worked for company 1 for 11.5 years and got my pf transferred to new company I joined. I worked in the new company for 4 years and I want to withdraw my pf now. Will there be any tax for me?

  • Dear Sir Good afternoon,

    I an currently working in a company from last 3.9 years. Now i have taken a decision to go for my higher studies abroad.
    I have got my visa done, now i want to withdraw my PF. My payroll Dept says as per rules i can only apply to withdraw my PF after 2 months of my last working day but i have heard that if a person is going abroad this 2 month period can be exempt, please shed some light on this as it will be very difficult for me after 2 months as i have to fly next month.
    If i am right please suggest me how i can explain and convince my payroll dept about this 2 month exempt rule.

    Thanks in advance.

  • Dear Srikanth,

    As advised by my previous employer i am going to apply my PF by first week of July, when can i expect to get my PF amount?

  • Hi
    Plz advice me if I can widraw 50% of my PF money . I have PF account more than 10 yrs in between I changed two companies and in my previous Organization I worked for 6 years ?
    I am planning to buy new house for me.

  • Hi Sreekant,
    I have completed 6.5 years in current organization and moving to new one. If i withdraw it now, do i need to pay tax on it?

  • Hello..

    i want to withdraw my PF amount it’s around 18000.how long will take,shall i get total amount?

  • Hi,

    I have withdrawn my EPF balance ,and TDS got deducted 34.6%,as PAN number and form 15g was not been submitted
    by my previous company.

    So can i file ITR to get deducted TDS back to my account.

  • Hello,

    I worked with my previous employer for 3.2 years. I waited till my PF account gets 5 years old and then withdrew the money. But still I am charged a TDS of 10% on the total amount (PF balance was > 50000).
    Do you have any idea why TDS was deducted knowing that the PF account is more than 5 years old ?

  • Sir,
    I am going to make final withdrawal of Rs. 105000 with less than 5 year of service., from EPFO. Now, what will be the amount of TDS? (PAN is submitted but no 15G)

    1> 10% of 105000= Rs. 10500
    OR
    2> 10% of (105000-50000)= 10% of 55000= Rs. 5500 ??
    Please clarify.
    Thanks in advance.

      • Dear Sreekanth ,

        What will be the case if Form 15G is submitted , suppose PF <250000 is the only income in the year of withdrawal of PF , then

        1.) Tax is applicable
        2.) Tax is not applicable.

        • Dear Aditya,
          The taxability of PF amount depends on the number of service years. If PF amount is withdrawn before 5 years, it is subject to income tax (even if TDS is not deducted).
          If total expected income is below Rs2.5 Lakh, no tax liability as the income is below basic exemption limit.
          If EPFO deducts TDS, one can claim it as REFUND by filing the income tax return.

          • Hello Sreekanth,

            When claiming refunds in ITR (when there was no other income and PF tax was taken at source at the same year), what are the entries we need to fill up in the ITR form?

            • Dear,
              You can file your ITR in normal manner. Disclose the TDS details in ‘taxes paid & verification’ section and the ITR utility will auto-calculate your REFUND amount. You can then file your ITR.

  • I have changed 3 jobs till date (IT jobs).

    Job1 – Job2  Intra state transfer (Chennai to Mumbai)
    Job2 – Job3  Interstate transfer (Mumbai to Pune)

    When changed to job2, I have transferred my job1 pf account to job2. Submitted transfer claim at regional pf office, Chennai in the year 2009. They said that it will take few months for the transfer. Later on I didn’t follow up on the transfer. But when asked in the year 2014, Mumbai regional pf office people said they didn’t receive any transfers on my name.

    When I moved to job3, I again transferred my job2 pf account to job3 and could see the transfer approved status in my UAN account. I have resigned my job3 now and moved abroad.

    My problem here is I couldn’t track my 1st job pf transfer (job1 – job2). Mumbai people say to contact Chennai and my Chennai Company people said that they got stamped on 4th Feb, 2010.

    I wanted to withdraw the money from my pf account but I couldn’t find my 1st job pf amount in my Passbook(could find my 2nd and 3rd job). Please let me know the way how it can be reflected/how I can withdraw the 1st job pf amount? Will job3 pf withdrawal contain all the money including job1?

  • Dear Sir Good evening!

    I want to know that It is mandatory to fill form 15G along with Form10C ,form19 and Pan?
    my employer returned back my pf withdrawal forms(Form10c,19 and pan card copy) because I did not send form 15G. They asking to send Form 15G.(My PF balance Is 35000 and total service 2 year in that organization). Kindly suggest
    Looking forward your valuable support.

    • Dear Satyendra,
      As per the latest notification, TDS is not applicable on EPF withdrawal of up to Rs 50,000 .
      But surprisingly many employers & even the EPFO is insisting on Form 15G for processing the forms.
      So, its better you submit Form 15G along with the withdrawal forms.
      Read: How to fill form 15G?

      • First of all very thanks to your response!

        But Sir my total Income from all the sources is more than the bascic exemption limit and I do not want wrong Submission of Form 15G because it will attract the section 277 of Income Tax act.
        Kindly suggest

  • Hi Sreekanth,

    After 4.2 years of service, I resigned my job on May 2015 . Now I am working for a company having office abroad . So no PF for the time being .I am planning to withdraw my PF amount with old employer . I have filled 10 C & 19 . However totally unaware of 15 G and UAN card as it’s mandatory to avoid any TDS. Kindly guide me

    Thanks in advance

    Regards

    Jitz

  • Hi Sreekanth,
    I have resigned from co. after completing 1 yr.Can I withdraw full pf amount.? What the process?

  • Hi Shreekanth,
    I have one query regarding pf withdrawal.
    I worked in company ‘A’ for 2 years.Then there is gap of 1 year. After that I joined company ‘B’ after 1.6 year that company is takeover by company ‘C’ with new PF account for 0.9 yrs. Then I left company ‘C’. So my total duration in B+C is 2.3 years.I transferred my ‘A’ company PF in ‘C’ act. Now in have two pf act. B and C. Will it consider same company to withdraw pf or I need to fill two withdrawal form for two act.?
    Is my pf taxable if I withdraw whole pf.?
    Thanks & Regards

    • Dear Dheeraj,
      If you are employed now, you can’t withdraw full PF. If your total service is more than (2+1.6+.9) 5 years then EPF withdrawal amount is tax-exempt.
      You can submit withdrawal forms to the current employer.

  • I have 17.5 years continuous service ina pvt organisation. PF contributions are going regularly without any obstruction. In our organiasation our retirement age is 55. I crossed 55 last month. I have to withdraw my PF. Whether TDS will be deducted?

  • Dear Reddy,

    I have worked in a private company for continuous six years and have resigned from the said company on 15 April 2016. The company told me to come and fill the form(s) by first week of July. My query is do i need to fill Form G15, will there be any tax deductions?

    • Dear Casey,
      If the service is more than 5 years, there won’t be any TDS and your Pf withdrawal is tax-free.
      Surprisingly, the EPFO has been asking for Form 15G from all the applicants even if the total PF withdrawal amount is more than say the basic exemption limit.

  • Hi Shreekanth

    Hope you are doing well !

    I had applied for PF withdrawal and got confirmation for the same saying “PF & EPS claim approved and amount will be credited shortly” on 19th May and got only PF amount into my account yesterday but not the EPS amount.I checked my online PF passbook it is showing both PF and EPS amount,my concern is that do they send EPS amount separately ? if yes what is the time duration in between ? or should I write them by raising a grievance ?

    Thanks in advance !

  • Hi Sreekanth,

    Thanks for the nice article. I need your support for following query:

    I have total 8 + years experience and i have never withdrawn PF. However, first 4.5 years were with Nokia and next 3.5 were with Ericsson (2 different company). Both Nokia and Ericsson have PF Trusts. Can you please suggest following:
    1. As i have 8+ exp but it doesn’t have 1 company with 5yrs continues. So is my PF withdrawal Taxable? If yes then how much %
    2. I can see my PF has transferred from Nokia to Ericsson. But for EPS i am not able to find any details. Every time i get a response that it transfers from RPFC to RPFC. Can you please suggest how i can i check if my EPS amount has transferred from Nokia to Ericsson or Not.

    Thanks in advance
    Br
    Vishal

    • Dear Vishal,
      1 – Not taxable.
      2 – I have been receiving similar query about EPS from other blog readers. I am not sure about the reason. Kindly submit a grievance request with EPFO, click here.. In case if you get the reply, do update it here, can be useful to all of us.

      • Thanks Sreekanth for the quick and apt reply. I will surely update if I get some response. After 50 odd tries, I was finally able to submit the query. Waiting for their response now. 🙂

  • hello dear Myself Tarun Sharma
    dear I just know that I jaust resigned my Five years working job last month And I need A loan about 500000 for my baby girl child Please give me some Solution or bank name where I can get this one and I will return it very easy EMI

  • Sir,

    My relieving date is 4th June 2016. Please let men know whether I am eligible to withdraw PF in full, as the 60 day unemployment will only be completed by Aug 5th 2016. Pls guide

  • Hello,

    I was working with a Limited company for 3 years, The company is running its own PF trust, so My PF is getting deposited in the trust. Now I am not working and want to withdraw My PF in full, and I have no income, I communicated with the trustee, they are not accepting form 15 G and TDS at 10.30% will be deducted.

    Kindly guide what should i do to avoid the TDS deduction.

    Regards
    SHAILENDRA

  • Hi,

    I am working in a software company for more than 5 years and currently active and not resigned.

    Just wanted to know if I can withdraw my PF amount (employee contribution plus interest thereon). If so, what are the conditions/purpose for which withdrawal is permitted.

    Also, I believe there is no TDS on withdrawal of PF as my service period is more than 5 years. Please confirm.

    Thanks,
    Sunil

  • Hi Sreekanth,
    Please let me know the process and proofs required for withdrawing the PF money in case i am eligible.

    Thanks

  • Hi Sreekanth,

    I have left my old company in India in August 2012 & since then working abroad in another Company.
    I haven’t filed my Tax returns in India since last 3 years. Kindly let me know whether i am eligible to withdraw PF money.

    Thank You.

  • Hii, This is Tapaswini. I completed my job 10 years .Now I want to withdraw 1 lakh from my pf account for flat purchasing. Plz let me know the tax deduction amount from my withdrawal money. Thanks

  • Sir i left my company 1 and 1/2 year back, now i want to withdraw my pf amount which is held in previous company, when i went to the pf office they gave me form 15G and asked me to get signed on form 15g from a chartered accountant, now i don’t know what to do. Should i get attested it from CA or not ???

  • Hi Sree

    I want to withdraw my pf amount but I have not completed my services for 5 years though I have got all the documentations done by my comp. So while going to submit it to epf office the documents to be carried are cancelled cheque and pan is anything else is required?

  • Hi Sreekanth,

    I have worked in 3companies from 2012 to 2015 September in India, and have submitted my pf withdrawal form and docs to my collegue on October as I was traveling abroad.

    Till now my pf withdrawal dint happen and I got the reply from collegue telling I need to go to the Pf office directly and then only I will be able to withdraw it as it is the new rule.

    How can I proceed further on this, please help

  • Hi, I have little confusion over here for date to apply these rules. As per latest news, Date has been extended to 1 Aug 2016 for new rules. So can I withdraw my full PF anytime before 1 Aug ? OR for withdrawal of full PF it should be done before 1 May ??

    • Hello Saurabh ,now the limit of withdrawing upto 1 Aug 2016, is withdrawn.now the old system of withdrawing is in operational now. But if you are thinking of withdrawing full amount of pf the do as soon because you don’t know about govt flip flop.

  • Hi Sree,

    Just to confirm I have read an article that the Partial withdrawal rules is going to implement from 1st May 2016. Is this correct? Please put some light on it.

    Regards
    Gaurav Gandhi

  • I worked 5 Years 1 Month in MNC Company in India, 8 Months back I joined another MNC Company in India, now I have UAN Number,
    with 2 PF A/C no.

    Can I withdrawn Full PF amount from my First Compamny PF A/C no.

    Please help me.

  • Hello Sir,
    Need a help please reply me soon on my PF withdraw query.

    I have worked company A for 9 months and then transferred my EPF balance to Company B and worked there 4.5 years. According to my calculation total 5 years 20 days in total. Now I am not in India and heard about new PF withdrawal rules that who are without job more than 2 months can avail a full amount of PF balance within 30th April 2016. After that partial amount can be withdrawn.

    My question is do I need to submit FORM 15G/15H compulsory (Even completed 5 years in both companies and transferred PF balance from first company to 2nd one) ?

    • Dear Snigdha,
      The date has now been extended till 1st Aug 2016.
      Kindly read: Latest EPF withdrawal rules 2016.
      If you do not have any other source of income and less than basic exemption limit, suggest you to submit Form 15G as EPFO is asking for this form from (even if the expected income is more than the basic exemption limit).

      • Thank you Sreekanth,

        Appreciate your time. But again I read in news that the PF rules has been rolled back and will be continue as the NEW System.
        Also I have another question that is I am currently NOT in India and have filled the PF form gave to one of my colleague before leaving India in 2015 so was not aware of form 15G. In-case I am not able to submit FORM 15G along with PF Withdrawal form then can I get the TDS refund when next time will filing for tax refund?

  • Dear sir ,
    This is yogesh

    I worked 2.5 Year on contract basis
    Now our contractor is change from jan-2015.
    So can i withdraw from old contract i.e. 2.5 year.of
    full EPF???
    Please reply sir.

  • Hi Sreekanth,

    I have completed 4 years 9 months of service in my current organization. I have worked for close to 1 year in my previous organization and transferred my PF when joining the current organization.

    I’m going abroad and would like to withdraw my PF . Should I submit Form 15g along with other specified forms?

    Even though I have not completed 5 years in my current organization, will my case be considered as 5 years of contribution to EPF?

    Regards,
    Sai Akella

      • Hi Sreekanth,

        Thanks for the reply. I currently hold 1 tax saving FD, 1 normal FD and 2 tax savings mutual funds.

        Regarding FDs,my interest on these FDs combined is still less than 10,000. Do I need to still update fields 16,17,18 or leave them blank? Also I’m not still clear on fields 16,17,18. What does Estimated Income, Estimated Total Income mean? Is it the matured amount or only the interest earned on these instruments early?

        Are the fields 16,17,18 applicable for mutual funds also? How can we update estimated income for mutual funds as there will be lot of variation based on NAVs and also there will be a 3 year lock in period.

        Regards,
        Sai Akella

        Regards,
        Sai Akella

  • SIR,
    @ I WORKED FOR A COMPANY IN INDIA FOR LITTLE LESS THAN TWO (02) FROM 01 MARCH 2014 TO 09 JAN 2016 ) YEARS AND RESIGNED.
    @ AT PRESENT I AM NOT WORKING FOR ANY ORGANIZATION FOR MORE THAN 2.5 MONTHS. KINDLY ADVISE POSSIBILITY OF FULL WITHDRAWAL OF MY PF. WILL IT BE TAXED ?
    @ I HAVE READ SOMEWHERE THAT EPF CAN BE WITHDRAWN IF UNEMPLOYED FOR 02 (TWO) MONTHS OR MORE.
    @ WHAT HAPPENS IF I TAKE UP ANY JOB AFTER I WITHDRAW MY PF FROM THE PREVIOUS COMPANY.

  • Hi Srikanth
    This is suresh.I worked in india till 2015 and then I moved to USA.Currently I am working for another US company.I would like to withdraw my pf amount,Could u help me to know the process of pf withdrawl.

  • Dear Sreekant

    Our company closed on 1st March 2016, can we withdrawl full EPF amount by submitting our Forms on 30th April 2016. Does it complete the 60 days process.

  • My daughter is working in a MNC since last 3yrs & resigned for higher studies for 2yrs. Please help me to get the answer to my following queries:
    1. Is it mandatory to withdraw the accumulated PF amount from her EPF a/c before leaving the present company?
    a. If yes, what is the procedure & forms to be submitted to withdraw the amount to the present company.
    b. If no, how long the accumulated PF amount can be kept in the EPF a/c without getting it dormant.
    2. Is it possible to withdraw the PF amount after leaving the present company & before joining an new company?
    3. Is it cumbersome process to transfer accumulated PF amount to new company after joining?

  • Hi Srikanth,

    On December 2015 I resigned my Company and I came to US on H1 to work here.

    Now I am eligible to withdraw my Full PF account?

    Can you please confirm me.

    Thanks,
    Nandu

  • Hi Ankit,

    I have left my organization in March first week and now working in some other organization. Can I withdraw my full PF amount now?

    Thanks
    Jagriti

  • As per the new EPF Rules there is no need for TDS deduction on withdrawals of EPF balance amounts .Hence,there is an necessary to submit the 15 G 0r 15 H Forms along with the withdrawal forms -19 UAN.

  • Hi Sreekanth

    I have the below query.

    I have send my EPF withdrawal forms today as my UAN is activated and aadhar,Account no and PAN is seeded on UAN portal. I have sent forms 10c UAN,19c UAN ,15G and have mentioned my PAN No. everywhere, but forgot to attach copy of PAN, will it be a problem ? will they reject my application ?

    Waiting for your reply.

    Thanks
    Ankiit

  • Currently I am employed. I want to withdraw money from EPF. What is the procedure? And how much amount I can withdraw? Please suggest.

  • I want to withdraw my previous employer’s PF contribution also. But my new employer has already linked the UAN (which was also used by my previous employer) for PF deduction purpose.

    Is it possible to withdrawn the total PF from the previous employer before May 1, 2016 after submission of Forms?

    Please clarify.

  • Hi…

    I want to apply for pf withdrawal.. As per new rules of withdrawing pf without employer’s signature, UAN has to be seeded with Aadhar and PAN but My Pan Number and Bank account number is seeded with my UAN account (by my previous employer) but not Aadhar number.. what do i do now? Is Aadhar really mandatory? Isn’t Pan and bank account enough to apply pf withdrawal directly through pf office??

    Regards
    Ramya Poojari

  • I am 37 year with 10 years continuous contributions to PF a/c. I wanted to withdraw both Employee + Employer contribution to meet expenses towards my under construction flat however today I read news that only Employee’s self contribution can be withdrawn as per new rule effective 1-May-2016.

    Please suggest if new rule on withdrawal is applicable even on purchase of flat. Also suggest should I apply for withdrawal before 30-April-16 to get both contributions.

    Flat construction is expected to be completed by Dec-2016.

  • Hi
    My total experience is 18 years, in my last company i have given 15 years and then from last 3 years I am in another company. Now for buying a flat I need to withdraw PF but my hr says that I have not completed 5 years in the company. I had transfered my earlier pf account to the new company account. Is it possible me to withdraw the pf as I read somewhere total contribution should be more than 5 years not necessary 5 years in present. Plz help

  • If you submit your claim before 30th April 2016, it can be processed as a special case. Restrictions imposed by 10th February 2016 notification has been relaxed. The provisions however shall come into force from 01.MAY.2016. Please go through the attached circular. You can resubmit the claim form in old format.

  • Hi Sreekant,

    I have a couple of questions:

    1) when does epf update ur account? I have checked my account today and I see no entry of interest paid on 31/03/2016.

    2) I have moved abroad 10 months back. As u may knw yesterday the government has put a hold on new rules until 30th April 2016.

    In that case if I have to submit my application for epf withdrawal, what documents shud I submit?

    My kyc are updated. So is it only UAN form 19, UAN form 10C and cancelled cheque?

    Regards,
    Ravi.

    • Dear Ravi,
      1 – Not sure about the exact date as to when the interest credit entry will reflect in the statement.
      2 – Yes, you can submit full PF balance withdrawal request now before 1st May 2016.
      Read: New EPF withdrawal forms.
      Besides the withdrawal forms, you need to submit Form 15G (if required), PAN copy & cancelled cheque leaf.

  • Hello Sir,
    My name is Deepak Singh Mehta. I worked with an organisation for 3.1years and left in the month of sep-2015. The organisation sent me pf withdrawal form. I filled it and send back to organisation along with 15G. They told me that they had sent my all the forms to PF office for withdrawal.
    my query is:
    1-Will I get my full PF amount?
    2- How much time will it take to get my pf amount?
    Please help.

  • hi i name is hanumantha i worked in company 3years nine moths i left the company now i am not working any were i want to withdrawn my pf amount full please advice how to with drawn ful amount

  • Hi,

    My last date is 21st April, 2016.

    If I will apply directly to the PF office for employee contribution (Plus Interest) withdrawal then how much time they will take for processing?

    Thanks 🙂

    • Dear Shyam..Based on few blog readers’ experience, EPFO is not processing any withdrawal requests for the last few days and keeping them pending, as their systems have not yet been upgraded with the new set of rules & procedures.So, they may take time to credit your PF amount.

  • Hi
    If a person has moved abroad can he withdraw full epf amount? How to withdraw the amount from abroad ?

  • Hi Sreekanth,

    I quit my old organization in Aug 2014 after serving 8 years and joined a new firm in Oct 14 and working till now, I haven’t transferred nor withdrew the PF amount, now will I be able to with draw the amount (old PF amount) ?

  • Hi Sreekanth,

    I was working in a company for 9.2 years upto April 2015 and am currently not working. Is it possible to withdraw the complete PF amount or only employee share can be withdrawn. If only employee share can be withdrawn now will the remaining amount earn interest after 3 years upto my age of 58. Please let me know.

  • Hi Sreekanth, My Self Basab have not withdrawn my PF since 10 years and now i have left organisation since 3 months and i want to withdraw my PF, i have already submitted form for withdrawal but i cant withdraw now. Can you let me know how much amount can withdraw and when i can withdraw rest of the amount. whether the amount i withdraw is tax free or taxable. so when final decision can be made for PF Withdrawal

  • Hi,

    I had worked for a company in India for 3 years and 3 months. I have checked online my epf balance, as my UAN is active.

    I have shifted abroad for a job and I have been working here for last 10months now.

    I’m aware that the epf withdrawal rules have changed recently, but I also read somewhere that if a person has moved abroad, then he can withdraw his full epf balance like before.

    The new rule of only being able to withdraw employee share and interest is not applicable.

    Can you please confirm if it’s true?

    Regards.

    • Dear Ravi,
      The old EPF rules were very clear regarding this..
      But as per the new rules, I am not sure..Could you please kindly share the link which gives us information that full Pf balance can be withdrawn by the employee who has permanently moved to a foreign country and not contributing to the EPF scheme.

      • Hi Sree,

        Just to confirm I have read an article that the Partial withdrawal rules is going to implement from 1st May 2016. Is this correct? Please put some light on it.

        my withwrawal amount 30,600/-

  • Dear Sir,

    I heard that EPFO dept. will reserve the Pension and the employer fund for aged 58. We can only claim the employee share and pension and employee fund, you will get on age 58.

    Is this the right news? or it is just rumors.

    Please confirm.

    Thanks!

  • Hi, In case if someone wants to withdraw the partial PF amount, which as per the new rules applies only to the Employees contribution & the Interest accrued, what is the process for the same? Is the same Form 19 for withdrawal to be filled up & submitted or is there some other formalities to be completed?

    • There is an online petition going against this unjustified EPF withdrawal rule. Please sign and share the below petition. In fact I have tweeted Srikanth Reddy also to share the petition details in his blog.

      Sign it at change dot org why should we wait till 58 years to withdraw Employee Provident Fund

  • i leave me previous company 8 months ago
    my pf not withdrawl always say not a digital sign of md
    what can i do ??????

  • Dear sir,

    i made transfer claim previous employer to present employer and in a transfer claim i selected previous employer attested after completion of attested by previous employer i can see mr present company EPF contribution in previous company UAn Number which links to my previous member id ( it will mention in with my previous company contribution)

    need your guidelines sir,

    Regards,

    Denish Maisuriya

  • I have changed my previous company last year 2015, September. Full & Finalisation done. UAN statua is also clear. My UAN is activated ,I want to withdraw my PF , As per New epf Rule Full amount can be withdraw only after retirement . But I want to withdraw Full Amount. My Current Employer is giving my only cecque payment ( Bank account is clear , no salary is depositing scince Sept 2015, )Kindly guide me If I can withdraw the Full amount.

  • I WANT TO DO CASE AGENTS THE NEW RULES ON WITHDRAWAL MY EPF MONEY, THIS MY MONEY NOT OF GOVERNMENT. PLEASE ADVISED THE PROCEEDER.

  • Yes Sreekanth,

    Do you meant to say that your employer is deducting some amount from your salary but not depositing it in your EPF a/c?

    *** I Mean it is not depositing under my name, since my PF no. is wrong…

    What does this mean : UAN No all the details are not matching with my data.??

    *** It Means the UAN No. which is allotted to me, in that instead of my details some other person details are showing.

    So i am thinking my PF no is wrong, since when i checked the details online i found other’s name.

    Regards
    Rupesh

  • Hi Sreekanth,

    I would appreciate for your awesome responses.

    Here I have a query regarding the Mismatch of UAN No. Against the Employee Name.

    • Actual the concern is my current organization has given me the PF No. is xyz and the amount whatever is deducting from salary towards PF it supposed to be accumulate into that under my PF No.

    • My HR has not given me the UAN No, so what I did through UAN portal I had generated my UAN No. as per the my PF No.

    • When I generated the UAN No all the details are not matching with my data.

    • Even I have check the details in EPF portal under Establishment Information Search, in the organization list, my name is not found under my organization.

    • I felt my PF No. is wrong so I asked to my HR regarding the same, but there no proper response from them.

    • My question is, whether it is possible if my name is not there in the organization list, but still my PF amount is contributing under my PF no. ???

    • Is there any chances to escalate this issue to the PF authorities directly ???

    Can you pleases suggest what to do..

    • Dear RUPESH,
      Do you meant to say that your employer is deducting some amount from your salary but not depositing it in your EPF a/c?
      What does this mean : UAN No all the details are not matching with my data.??

  • How much % of amount we can withdrawal for buying house under partial withdrawal, Currently I have completed 6 years in IT and have 2 lacs including employer and employee EPF contribution and EPS as well.

  • Dear Sreekanth,

    I have a query wherein i am in a need to take out money from my EPF a/c for property purchase.
    Conditions I am meet here:
    In continuation of service from past 8 years and all my previous pf transfer happened to my current employer PF successfully.

    Questions which I have are :
    1)I have herd something related to permanent loan against PF which we don’t need to re-pay.Can you confirm on this?
    2)What would be the amount eligible to opt for PF Loan.
    3)My existing employer has asked me some supporting document which is in favor of Question 1 & 2.So,would be great full of yours if you could help me with something in this context.
    4)What is the maximum time it would take to complete all the formalities in return for this corpus.

    Appreciate your response.

    Regards,
    Ankit

  • I came back home to India from the US in 1997 and worked as an employee of captive outsourcing units of MNCs till the end of calendar year 2011 almost with no breaks (other than a month that I’d taken off between two consecutive jobs). I did not transfer my PF accounts when I moved across companies – nor did I withdraw the accumulated amounts. As a result, each of my accounts became inoperative. Only one o these jobs exceeded 5+ years, the others were about three years each.
    I’m now being told that I can’t transfer these amounts to one account as all of my accounts are inoperative and that my only option is to withdraw the amounts from each account individually.
    1) What are my options?
    2) How do I withdraw the amount from each account individually while getting credit for the 5+ years of contiguous service and hence no tax deducted at source?
    3) Does the 15G need to be filled for each withdrawal other than the employment where I exceeded 5 years?
    4) Fields 4, 16 & 17 on 15G Part 1 – Do they relate to the year of withdrawal of year of departure from the employer?

    Appreciate the help.

    Mac

  • Dear sir

    i am 53 year old and suppose i wish left job at the age of 55. After 55 i need rs. 25000/- per month to meet my expences. Can you suggest / guide me how much amount i should invest and where to invest get this 25000/- per month.

  • Dear Shreekant,

    I worked in Wipro for 2 years and have the left the company. I placed a request to withdraw the PF from Wipro. They are telling me that only the employee contribution will be given, I want to know why the employer contribution will not be paid?
    My last working day was 18th NOV, please confirm how to get the full PF amount and also confirm me whether my account is inoperative or operative.

  • Hi Sreekanth,

    I see that you have been replying to all the posts regularly thank you for that.

    I worked in Wipro for 1.7 years and have the left the company. The new organization is not having PF facilities and hence I placed a request to withdraw the PF from Wipro. They are telling me that only the employee contribution will be given, I want to know why the employer contribution will not be paid?
    It will be helpful if you can tell me. Thanks

  • Hi,

    I left my previous organization an year back worked with 4 years and Joined to another organization and linked my UAN but my previous organization told me they have transfer my PF amount to New PF account but till date they are not done for any transfer provision now i am wont be part of any organization.

    In which i am withdraw my new organization 1 years PF recently, b’coz i thought my previous organization done for transfer my old PF fund to New PF account and when I have applied for withdrawal we will get both PF amount (Old+New)

    So, my query is, “Can I withdraw now my PF from my previous company, where I worked for 4 and few months”.

    • Dear Milind..Are you currently employed? If you have member-id (old org), you can just link it to your UAN and the old EPF a/c monies will get automatically transferred to your new member-id.

  • Hi Sreekanth
    I am working with an MNC since last 10 years. I wanted to know, whether I can withdraw a partial amount from my PF for some urgent personal requirement.
    My HR had communicated that, I can withdraw the PF only based on certain criteria as mentioned below, but none of these are applicable to me as of now.
    A) Purchase of New Property B) Major Illness C) Marriage D) Child education fees after Matriculate E) House renovation (provided its in my name), etc.
    So, under this circumstances, whether I will be able to withdraw the Amt. required w/o having any categories mentioned above – I mean are there any rules or amendments with regards to this.
    Kindly revert and eagerly waiting for your reply

  • Hi Sreekanth, I worked for 2 years 9 months in my previous company, and left in Dec 2014, now working somewhere else continuously. So how can i withdraw my PF for previous company without getting taxable. Since my previous service was less than 5 years, Do I need to transfer my PF account/UAN to my current company PF account, and total of 5 years will be counted, then i can withdraw the amount when i leave my current company.
    Please explain.

    Thanks
    Ankit

  • Hi Srikanth Reddy, My brother need to withdraw his EPF amount from his previous employer is there any online procedure to withdraw if yes could you please provide the link ?

    Thanks in Advance.

  • After 12 years of service, i Quit a company and started business since Sept 2015. Can I withdraw full amount now? or any changes?

  • I have given resignation and submitted form on 1th of December 2015.And my company to keeping form 2month after that submit it, So I went to submit form in EPF office but they told to submit it in delhi office as my account is related to delhi epf membership, and also told me that you will get withdrwan after 54 age..

    How can i get my PF, what to do here

  • Hi Sreekanth,
    I resigned from work in Feb 2016 and will be relieved in april 16. i wish to withdraw my PF. my service period is 8 yrs continuously with current employer.
    is this TDS rule affect me.
    how much i can withdraw and how much tax i have to pay if applicable.

      • I have same question

        Please confirm the new rule applies to people who have quite after Feb 10 2016? I.e. as per your statement – Anyone who has quit before Feb 10 2016 would get the 100% PF corpus, while anyone who quit after Feb 10 2016 would not get 100% EPF corpus.

        As I quit my job in 11th dec 2015, can I apply to withdraw my 100% PF corpus.

  • PL refer june, 2015 rule of PF withdrawal before 5 yrs contribution ,income tax will deduct if with draw before 5 yrs. pl note I am 64 years old my service period is 4 and half yrs only and now my company retired me on age ground. now it is very difficult to continue subscription till 5 yrs completion without any job, I do’nt want further any service at this age.
    Pl lt me know how my 5 yrs contribution will complete without job so that I can with draw my amount( more than 30000) without tax deduction.
    regards,
    D C Bhardwaj

      • Dear Sreeikanth ji,
        thanks for reply ,
        Yes, I served for 34 years with a govt undertaking company ,they retired me at the age of 58 and paid my full and final P F money on the date of retirement.
        after a year I rejoined another private company who start my fresh PF deduction and took my services for 4.5 yrs and retired at the age of 64 ,
        My PF amount accumulated is around 3.75 lacks,
        pl advise whether tax deduction @ 10% is compulsory if I withdraw the said amount now( before 5 years).

          • As per Pf deduction rule, 10% tax should not be deducted for withdrawal before 5 yrs as per rulling of 2015, june.
            The same contributions has been claimed in income during my I T retuned of previous years .
            Pl let me know reason behind it,
            regards,
            D C Bhardwaj

  • I have given resignation and submitted form on 5th of December 2015.And my company submitted my form on 4th of March 2016. They told company keeping form 2month after that they will send. So I have submitted form to the company before new rules. there is any changes in claim amount. What I will get.
    Pls reply

  • Hi Sreekanth, I have left my India job in Jan 2015 and shifted to US. I want to withdraw my full EPF money. is there any special provision for NRI? if not, is EPF will pay the interest after 3 years?

  • Hi, I read the PF withdrawal rules but still have confusion. I resigned from my previous organisation in October 2015. So since this is an old account from before the new rule was applied will i be able to withdraw the complete amount (employee+employer contribution) or will this new rule of withdrawal amount of employee contribution only be applicable for even the old accounts? I was eligible to withdraw after 26th Dec 2015. Neither i had applied for withdrawal nor transferred. Please let me know what will it be. Thank you very much.

    • Dear Sujeet,
      Looks like if you apply for withdrawal now, you can get only your share + interest as the rules are already in force.
      I have been informed about the same by one of our blog readers who has a similar scenario like yours.

  • I am really disappoint with this rule .Government only want to keep money of ours and want to gain benefit .Its very disappointing for private sector employees.I want to withdraw my money to pay my loan but now i cant.I am paying huge interest so want to clear this with my accumulated Money.Why government is always thinking of theirs why not they think for AAM ADAMI.

    • You are right ROZI. That’s why congress party has been ruled more than 60 years on India. This is for 7th pay commission funding arrangement for central government.

  • Dear sir, its ravi how to collect my pf account number to withdraw money i forgot my pf number i know only company name only… sir can you find my pf number plz sir…….

  • Really Iam Very Disappointed Bacause Of This Rules

    We are Working In Private Company Not A Govt Company

  • Hai
    I am Kamala Raghu, I am 53 years old, my PF amount is acumalating from August 1996 to till date. I kept this amount for my daughter’s Marriage. how may percentage I will get and what is the the pension amount I will get.

  • Hi , If I resigned My Job Can I withdraw my PF will I get completely or partly? T Depending Upon MY PF Amount further Studies

  • HI GOOD MORNING SIR
    I HAD JOINED THE ORGANIZATION ON APRIL-2015 AND RESIGNED ON FEB-2016 AFTER 2 MONTH MEANS IN MAY-16 I WILL SUBMIT THE WITHDRAWAL FORM SIR PLEASE CAN U EXPLAIN ME WHETHER I WILL GET THE FULL AMOUNT OR ONLY MY CONTRIBUTION.
    PLEASE HELP ME IN THIS ISSUE.

    THANK YOU

  • Hi Sreekanth,

    Firstly thanks for providing such valuable information for all posts with patience it is really appreciable.
    I have some concerns about UAN my past employer has uploaded KYC details in to the portal but in the site there it is showing the status is pending, who need to approve those KYC.

    Thanks
    Harish

  • Hi Sreekanth,

    I worked 2 months in one organization and then after 6 months of brake , i join other organization with a new PF account and worked one year in second organization.

    I am not working now from past four months. Can i apply for full withdrawal in both organization?

    Regards

  • Hi Sreekanth.This is Tapaswini.My pf balance is around 6 lakhs and now I want to withdraw for giving down payment of a flat purchasing. I already completed 10 years of my service life.Plz let me know maximum how much amount can be withdrawn? and what’s the procedure?How much time will be taken?

  • Hi Srikanth,

    I need a help to with draw my pf from previous company worked only 18 months.In last five years I switched many companies and tenure follows

    Company A — 18th Feb 2010 – 13th Sep 2010
    Company B — 15th Sep 2010 – 18th Jun 2013
    Company C – 19th Jun 2013 – 30th Jan 2015

    Company A PF balance transferred to Company B, then Accumulated PF (A & B) transferred to Company C. Now i want to with draw PF from Company C which I worked only 18 months. My question is whether tax will be deducted on my PF or entire amount will be non-taxable.

    Please clarify as i need to with draw before April 01st due to new rule implemented by our government.

    Thanks
    Deva

    • Dear Deva,
      The new tax rule (60:40) will not impact the accumulated balance. This clause is applicable only for the contributions made from 1st april 2016.
      If you are currently employed, you can transfer the balance to your new EPF a/c, else you can withdraw only your share+interest there on.

  • Hi,

    If changing company, at that time I’m having my PF balance is 75,000.

    In that scenario, My balance is transferred to my new PF account or else i can withdrawal.

    Thanks in advance.

  • can anyone pls explain with calculation matrix?…
    Retirement age is 60 yrs my age is 59 yrs and in 30% tax bracket, total PF savings at the time of retirement comes to 10 lac, 40% is tax free means balance 6 lac is under tax-bracket.
    So much heard, seen right from rumor to expert views but not able to get clarification for following points
    1) Whole 6 lac will be taxable means I have to lose 1.8 lac (6*0.3) as applicable 30% tax slab?
    2) Out of 6 lac how much money will be considered “Interest earned” which is to be taxable?
    3) Taxable Interest “portion will be calculated for Ïnterest earned on retirement year”or Ïnterest earned since inception”?

    Thanks in advance

    • Dear Sharad,
      Kindly note that this new 60:40 clause is applicable only on the future contributions (ie from 1st April, 2016) only.
      The accumulated balanced till 31st march, 2016 is not subject to any tax.
      Since you have attained 59 years, you also have the option to withdraw full EPF or 90% of full EPF balance without any taxes.
      Kindly read: Latest EPF withdrawal rules 2016.

      • sorry dear u could not understand my point & took it personally:)
        ok i make it more clear , my age is 40 yrs and after 20 yrs total PF fund will 01 crore, do I need to lose Rs 18 lac out of 01 Cr?
        all 03 questions will remain same, pls reply

        • Dear Sreekanth,
          my only interest is to know how tax will be calculated on 60% portion which no one is able to clarify!!
          how interest part will be segregated in 60% , even till date there are huge no of offices in un-organised sector where PF entry is done manually.

          Bit unfortunate that more than 750 learned people have shared their opinion and none of them is able to give calculation?

          • Dear sharad,
            Did you go through the link which I have suggested?
            Any contributions made & accumulated balance till 1st April is tax free.
            The accumulated balance from april 2016 till your retirement age, on that 40% is tax exempt and the remaining 60% is taxable (if annuity product is not bought).
            If this new rule (budget proposal) is notified and implemented from April 2016, the EPFO has to update their IT systems (software/applications) incorporating these new amendments.

            • Dear Sreekanth,
              I had thoroughly read your given link but that does not clarify the “Taxable amount”& its calculation:)

              Sir the PF amount which is reached to Rs 01 Cr or 100 Lac is the combination of interest plus principal

              40% is tax free is removed from 01 Cr !
              ->Is this 40% is part of “purely principal amount?
              ->If whole fund is divided in 40% & 60% then how the interest will be shared to 40% & 60% amount
              ->Interest portion of 60% means means what?
              ->is there any formula to calculate interest part separately from a grand total of 60 lac which is a combination of interest plus principal?

              request to elaborate with an example may be after some time.

  • This new policy is not Convenient for private sector employee. Need to modify this policy.

  • Its means after 1st April, I can’t withdraw employer contributions also, for child education fees, what is this ? Government hold my money, I go with others for loan . very sad, have any advice 10 years PF a/c holders give tds on withdrawn,

  • Dear Sir,

    Please share me circular dated 10.2.2016 where in employee can not get employers and employee contribution with interest?

  • Hi Sreekant

    I worked in organization till Aug 2015, I resigned and doing my business now. Currently not working in any organization. Can I withdraw my PF now? Please advise

  • This is our Money. How dare u impose tax on our Provident Funds. Dont make PF mandatory then if i am supposed to give u TAX for my PF. This is UNFAIR. MODI what abt the middle class people like us. Why are you harassing us with TAX on our PF

  • Hi Shrikant,

    Looks like good news for the inoperative accounts.

    I just called up one of the Regional PF Commissioner. He clearly mentioned that inoperative accounts will not earn the interest. With new rule, these accounts cannot be made operative AND hence one can withdraw the full amount.

    The procedure/paper work may differ between the regions. He asked me to contact my regional office and follow the procedure.

    Conclusion is ” Inoperative account – need not wait till 58 and can be withdrawn”. I hope I will get the similar answer from my regional office.

      • Thanks,
        I will be busy with withdrawal process now :). Hope it will be smooth.
        I will update you once PF office accepts my application.

        Big relief for many!

  • Hi Shrikant,
    My PF account is inoperative since Aug 2015 as I am unemployed since July 2012. Now the new rule says that I cannot withdraw the full amount. Does that mean My account will be operative again and will get the Interest for the same?

      • Thanks Shrikant.

        I too hope so.

        I did not withdraw it earlier as the interest rate was better than banks’ and the interest earned is not taxed. I had planned to withdraw it after 3 years and move it to Bank. Got delayed in documentation and the new rule came in place. I think Govt must make such accounts operative and pay interest on it OR allow the full withdrawal.

  • Hi Sreekanth,

    I was working from 2009 to 20011 in an organization and later moved on with other company with an new PF account. My query here is,

    * I did not withdraw the PF from my previous organisation immediately after leaving and now i have applied for the old PF i.e. on (March 01, 2016). Would i be getting the complete amount or partial ?

  • Hi shrikant, I have resigned on 30th of Jan 2016 and I want to withdraw my PF will I get completely or partly

  • Hi Sreekanth,

    I have contributed to EPF for 8 years till Jun 2015. I moved to Abroad to be settled here and EPF contribution is stopped since few months. If I am not going to use EPF account in future and I want to withdraw full amount Employee+Employer contribution, is it possible? How the new rule will apply in my case as I dont want to continue account and withdraw full amount? Will interest be earned on the Employer share on EPF?

    Thanks,
    Nilesh

  • Hi Sreekanth, I resigned from work in Nov ’14 and have applied for PF withdrawal in Feb ’16. Will the Rule eff 10th Feb16 apply to my withdrawal as well! I am one year before resigned job , but now (feb-16) apply withdrawal this new rule affect for me

  • Hi pls help to understand, am currently employed with an org and my age is 34, if i quit the JOB as i plan to start something on my own,.will i be able withdraw complete amount PF(EMPLOYEE+EMPLOYER+PENSION fund)

  • This is one ridiculous step by EPF. I had increased my pf contribution so that I can use the entire amount at the time of my marriage. As sister just got married my parents cannot afford another wedding expense. So I increased my pf contribution and have accumulated a good amount of 5 lakhs (employer + employee) which I was happy with but this new PF law has just blown my mind out. 🙁

  • Hello sir,

    I was worked for a pvt company for 9.5 years, right now i am unemployed almost for 3 months. My question is : 1) can I get all 3 parts I.e. employee + employer + pension part all to gether & 2) how much time it will take to receive money ( as per rule 2 months are already over ) ?

  • Hi I’m Rajesh Bogam I had resigned from my job and I have to apply for pf. Can I get the whole money I secure because I need money n my age is 51.

  • Hi Sreekanth, I resigned from work in Nov ’15 and have applied for PF withdrawal in Jan ’16. Will the Rule eff 10th Feb apply to my withdrawal as well!

    Regards
    Ayesha

  • Hi, I wish to withdraw my EPF now in Feb 2016 , i have the below queries.
    Q1 : Does i get the EPF interest till Feb 2016 or only till the last Financial Year – March 2015
    Q2 : My job has been terminated which is beyond the control of the member, hence TDS/tax should not be deducted as i have served for only 4.7 years and terminated by employer. I have joined a new company almost 2 years back and had earlier applied for EPF through employer, but the claim settlement has rejected and did not get the reason for rejection and also did not get the rejection letter dispatched.
    Q3 : Whom to contact for reason for rejection.
    Q4 : Does the employer accept if we mention Reason for Leaving the service as – Terminated from Employer.
    Q5 : To withdraw EPF and avoid TDS/tax for EPF amount what all forms to submit – Is it Form 19 and 15G is enough or any other forms to submit, as the EPF amount is above 2.5 Lakhs.
    Q6 : As i don’t have Adhaar card and UAN, can i submit the forms in regional EPFO office without Employer signature or can be submitted through employer only.
    Q7 : How much time will it take to get the EPF amount to my bank account now.

    Thanks,
    Manju

  • I resigned from my job on Nov’11 and served for 3 years 9 Months . Now today , after almost 4 years , i wanted to withdraw my PF accumulations, I have few queries below:

    1) Tax Deduction Percentage – PAN will be submitted.
    2) Interest on PF Accumulations for 4 years.
    3) Time taken to withdraw.

  • Shreekanth Ji,
    Thanks a lot for writing such easily understandable blogs on these tedious matters. I really appreciate your efforts.
    I have a question:
    I worked for 3 years. I am now about to complete my MBA (2yr course). I planning to do my business after that.
    I want to withdraw PF. It is more that 2.5 lac. Can I make partial withdrawals to avoid tax. One part this year and other part in next financial year.
    Regards
    Utkarsh

  • I have received a notice to submit Form 15G for withdrawing PF Amount. Since, I am applicable to TDS, I submitted PAN but they gave back the form and asked me to get Form 15G. Why did department insisted on Form 15G? I have no qualms if they deduct TDS based on the PAN provided by me.

  • Hi Sreekanth,

    I have just completed 5.2 years in my current organization, and I have got to knew that I can’t withdraw my PF amount after leaving the company. by this time I had already submitted my resignation and now time is left approx. 1 Month 15 days.

    As per company representative and PF instructions (verbal) I am trying to take advance loan against Housing Loan repayment. however I am still not sure if this required 10 years of services or 5 years. I already have taken Home Loan from LIC and wanted to pay some principle amount from PF earning.

    Can you please guide me if I can take advance loan against Repayment with having 5 years of service?

    I am not in position to take risk since I need to get it clear before leaving my current organization.

    In case if I can’t, then please suggest the other options.

    Thanks in Advance.

  • hi friends,
    my pf withdarwal attracted 10% flat TDS.updation was not done in 26AS.I filed RTI for from 16A or TDS certificate.They replied telling they won’t issues neither of them.But they updated the 26AS against my PAS where it shows TAN of deductor and amount creditted and TDS taken.This is enough to reclaim the TDS.
    Regards
    Sudhakara

  • Hello sir ,
    I want to withdraw my pf amount but m still working in Same company. Can I withdraw my amount without giving any resignation to company???

    Thanks in advance

    Rahul Gupta

  • Hello Srikanth,

    I have completed 4 years 8 months in my current organization. I would like to withdraw my PF amount as i have resigned. will my PF amount be eligible for TDS?

    will the 4.8 years be rounded off to 5 years?

    thanks

  • Hi Sreekanth,

    This is Madhuri again. If you don’t mind, can you please explain me all the procedure to withdraw the PF with out employer support and I don’t have a Pan card as well with me.Please let me know what all forms I should be submitting in the PF office because I am getting totally confused in the forms.

    Please help me in this regards.

    • Dear Madhuri..Suggest you to kindly get PAN number at the earliest. I believe that without PAN & without your KYC details being verified by your employer, it may not be possible to withdraw your EPF monies.

  • Hello.

    I am informed that with regards to PF funds, interests would not accrue to the same upon 3 years of accumulation (i.e., no withdrawals).

    I wish to know if the same principle applies for accumulations in case of PF Trusts as well.

    If possible, please provide the legal source ( either under the EPF Act/Scheme or a judgement/case-law) to support your answer.

    Thank you.

    • Dear Dinesh,
      I believe that your understanding is wrong. The EPF subscriber would get the interest amount on all the contributions.
      It is only when one stops contributing to EPF scheme, the interest would still be given for 36 months on the accumulated balance. After which the EPF a/c would be treated as an inoperative one.

  • I was working from 21th sep 2011 to 7 th dec 2015 in an institution. Due to my health problem and family situation i suddenly left my job giving my resignation letter.is it possible for me to get my epf amount without any 10% tds as it is less than 5 years.

      • thank you for your response. my salary per annum is 120000 and there is no source of income for me.then how the amount is taxable.should i want to fill form 15g or not.

        should i go for scheme certificate or withdrawal benefits by ticking the box yes or no in employees pension scheme given in No.8

        • Dear rekhasankar,
          If your income is below basic exemption limit, you can submit Form 15G and in your case the withdrawal amount is not taxable, but you may have to show it in your ITR as an exempted income.
          If your service is less than 10 years, you have to withdraw EPS pension amount.

  • Hi Srikanth,

    First let me thank you on this wonderful gesture in helping people to understand the complexity involved in EPFO related activities. Can you please let me know if I can withdraw the PF amount?

    I have worked in an MNC from 2009-Nov to 2015-April i.e, for a period of 5 1/2 years. After I have joined another company and tried to apply for PF withdrawal but I have been asked to fill the above forms where I should declare that I am unemployed. Is it possible to withdraw the amount as I have worked in the company for more than 5 years? Thank you in Advance.

  • Dear Shreekanth,
    I have worked in MNC from Oct 2012 to Mar-2015. While I have applied for withdrawal of my PF they asked me the deduction of 10 % TDS as per new rule. At present I am pursuing my studies and not having any source of income from Apr-2015 onwards. So I have not withdrawn my PF and thought of transferring it later once I start working. But meantime I want to know can I withdraw my PF without any TDS as I don’t have any source of income?
    Also let me know is it possible in my case to avoid any deductions by submitting 15G form while withdrawal or I have to claim the deductions in IT return? ( pls note that in my case my PF is with the trust of my company)

    Thanks in advance,
    Dhananjay

    • Dear Dhananjay,
      Yes, in your case you can submit Form 15G along with EPF withdrawal form to avoid TDS. But if your total withdrawal amount is more than the basic exemption limit of Income tax slab, you have to pay taxes accordingly.

  • Hi. I am one of the victim of this new clause of epf. I have submitted withdrawal request on Dec 2015 And I have already got the money. The amount received was lower which led me to start the investigation and I realised that I am a victim of this new rule. My question is….is there a way I can revert the transaction and keep my epf account active….

  • Sir, I have worked with Elder Pharmaceuticals Limited (Ellife Division) as a Business Executive at Delhi Head Quarter from 17/10/2006 to 09/09/2007.
    My PF account no is not known to me. I tried a lot over the last two year to withdraw my PF. To do the same I have sent my PF withdrawal form twice by speed post with all relevant documents to the Elder Pharmaceuticals Delhi office (Speed Post No.- EU5699448251IN) and Elder Pharmaceuticals Bombay Office (Speed Post No.- EU667340271IN). I have called several times to Mr. Praveen on the no. 9810798408 and write emails to Mr. Avesh Salvi to the address [email protected] to follow up. I didn’t get any satisfying response or necessary details to fix the issue.
    Then I have filed a Grievance on 08/07/2015 vide registration no. ROBND/E/2015/08444. But on dated 11/08/2015 my Grievance closes with the statement “the establishment informed that Mr. Pradeep Kumar is not an employee of their establishment” and requested to submit any documentary evidence to support my claim. In the comment section of Grievance page, I request to inform the name and address of the officer whom I submit documents because all details on the Grievance page are system generated. This is not helping me out. I didn’t find out the process of submitting documents. Then I have filled another Grievance dated 16 Oct 2015 vide Registration number ROBND/E/2015/15002 and request to guide regarding the document submission process in support of my Grievance. Again my Grievance is closed and informed me that “after processing your grievance, the following action(s) has been taken: without PF no. we are unable to redress your grievance. You confirm about your PF no. & submit the form or you may contact your employer for get the Pf number”.
    Please guide me what legal action should I take against my company and what I do to get my PF.

  • Hi Sreekanth,

    Thanks for the wonderful post. I have a query. I have been working in the current company for last 6 years and will be quitting on Feb 28th. I have my joining in the new company on 10th Mar’16. I m quitting because I want to withdraw the huge sum that I have saved. Since I will not be unemployed for 60 days, is there any possibilities of me withdrawing the complete amount for my personal reason.

  • Hi sir,I have been employed by a pharma company and recently had my UAN number but to my surprise I found the name of my father incorrect .can u plz suggest what’s the procedure of correcting the name in their records.Regards
    Ravikanth

    • Dear Ravikanth,
      You have to raise name change request through your UAN login and submit valid ID proof document to your employer.
      Your employer will verify and then in turn forwards the request to EPFO database for correction.

  • Dear sir,
    I m in bsnl since nov 2000. due to confusion of rules, bsnl not deduct my EPF from begining. now employer open my EPF account from nov 2000 . question is that who will submit employee contribution and intrest.

  • Hi Srikanth,

    I have worked for a company from April 2012 to June 2014 .Still they are not authorizing my withdrawal form to withdraw my amount. How can proceed further to withdraw amount smoothly.

    Thanks
    Harish

  • Hi Sreekanth, I have been with one employer from May 2010 to June 2011 and transferred my PF towards Current employer (June 2011 to Till date) .I was out of India from India Payroll (NRI status) with my current employer from Nov 2014 to till date.Overall, I can say my continuous employment in india is ~4.5 years (May 2010 to Nov 2014) which is less than 5 years.
    1.Am i eligible to withdraw(either partial or in full) my PF from India as i am not active on India Payroll for an year plus?
    2.If so,can you please update the procedure? Should i pay TDS of 10% in this case?
    3.Am i eligible to withdraw PF without any TDS If i come back India and stay for 6 more months plus (not sure whether it is considered as continuous service or not though i am staying with same employer but in USA Payroll )?

    • Dear Kalyan,
      1 – I believe that you can withdraw your PF but can be subject to TDS.
      2 & 3 – Check your residential status.. If you are an NRI and do not have any other income from India (if your income is less than basic exemption limit), you can submit Form 15G to avoid TDS. Read : TDS & misconceptions. Your case is bit tricky one, you may also try to get inputs from your India HR/Accounts dept. Do update the information here, so that it can be useful to other blog readers. Thank you!

  • Hi srikanth , i regularly following your web site . I need one help from you .

    I joined in one company in Jan -2012 .In 2014 (AUGUST) my company is merged to parent company.
    In 2015 Jan, i joined in another company and i got UAN in current company.My question is How to transfer my old PF(having 2 pf accounts ,one is very fist(before merged ) and second is after merged) to current Company ?Please help me in this.

  • Hi Sreekanth,
    I am planning to quit my current job and start my own business. I don’t want to withdraw my PF amount immediately. I want to know that, How long the PF department will pay the interest after I quit my job when there is no further PF deduction from me. People say 1 year 3 years and 5 years. It would be great if you let me know the actual no. of years I get interest paid for my balance account.

    Thanks,
    Sunil

  • Hi I am Naveen working in MNC from last 8 years. Can I withdraw my PF amount without resigning my job. If yes then how to do it ???….

  • I have UAN number and able to login. My PF office is Pune.
    1. Noew the employer asks for previous employer Employee id, PF number i could not submit as i dont have. How to proceed?
    2. Previous employers amount were transferred but the service period not included in the new PF as the total experience is not showing at actuals but only the current employer service.
    3. Now i am planning to construct the house (demolish the existing) and am i eligible for 36 months or 24 months of basic.
    4. Is there an online submission available directly to PF office.
    5. What documents needed
    6. How long it takes in general to get the amount credited.

    Thanks in advance.

  • Sir
    I have worked in below 2 company
    1) 2 year from 2013 jan to 2015 jan
    2)8 months jan 2915 to aug 2015

    From august I am jobless and wanted to withdraw my pf account
    1)Do I need to apply separately in both the companies for PF withdrawal
    2)Do i need to feel 15G form ,what do i need to declare in it
    3)I have filled my IT return but now i am jobless

    Is there any income tax related stuff that is gone to impact me

  • Hi Sreekanth,
    Thanks for wonderful job that you are doing. I have a question. Below are my employment details:

    1) Employer 1 : Feb 2007 – Dec 2010 – PF Withdrawn
    2) Employer 2 : Feb 2011 – Jul 2011 – PF Transfered to Employer 4 PF/ac
    3) Employer 3 : Aug 2011 – Apr2012 – PF Still not withdrawn/transfered
    4) Employer 4: Dec2012 – May – 2015 – PF Still not withdrawn/transfered
    5) Employer 5: May2015 – Till date

    Can I withdraw my PF from Employer 3 and Employer 4?
    Which forms I should fill in?

    Regards,
    Mayur

  • Hi Sir,

    I asked u yesterday, I have no aadhar card till now. I apply for PF from the behalf of my last company/employer. I am not directly applying to epfo. So is Aadhaar card is required in this case. I submitted the below documents to my last employer for pf withdrawal

    1. UAN number.
    2. PAN card.
    3. Blank cancelled cheque containing my name with my saving account no.
    4. Filled new EPFO application form with signature and mobile no etc.

    Note:- Please also mention the approx time that when my money will be credited to my account after the submitting these document by my employer.