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.)
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.
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;
- All you need to know about EPFO’s Universal Account Number (UAN)
- How to transfer your EPF funds online through OTCP & UAN Member Portal?
- How is interest calculated on EPF Account – Components & Illustration?
- How to track in-operative EPF account through EPFO’s online Helpdesk?
- EPFO SMS Service – Get your EPF A/c Balance as SMS
- Download new Form 15G & Form 15H
- How to fill Form 15G / Form 15H?
- How to check online if my Company is depositing my EPF amount on a monthly basis?
My PF claim was rejected online. Reason not mentioned clearly for PF amount but when I visited https://passbook.epfindia.gov.in/MemClaimStatusUAN/ for pension amount it was mentioned as “has been rejected due to :- F/13 TO TRANSFER FOR SUBSEQUENT SERVICE OF…” and no mention of reason for PF amount.
My current company has created a new uan and PF number and asking not to transfer service and only to withdraw claim amount from previous company. But it was rejected when I raised online.
Will it be due to the fact that I’m still working? Or I doubt may be only mistake is my second name in bank account is missing when compared to aadhar.
Dear Gowtham,
Is your previous UAN linked to your Aadhaar?
I recently withdrew my PF Advance for illness in company where my total service was more than 5 years. The total amount claim was about 50,000 on EPFO site but only 40,000 got credited. Can you please help on why amount deducted when service was more than 5 yrs.
Dear Sanket,
Service period is not an eligibility criteria for Partial claim towards medical treatment.
“For the purpose of ‘medical treatment’, the least of 6 months basic wages (or) employee share with interest is allowed as partial withdrawal.””
yes i know sir … but why i didn’t get total amount of claim ? 🙁
Hi…. Shreekanth
I am working in contract based company…. I have 3 year bond with company…. So 5 years service is not possible…. Does TDS system apply on me too…. Even though I don’t have any options?
Dear Mahesh ..Yes, same rules are applicable on your EPF withdrawal..
Hi Sreekanth,
For online withdrawal, where should I submit the form 15g as there is no option to do it online. Should I submit by visiting the nearest pf office.? Please clarify. Thanks.
Dear Shiva,
As soon as you submit online Claim request, immediately (next day) you can visit EPFO office and submit Filled Form 15G, PAN card copy, Aadhaar card copy & Claim acknowledgement copy to them. Kindly quote your UAN & Claim Id ref no.
Thanks Sreekanth. Appreciate your quick response.
Hi Srikanth, My name is vipin and I have just resigned from a company after working 18 months and liable for tds. I have also made a Pf transfer request from previous company to my new company from where I have resigned as i had merged the uan of previous co to resigned (latest) company. As there were 2 Pf account were showing under 1 uan and I came to know(not sure) that for withdrawal pf amount I also have to merge Pf ac.
Now I want to withdraw all my Pf amount after merger of Pf ac and just want to know whether amount transferred from previous company where I worked 7 years and amount is around 4 lakhs is liable for tds as it will be merged to my latest Co where I worked only 18 months.
My simple query is if someone transfer his Pf amt from his last company where he worked more than 5 years to new company and worked there for less than 5 years and liable for tds on all amount or get exemption on transferred amount. Please guide.
Thanks.
Dear Vipin,
Once the transfer is done, your cumulative service period is more than 5 years, so EPF claim amount is a tax-free income. Ideally, the EPFO should not deduct TDS.
Related article :
Tax Implications of EPF, PPF & NPS Withdrawals (Full / Partial) & Maturity proceeds
Hi Sreekanth, My Name is Kishore. Please let me know if I can withdraw my PF amount without any tax for continued service of five years.(Example:- X Company worked for three years and transferred the PF amount to current Y company + Y Company PF amount worked for two years).
Dear Kumar,
If your EPF has been successfully transferred from EPF -1 A/c to EPF 2 A/c (latest one), considering your total service period which is 5 years, such PF withdrawal amount is tax-exempt.
Related articles :
* EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
* Tax Implications of EPF, PPF & NPS Withdrawals (Full / Partial) & Maturity proceeds
Namaste Sir.. My name Prakash – working as a HR Executive Royal Orchid Central Kireeti Hospet – Karanataka..
My doubt is there any rules submitting only Online or they are not accepting Paper submission.
Regards
Prakash B
Dear Prakash,
Advisable to submit online claim.
But, it is not mandatory to submit online claim only.
You can also submit CCF-Aadhaar form to the EPFO directly.
Kindly read : New EPF Composite Claim Form | Single Page Form for different types of PF Withdrawals (Full / Partial)
Hai Sreekanth,
My name is kalyan. I have submitted claim for Onememeber one EPF account and got attested by the present employer. The claim was settled on 11-12-2018 as per the claim status in the EPFO website. But till today the transfer of pf amount of the previous account was not done to the present account.
Shall i lodge grievence??
Dear Raj,
Did you check your PF passbook for the Transfer-in?
Yes, you may kindly submit your grievance to the EPFO online via this link..
Related article : What happens to EPS on Transfer of EPF account (or) when you switch Jobs?
Yes both passbooks are there.. in the old passbook previous pf amount was still present and it was not transferred to present account
Dear Raj,
Is your previous EPF account maintained by your ex-employer’s Pvt Trust?
If not, suggest you to kindly submit your grievance to the EPFO.
Hi Sreekanth,
Good Article. Have a doubt on partial withdrawal. Have two doubts.
1. Wish to buy a plot, but when trying to withdraw online, getting an option of purchasing a house only. Is it valid for bing plot as well?
2. What are the proofs that we need to submit while withdrawing? How do we submit them, if any? If not, How do they know whether we have utilized the amount for the said purpose?
Thanks,
Sreedivya
Dear Sreedivya,
1 – The primary purpose should be to buy a plot for the construction of house.
2 – No need to submit any documentary evidence.
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,
Has your PAN been seeded and verified in your UAN account?
yes Srikanth it is seeded and verified
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.
Dear Vidhya,
Yes, it is a taxable income. But, TDS may not be deducted.
Kindly read : EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
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?
Dear Mohit,
Kindly note that TDS is not applicable for partial PF withdrawals.
If you have not consolidated your EPF accounts, you can get your previous EPF ac funds to latest one and your cumulative service period would be considered as 3+4 = 7 years.
Kindly read : EPF Partial Withdrawals / Advances : Details, Rules & Guidelines
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
Dear Karthik,
How can one submit Form 15G to the EPFO from a bank website? Is this possible?
Related article : When to submit Form 15G / Form 15H? | Details & Clarifications
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 Abhijit,
You can submit offline withdrawal claim through your ex-employer.
Kindly contact them.
If you have PAN card, kindly submit a copy of it to avoid TDS.
Related articles :
* New EPF Composite Claim Form | Single Page Form for different types of PF Withdrawals (Full / Partial)
* EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
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.
Dear Anusha,
If your Aadhaar/PAN has not been seeded and verified in your UAN interface.
You may submit claim forms through your ex-employer(s) to the EPFO. Kindly contact them.
Related article:
New EPF Composite Claim Form | Single Page Form for different types of PF Withdrawals (Full / Partial)
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 Anusha,
If you are making partial withdrawal then you need to mention the purpose/reason, else can make full PF withdrawals from respective employers.
If you consolidate all three accounts and if your cumulative service period is more than 5 years then such withdrawals are tax-exempt.
Else, TDS can be levied and can be a taxable income.
Related article :
EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
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???
Dear Pavan,
June 2018?
You may submit grievance to the EPFO..click here..
sorry its june 2018
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.
Dear Anand,
If you have successfully transferred your previous PF funds then your service period gets carried forward to your new EPF ac. You may check your service history details in your UAN account online.
EPF withdrawals after 5 years is tax exempt.
Kindly read :
* EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
* What happens to EPS on Transfer of EPF account (or) when you switch Jobs?
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 Anuj,
Probably, they are considering non-contributory period.
Kindly note that income tax is applicable during non-contributory period (though it is not in your case).
Kindly read : EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
Suggest you to get the funds transferred from your previous EPF a/c to current one. If there is no break in your service or contributions to EPF scheme, you can claim this TDS while filing your ITR.
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 Balu,
Kindly go through this article @ What happens to EPS on Transfer of EPF account (or) when you switch Jobs?
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 SUMANTH ..You may wait for few more days as online claims are generally settled within 10 to 15 business 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.
Thank you sreekanth
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
Dear Saurabh,
In case, your service period is less than 5 years, EPF withdrawals is a taxable income (whether TDS has been deducted or not).
Kindly read :
EPF Withdrawals : New Provisions & Rules related to TDS
EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
Dear Sreekanth,
Thank you for reply. I have another query. I had applied for EPS(10C) form. The EPS amount was around 31000 but I got the settlement of 7600 apprx only. Could you please advise what could be the reason.
Thanks
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 Nikhil,
Are you currently employed and contributing to EPF scheme?
May I know the reason/purpose that you have mentioned for partial withdrawal??
Read : EPF partial withdrawal rules & options..
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.
Dear Pavan ..I believe that TDS is not applicable on partial withdrawals.
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
Dear pria,
Ideally, in this case EPFO should not levy TDS as EPF amount is less than Rs 50k.
But, I have observed that EPFO has been leving TDS irrespective of service period and quantum of amount if PAN has not been linked and verified.
Even if TDS is not deducted, kindly note that such EPF withdrawals are taxable income and should be disclosed in Income Tax Return.
Kindly read :
TDS & Misconceptions.
EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
hi Pria,
do you have any update on this. I’m on same situation as you. But I have completed 5 Yrs of Service. Did they cut TDS to you or not?
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
Dear Amit,
An employee can have only one UAN.
One UAN can not be linked one more UAN.
Its member-IDs (ie EPF accounts) that are linked to an UAN.
Did you transfer funds from old EPF ac to current EPF ac?
Kindly read :
Allotted two UANs?
Partial EPF withdrawal options & rules..
Thanks to reply shreekanth Jee…….Yes my old epf account money already transferred to my current epf account except pension part, but now problem is that if am checking for partial withdrawal for house construction then current PF account is showing as below 60 month account, while my old pf money already showing in new UAN passbook and old pf acoount 7.5 years should be accumulate with new UAN
Dear Amit ..Suggest you to kindly contact EPFO..click here..
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,
Dear Vicky ..Kindly read : EPF partial withdrawal options & guidelines.
Kindly note that partial withdrawals are not taxable.
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.
Dear Amol ..If you are contributing to EPF scheme in your new Organization then you have to transfer old EPF a/c monies to new EPF a/c.
Read : EPF partial withdrawal rules & options.
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?
Dear Venkatesh,
No, it is not allowed.
Kindly read : EPF partial withdrawal options & rules.
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
Dear Rajesh,
No, TDS is not applicable.
Kindly read :
EPF partial withdrawal options & rules.
How to withdraw EPF through online mode?
So can I withdrawn my PF. am I eligible?
Yes, you can withdraw dear 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
Dear Sravan ..The online withdrawal link has not yet been enabled in UAN interface..However, EPFO has announced the launch of online EPF withdrawal facility and related guidelines.
Read : How to withdraw EPF online?
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.
Dear Sathya,
Yes, you can withdrawal and you will get full PF amount (subject to taxes).
Yes, you may mention that reason.
I have noticed that EPFO is rejecting withdrawal forms if Form 15G is not attached, though NRIs are not eligible to submit it.
Kindly read:
New Composite EPF claim form.
Online EPF withdrawal facility
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
Dear sudharsan,
You have to give your current UAN to Company C and transfer old EPF account monies to new EPF account which is opened at C.
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 Ananth Ji..Yes, you can withdraw PF balance.
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 Krishnan,
For FY 2017-18, AY is 2018-19, and you are correct.
Last AY is 2017-18, for FY 2016-17.
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.
Dear Vinod,
If the total contibution years is more than 5 years, the withdrawal amount is tax-free.
Kindly read:
How to check Residential Status? (with calculator)
How to fill Form 15G?
Thanks for the reply. I calculated using the Residential Status Calculator and it comes as NRI.
With NRI status mentioned in form 15G, is PF withdrawal still be tax free?
Thanks.
Dear Vinod,
Kindly note that NRIs cannot submit Form 15G or Form 15H.
If the total contribution years is more than 5 years, the withdrawal amount is tax-free for Resident or NRIs.
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
Dear Shijin,
Its better you submit all forms again along with Form 15G..You may mention the Claim ID on top of the Withdrawal form.
Read: How to fill Form 15g?
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
Dear Raghuram ..Kindly read: How to fill Form 15G?
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
Dear Sameer,
Your new employer will create a new EPF account and the same can be linked to your old UAN number.
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 Mukta,
I believe that joint account should be acceptable.
Kindly submit your grievance to EPFO , at this link..
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
Dear Yasir,
Yes, if you make a withdrawal.
Kindly read : New EPF withdrawal forms..
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
Dear DEEPAK,
It is taxable as the contribution period is less than 5 years.
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.
Dear Anurag ..Yes, balance tax liability has to be paid.
Read: TDS & misconceptions.
Hi Sreekanth,
i am working for a private organization from 4.10 years. can I withdraw my total PF amount after completing 5 years ?
Dear Harish..While being employed and contributing to EPF, you can not withdraw full PF balance.
Read: EPF Partial withdrawal options.
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 ??
Dear S S P,
As you are going to contribute to EPF scheme again (new epf a/c), you can transfer only but can’t withdraw.
Read: EPF partial withdrawal rules.
Hi Sreekanth,
how about the time period, do i need to wait until 60 Months new epf accounts ?? to withdraw after transfer
Dear SSP..If you are employed and contributing to EPF then you cant withdraw full balance.
Hi,
I want to withdraw PF amount.
Is PF online withdraw facility available now? Please provide link for that.
Thanks.
Dear Ganesh ..Online withdrawal facility has not yet been launched.
Thank you Sreekanth.
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?
Dear Sandeep ..If your contribution period is more than 5 years then TDS is not applicable.
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.
Dear Vinod,
The old one has to be de-activated. Kindly read my latest article on this – Have you been allotted two UANs? How to get one UAN deactivated?
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.
Dear Sakthi,
1 – Track your claim status here, visit this link..
Thank you so much for your help. Yes i got it now. Thanks.
why do u have to submit 15g/h if you worked more than 5 years.
Dear Tenz..Surprisingly, EPFO/employers are asking for Form-15G from all the applicants.
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.
Dear JYOTIRAJ ..Not applicable, but I could notice that EPFO / employers are collecting from all the applicants.
Sir,
Can they have the right to REJECT the form due to that reason i.e pancard zerox & 15G not attached??? And is there is any problem for applying directly to EPFO office for withdrawal of PF???
Dear JYOTIRAJ ..I believe that enclosing PAN card copy is mandatory. Yes, you can contact EPFO directly.
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
Dear Shravan ..Read: New UAN based EPF withdrawal forms.
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.
Dear Venkat ..You may check your EPF balance (inclusive of interest) by just sending an SMS..
Hi srikanth,
Thanks for your prompt reply.
I am unable to know the balance as I’ve received an sms as ” the account is pertain to exempted establishment.PF Balance service is not available for trust”.
Please suggest me is it possible to know in any other ways?
Thank you.
Dear Venkat..In such a case you may directly check with your employer.
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
Dear Mahima ..You may mention both the EPF accounts and explain your issue in detail.
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.
Dear Pavan ..Are you employed and contributing EPF scheme again ?
Read:
Inoperative EPF a/c and withdrawal process..
No at present am not working , and i activated my UAN number recently and it is generated, and may i know the process for that.
Dear Pavan ..Your account would have become in-operative. Kindly visit the suggested link.
If you can get in touch with your ex-employer then can submit the withdrawal forms through them.
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
Dear joe,
You may submit your grievance to EPFO, click here..
Hello Sreekanth,
I had applied for my PF withdrawal a month ago and got credited today but according to my PF balance from my epf account, I got nearly 20k less what I m supposed to get..
Could you know, what would be the reason?
Thanks
Dear Antony ..You will get two credits in your bank account , one is for EPF amount and another one for EPS (pension) amount. So, kindly wait for couple of days to get the second credit.
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
Dear Ajit ..New rules have been cancelled. If you are unemployed and not contributing to EPF scheme, you can withdraw full PF balance.
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 ?
Dear Sharath,
If the PF contribution period is less than 5 years, your withdrawal amount is taxable, even if TDS is not deducted (if you submit PAN & Form 15G).
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?
Dear Gautam,
No, in your case if you withdraw EPF still it would be a taxable income to you.
Suggest you to withdraw it at the earliest.
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
Dear Sudhir.. you can get the entire PF balance.
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
Dear Sudhir ..Yes, one can withdraw full PF balance for the said three reasons.
Taxability depends on the service period.
Hi Sudhir,
I am working in my current organization, but still want to withdraw the PF amount as this amount will save me from my loan commitments…could you please suggest, is there a way to withdraw the amount.
Regards,
Sudhir
Dear Sudhir..Kindly read: EPF partial withdrawal rules & options.
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?
Dear Hemant ..Employers, most of them wanted to play safe and collect the Form 15Gs even if it is not required.
I have also observed this being done..
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 Asmita,
3 – You can submit Form 11 on the last day. But Form 11 is to be submitted when you join a new company, am I right?
All the best!
So you are sure that means I don’t need form 11&15¿
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 Sutha,
All the three accounts would have become inoperative, suggest you to withdraw from all the accounts individually.
Kindly read:
INOPERATIVE EPF a/c online help-desk & portal.
How to consolidate multiple EPF ac/s?
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 ®ards
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 ashish,
EPF amount if withdrawn before 5 years, is taxable.
You have to pay taxes as per your income tax slab rate applicable for FY 2015-16.
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
Dear cind,
Form 16 is not mandatory.If you submit Form 15G, TDS won’t be deducted. But kindly note that though TDS is not deducted, PF withdrawal amount is subject to tax if withdrawn before 5 years of service.
Kindly read: TDS & Misconceptions.
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.
Dear Swati,
The proposed new withdrawal rules have been cancelled.
You can withdrawal full PF balance.
You may withdraw it and invest as per your requirements in other investment alternatives. Kindly note that your EPF withdrawal will be subject to taxes.
Read:
Latest EPF withdrawal rules cancelled.
List of Best investment options.
New EPF withdrawal forms.
EPF withdrawal & new TDS rules.
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 kamal ..Kindly go through above article. EPF withdrawals before 5 years (contribution years) are taxable.
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
Dear Uday..It is very easy and simple process. Read: new EPF withdrawal forms..
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 Yash,
You can file ITR and pay the remaining tax liability as per your tax slab rate.
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
Dear Paul ..It would be as per the current income tax slab rate (applicable Fin year in which withdrawal happened).
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 Pratyush..Kindly note that Aadhar card is mandatory to withdraw EPF directly without taking your Employer’s help.
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 Vijay..No.
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 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.
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?
Dear Casey..If all the required documents are in place, you should be receiving your EPF amount within 30 days. (assuming you are not contributing to EPF scheme now).
Thank you, i have changed my company and i discontinued by EPF.
I left my previous company on 15th April 2016 and joined a new company in May 9, 2016. Here (in my new company) i am starting fresh EPF.
the above discontinued by EPF = discontinued my EPF
Dear Casey..Then in such case, you SHOULD transfer your old EPF a/c money to the new one.
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.
Dear Praveer..Kindly read: EPF partial withdrawals (Advances) rules..
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?
Dear Amit..After 5 years of contribution, no TDS/taxes applicable. If your new employer is offering EPF, you may transfer old PF a/c money to new account.
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.
Dear Vikas..Yes you can get it back (but depends on your total income for the given FY).
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 ?
Dear Harish,
The total no of contribution years were less than 5 years and hence the TDS may be levied.
No I made sure that the PF account is 5 years old and then only withdrew the money. To be sure the account was opened Sept 2010 and I withdrew money in Feb 2016
Dear Harish..Kindly note that it is the num of contributions years which is counted and not the age of PF account.
Ok Sir,
Clear now. Thanks a lot for reply 🙂
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 INDRANATH..I believe its >10% of total PF amount.
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 Divya,
Kindly read this articles :
How to consolidate old EPF accounts?
Inoperative EPF account helpdesk.
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
Dear Satyendra..I completely agree with you and you may inform the same to EPFO & to your employer.
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
Dear Jithesh,
Quoting UAN number on withdrawal forms is mandatory? Did your employer generate UAN? Kindly check with them.
Read:
How to generate UAN online by yourself?
How to fill Form 15G?
You may also have to enclose a cancelled cheque & PAN card copy along with the Withdrawal forms.
Hi Sreekanth,
I have resigned from co. after completing 1 yr.Can I withdraw full pf amount.? What the process?
Dear Arvind,
If you are not employed now, you can get full PF balance.
Read: New EPF withdrawal forms.
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 Thomas..No (your withdrawals would be tax-exempt).
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 !
Dear Ankit..YEs EPS amount will be paid separately, you may kindly wait for some more days for the credit to happen.
Click here to submit your grievance..
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
Dear Sunil ..If you are currently employed and contributing to EPF scheme, you can not withdraw full balance.
Kindly read: EPF partial withdrawal rules.
yes, but partial withdrawal is permitted under some conditions like housing loan, marriage etc. Can I not avail these options?
Dear Sunil..Yes you can avail if the mentioned criteria is met.
Hi Sreekanth,
Please let me know the process and proofs required for withdrawing the PF money in case i am eligible.
Thanks
Dear Satya,
Your EPF account would have become an ‘inoperative a/c’ by now.
You can place a request for withdrawal through inoperative helpdesk.
Read:
EPF in-operative a/c helpdesk.
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
Dear Tapaswini..Kindly read: EPF Partial Withdrawal rules & guidelines.
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 ???
Dear Akshit,
You yourself can fill it, sign it and submit.
Read: How to fill Form 15G?
My PF amount is around 40,000. Do i need to submit form 15G
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?
Dear Leena..You may enclose Form 15G/H (if applicable).
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
Dear Indu,
Did you transfer the PF a/c monies to one a/c? Or are all unclaimed in three different accounts?
Are your Pf a/cs linked to UAN and details like Aadhar,PAN & bank info seeded and KYC approved by your ex-employers?
Kindly read:
Latest EPF withdrawal rules 2016.
In-operative EPF a/c.
New UAN based EPF withdrawal forms.
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
Dear Gaurav..The latest news is the date is postponed to 1st August 2016. Also some modifications to the new rules;
Kindly read at : Latest PF balance withdrawal rules 2016.
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.
Dear suhail ..No.
Kindly read: Latest EPF withdrawal rules w.e.f 1st August 2016.
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 Snigdha ..Yes you can get tax refund (if any). The new rules have been cancelled.
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.
Dear yogesh..If you are contributing to EPF scheme then you can not make full balance withdrawal.
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
Dear Uday..Ideally it should be counted as >5 years only. If your expected income (from sources in India) is below exemption limit you can enclose Form 15G.
Rad: How to fill Form 15G?
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
Dear Sai,
Kindly go through my article, can be useful : How to fill Form 15G?
MFs – Not required.
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.
Dear BAHADUR,
You can withdrawal full PF balance. Read: Latest EPF withdrawal rules.
You can withdraw your PF and can also join another company, it’s not an issue.But you can’t withdraw if you are currently employed.
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 Suresh,
If you have activated UAN and linked bank/pan/aadhar details and got them KYC verified by your employer, then I believe that you can make a full balance withdrawal.
You have to submit the withdrawal request before 1st May 2016.
Kindly read:
Latest EPF withdrawal rules 2016.
New EPF withdrawal forms..
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.
Dear Manisha..Tricky question. Suggest you to kindly contact the EPFO regarding this case.
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?
Dear Biman,
1 – No.
1b – As per the latest notification, the EPFO will continue to pay interest on EPF a/cs even if there are no contributions. So, I believe that EPF a/c can be continued till the retirement age.
2 – Yes. But can be subject to taxes.
3 – No. (Read: EPF transfer claim procedure)
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
Dear Jagriti..As you are employed now, you can not withdraw full PF balance.
Read: EPF partial withdrawal rules..
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
Dear Ankit..They may mostly reject your application and ask for PAN copy. (or) They may process it by deducting applicable TDS.
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.
Dear Puneet..As you are currently employed, you can’t make full balance withdrawal claim.
Can we withdraw employee’ contribution if already employed ?
Dear Sathish..No.
Read: EPF partial withdrawal rules.
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
Dear Ramya..As per the notification, Aadhar seeding is also required.
Read: New EPF withdrawal forms..
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.
Dear Harish,
If you are currently employed, you can’t submit a full balance withdrawal claim.
You can make partial withdrawal claim, read : EPF partial withdrawal rules ..
Hi sir i forgot my uan number how i get my uan number?
Dear Akash..Read: UAN helpdesk – Complaints & Solutions.
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
Dear NITIN,
I believe that you can submit a partial withdrawal. Kindly read: EPF partial withdrawal rules & guidelines.
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.
Dear Deepak,
When did you apply for withdrawal?
Read: Latest EPF withdrawal rules 2016.
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
Dear Hanumantha,
Kindly read below articles:
Latest EPF withdrawal rules 2016.
New EPF withdrawal forms.
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.
Thanks a lot Sreekant……!!!
Hi
If a person has moved abroad can he withdraw full epf amount? How to withdraw the amount from abroad ?
Dear Mr Sharma..Kindly note that there is no clarity on this aspect..but looks like the EPFO is not accepting the full PF balance withdrawal in such cases too..
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) ?
Dear Gopinath..You have to transfer your old Pf monies to your a/c.
Old rules of p.f. withdrawal are better
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.
Dear Santhosh..Yes you can withdraw only your contributions + interest on them. I believe that interest is paid on the remaining portion of the balance.
Read : All about latest PF withdrawal rules..
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
Dear BASAB ..Read this article : Latest EPF withdrawal rules..
want to generate new uan number to the employee who had left company in 2000. Pl suggest
Dear sunita.. Read : How to generate UAN number online?
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 Sreekanth
I did share the link with you. Not sure why it is not appearing
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!
Dear Pardeep..These new rules are already in-force. Kindly read : New EPF rules 2016..
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
Dear Sabyasachi..As of now, no specific forms have been made available.
Read : EPF UAN based withdrawal forms..
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
Dear Denish..What is your query??
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.
Dear Kunal,
Kindly go through below articles;
New EPF withdrawal forms.
Latest PF withdrawal rules.
I WANT TO DO CASE AGENTS THE NEW RULES ON WITHDRAWAL MY EPF MONEY, THIS MY MONEY NOT OF GOVERNMENT. PLEASE ADVISED THE PROCEEDER.
What is “inoperative EPF accout”.
Dear Sudha..Kindly read: EPF inoperative account..
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
Dear Rupesh,
Suggest you to contact the EPFO immediately.
Kindly visit this link…
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 Arun..Kindly read this article : EPF partial withdrawal rules.
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
Dear Ankit,
1/2/3 – Kindly read: EPF partial withdrawal rules & guidelines.
4 – You can get the amount within 30 days.
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 Mac,
Are you currently employed and still contributing to EPF scheme?
Suggest you to kindly raise service requests using ‘inoperative helpdesk‘.
Kindly go through this article – How to fill New Form 15g?
Appreciate the quick response Sreekanth. I am no longer employed and have not contributed to EPF scheme for the last 5 years….so the transfer to an active account isn’t really an option. Is withdrawal the only option?
Dear Mac,
It is better you withdraw the funds and re-invest them as per your financial goal(s)/objectives.
As of now, no clarity on whether the new EPF withdrawal rules are applicable for old & in-operative accounts.
Read: Latest EPF rules 2016.
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 Harish,
It depends on where you would like to invest, expected rate of return, how long would you like to receive this Rs 25k etc.,
Kindly read : Retirement planning made easy..
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.
Dear Asif,
Suggest you to go through below two articles:
1 – Latest EPF rules 2016.
2 – Inoperative EPF a/c details..
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
Dear Shobhit..Kindly read : Latest EPF withdrawal rules 2016.
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.
The EPF Tax proposal has been withdrawn by FM today ( March 8)
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
Dear Parag..Your employer is right.
Read : EPF partial withdrawal rules & guidelines
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
Dear Ankit..Yes, as you are employed now, you can transfer the EPF a/c monies to your existing one.
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.
Dear Varma..EPFO is yet to launch an online withdrawal facility. We can expect this happening in next Financial year.
After 12 years of service, i Quit a company and started business since Sept 2015. Can I withdraw full amount now? or any changes?
Dear Selvakumar ..Read: Latest EPF 2016 rules.
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
Dear zaki..Kindly read : Latest epf withdrawal rules.
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.
Dear Amit,
As per the new withdrawal rules, you can withdraw only your share + interest (assuming your age is below 58 years). TDS wont be applicable in your case.
Read: Latest EPF withdrawal rules 2016.
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.
Dear Raj..Based on the live examples, even if somone has quit in say Jan 2016 but applies for withdrawal now, EPFO is rejecting the full withdrawal requests.
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 Bhardwaj ji,
Did you contribute to EPF scheme before joining your last company?
Also note that the new TDS threshold limit is Rs50,000 and not Rs30,000.
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).
Dear Deep Chand,
Very tricky question.
I believe that EPFO may deduct TDS in this scenario. Suggest you to check with EPFO too and update the status here.Thank you!
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
Dear Bhardwaj..Unable to understand your query clearly.
Suggest you to go through this article : Misconceptions on TDS.
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
Dear joseph..Are you currently employed?
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?
Dear Sunil,
Keeping in view of the recent amendments, you can withdraw your share + interest now. Do note that the notification is silent on this point (EPF member leaving abroad for employment).
Read: Latest EPF amendments 2016.
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…….
Dear Ravi..Kindly go through this article..EPF in-operative account…
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.
Dear Kamala,
You have the option to make partial withdrawal for the purpose of Daughter’s marriage.
Read : EPF partial withdrawal rules.
Also read: Latest epf rules..
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
Dear AZHAR..As per the new rules, you can withdraw only your share. Read: Latest EPF rules 2016.
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
Dear Harish,
You may request your ex-employer to approve, else you may upload documents again and request your current employer to verify and approve them.
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
Dear bharti,
You may withdraw your share + interest only.
Read: Latest EPF withdrawal 2016 rules
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?
Dear Tapaswini,
Kindly read: EPF partial withdrawal rules & guidelines.
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.
Dear Aaron..You can transfer the balance to your new EPF a/c, it gets carried forward.
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.
Dear sharad,
Let’s wait for some more days to get more clarity on whether the taxes are levied on interest portion or 60% of entire balance.
Dear sharad..just replied to you to the best of my knowledge 🙂
What’s ‘personal’ here??
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?
Dear sathya..As of now I do not have th circular, but you can find the Govt notification as provided in the above article.
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
Dear Naveen,
If your age is below 58 years, you can withdraw your share + interest now. This will not be subject to taxes if your contributions were for more than 5 years.
What happens if service is less than 5 years , please clarify me
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.
Dear Shri,
Thank you so much for the update. Happy to have blog readers like you.
Do keep us informed about the status. Cheers 🙂
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?
Dear Shri..Though the notification is silent on this, I believe that EPFO may pay interest on these accounts too.
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 ?
Dear Prajwal..If you are currently employed, your withdrawal request might not approved. Suggest you to get the old PF a/c monies transferred to your new a/c.
I think he can withdraw his PF money from previous company. whereas he can say that he unemployed right now
Thank you for the prompt response
Hi shrikant, I have resigned on 30th of Jan 2016 and I want to withdraw my PF will I get completely or partly
Dear Lakshmikant..New rules are already in force from 10th feb 2016.
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
Dear Nilesh,
As of now, no clarity on scenarios like this. Let’s wait for some more time to get more info.
Yes, interest will be given on employer share.
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
Dear karthi..If your withdrawal application is not yet approved/processed, I believe that new rules can be applicable to your case too.
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)
Dear Abhay..No. Kindly go through the points given in the article.
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. 🙁
And the worst part to it my would be husband does not want me to work after marriage
Dear Flavy,
I believe that you can make partial withdrawals to meet your marriage expenses. Read : EPF partial withdrawal rules & guidelines.
However, we need clarity if the existing partial withdrawal rules for specific purposes like home purchase, medical treatment etc are still the same or not.
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 ) ?
Dear Rahul,
Let me know your age.
1 – Read : Latest EPF withdrawal rules 2016.
32 years
Dear Rahul..You can get your share + interest there on only. Generally EPFO processes the application within 30 days or so.
sir last question..
what about employer + pension share ?
thank you very much in advance..
Dear Rahul..You can get that portion after attaining the retirement age.
Read : Latest EPF withdrawal rules 2016.
Sir, How can govt impose such a hard rule..how are they sure that all can work till 58yrs..what is the guarantee by govt if one looses job.with out addressing these issues govt can not proceed in freezing PF..the employers share of EPF is also belongs to Employees ..it is the money earned by employee.Middle class is suffering a lot ..targeted by this govt..all IT Employees should fight back on this issue and get the money from Govt…i am initiating a protest please reply to [email protected],com if you want to join hands in fighting with Govt looting employees money.i have dues of around 30 lakhs to be received from as PF
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.
Dear Rajesh..Are you going to join new company?
Read : Latest EPF withdrawal Rules 2016.
link given at “New EPF Withdrawal Rules w.e.f 10-Feb-2016” is not working.
Dear Prem..Thank you for bring this to our notice. Rectified. You may now access the link.
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
Dear Ayesha..If the application is under process, the new provisions may not be applicable.
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
Dear Manju,
1 – EPF is calculated on Avg monthly balance. You will get interest till the month in which withdrawal is made.
2 – If you are currently employed, suggest you to transfer your old EPf a/c monies. Are you planning to join new company?
3 – Submit your grievance to EPFO.
4 – If your UAN is kyc verified, you can submit new EPF withdrawal forms without your employer’s signature.
5 – PAN & cancelled cheque leaf.
6 – No. Quoting UAN is mandatory now for EPF withdrawal. Read : How to generate UAN by yourself?
7 – Ideally within 30 to 45 days.
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.
Dear Johny,
1 – You can submit Form 15G to avoid TDS, but kindly note that EPF withdrawal before 5 years is taxable, which needs to be included in your ITR.
Read:
TDS & Misconceptions.
How to fill New Form 15g?
2 – You may check your EPF balance on mobile.
Your account would have become in-operative..Read : EPF a/c inoperative account , submit request to EPFO.
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
Dear Utkarsh,
Kindly read : EPF Partial withdrawal – rules & guidelines.
If you wait for one more year without contributing to your EPF a/c, your ac will be converted as IN-OPERATIVE one.
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.
Dear Maulik..Even I noticed that EPFO is asking for Form 15G from all the applicants, which I believe should be made optional.
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.
Dear Deepak,
Its 5 years of service.
Kindly read : EPF partial withdrawals – rules & guidelines.
Sreekanth -Thank you very much for your quick response.
One last query, instead of taking advance PF loan in current company if I am transferring this PF account to new company, then would I eligible to take PF loan from there without waiting another 5 years long period ?
I think the previous company tenure will count to new company if we are transferring the account, but I am not sure.
Thanks you again.
Deepak
Dear Deepak,
Yes, you can transfer your EPF a/c and make partial withdrawal immediately.
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
Dear sudhakara..Yes, you can claim the TDS as refund while filing your ITR (subject to your income tax slabs).
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
Dear Rahul ..Kindly read : EPF partial withdrawals – Guidelines.
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
Dear abhiryan..I believe that TDS is applicable in your case.
so is it better to get the PF account transfered to new company?
Dear abhiryan..if your are going to join a new company soon, suggest you to transfer the funds to new EPF ac.
Read: EPF A/c online transfer procedure.
Thanks Sreekanth, one more question…
So for PF withdrawal and TDS eligiblity,
Total service in each/any company is considered OR
total PF account holding period (more than 5 years) is considered ?
Dear abhiryan ..Its the total PF a/c holding period which is considered.
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.
Dear rekhasankar,
You can submit Form 15G along with the EPF withdrawal form. But do note that the withdrawn amount is taxable if your contributions are for less than 5 years.
Kindly read:
TDS & misconceptions.
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 Naveen..As you are employed now, you are supposed to transfer your old EPF a/c funds to the new one.
Read : EPF a/c online transfer process..
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….
Dear Naveen..No you can’t do so. In case if you are unemployed and your expected income is below basic exemption limit, you can file ITR and get this TDS as refund.
REad : TDS & misconceptions.
Thanks Sreekanth for your response.. I am not unemployed and neither my icnome is below basic exemption limit.. I have moved out of India and hence the question
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.
Dear Pradeep..Suggest you read this article and get your EPF No ‘Trace & find your PF no : EPF inoperative a/c detailis..‘
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.
Dear Ricky..You may not be able to withdraw complete amount. But partial withdrawals can be made for certain purposes only.
Kindly read : EPF partial withdrawals – rules & guidelines.
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.
Dear Manoj..If you are a member of EPF scheme, your (employee) contributions are deducted from your Salary and interest is paid on employees+employer’s contributions.
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
Dear Harish..Are you currently employed? Do you have active UAN with all kyc details verified?
Read: New EPF withdrawal form, submit forms without your employer’s attestation..
Thanks for the reply Sreekanth.
Yes I’m currently employed.I have active UAN but KYC verification status is pending.
I tired to reach my employer many times to get authorization of the withdrawal forms,but they are not authorizing these forms.
Is there any procedure to withdraw my amount.
Thanks
Harish
Dear Harish..You can transfer your old PF a/c monies to your new EPF a/c.
Read : EPF online transfer procedure.
Dear Sreekanth,
Thanks for the reply.
I want to withdraw that amount,But they are not authorizing the forms.So how can i withdraw it without their co-operation.
Thanks
Harish
Dear Harish..As advised previously, you have to transfer your old PF monies to your new account (as you are currently employed). Kindly raise an ‘online transfer request’ through your UAN login portal. You may also contact EPFO if you would like to submit any grievances.
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.
Dear Purushotham,
You can submit online transfer requests and can ask your present & ex-employer to approve the same.
Read : EPF a/c online transfer procedure.
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
Dear Sunil..It is 3 years, after that the account will be converted as ‘inoperative one’.
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 ???….
Dear Naveen..You can make partial withdrawals…
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.
Dear Raja,
1 – You can contact your ex-employer and get the details.
2 – I did not get your point.
3 – Kindly read : EPF partial withdrawals – rules & guidelines.
4 – Read : New EPF withdrawal forms…
(kindly note that EPFO is yet to launch online withdrawal/partial withdrawal facility, this will be launched soon)
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
Dear amber,
1 – You can apply seperately.
2 – Kindly read : ‘How to fill new Form 15g?’
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
Dear Vijay,
As you are currently employed, you can transfer the 3 & 4 A/cs’ monies to your current EPF a/c
In case if your 3rd account has become inoperative account then you have to raise a request with EPFO.
Read:
Inoperative EPF account..
EPF a/c online transfer process.
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.
Dear Prince..it is not mandatory in this scenario.
Hello Shrikant,
I just completed five years in my current organisation. If I leave this job so can I withdraw all pf fund (including employee contribition, employer contribution, and Pansion). Please suggest me the same.
Thanks,
Prabhakar Babaji Shelke.
Dear Prabhakar..Yes you can provided you are unemployed for 2 months or more.
Sir,
Myself, Raghavendra had been operated epfo account in one company from March 2014 to October 2015.
From November 2015 I have joined in new company so that I want to cancel my previous company PF account and withdraw amount.
My doubt is that can I start new pf account in my new company with new UAN.
Dear raghavendra,
If you have already activated UAN and are employed currently, you have to transfer your old EPF ac funds to the new one.
Read : EPF a/c online transfer procedure.
FOR LEFT EMPLOYEES (BEFORE GENERATING UAN NO.S) THEY LEFT NOW FOR CLAIMING THEIR PF. IN PF OFFICE THEY ARE INSISTING FOR UAN NO. HOW TO GENERATE FOR OLD MEMBERS UAN NO. KYC IS ALREADY UPLOADED.
Dear Sumitra..Kindly read : ‘How to generate UAN online?’
Dear sir
Can i with draw my Provident fund less than 5 years service with out resigning from my job . if possible plz tell procedure.
Dear Sreekath reddy
Could you please clarify my doubt regarding PF, i have UAN NO ,can i clime my PF without company signature ??? please Gide me
Regards
Muniraju Reddy
Dear Muniraju..Kindly read : “EPF New Withdrawal forms..”
Hello Sreekanth,
I am Asit Kumar Seal in Kolkata,WB. I had applied online PF transfer from my previors company (CMS INFO SYSTEM PVT LTD./KDMAL –01/08/2013 to 20/03/2014) to
current company (Accenture Services PVT Ltd.— 24/03/2014), on 02, Feb 2015.
But it got rejected. Also I am not received any rejection letter from PF office till now. Earlier the status was approved by my Present Employer.
Previous PF office : KDMAL
Current PF office : MHBAN
Following are the details for it.
View Status showing in Transfer Claims portal:
02 Feb 2015 Claim Form Submitted .
25 Feb 2015 Claim Form Approved by Present Employer .
Current Status :Claim Form 13 for Transfer to New Account Number: AGAINST Old Member Account has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
Reason of rejection: The reason of rejection is not available in database. You may please contact RO/SRO MALADKANDIVALI for further detail
1.Is it possible to withdrawal the PF amount (previous company-CMS) ? If yes kindly provide the process
2.Have any option for online withdrawal
Please suggest me what can I do for my PF.
Asit Seal/[email protected]
Dear Asit,
1 – If you are currently employed you can not withdraw Pf money. Kindly contact your old EPFO office to know the reason for rejection. May be it can be due to
data mismatch (personal details between old EPF a/c and the new one).
2 – Online withdrawal facility is not yet available.
sreekanth ji i need help i call my hr department for pf withdraw they told me that it will takes 45-60 days is it true if not then what can i do for making it quick i resigned my job at 18 sep 2014 it is completed today more than 4 months so am eligible that i want to know that how can i get exact information about my process i think hr is lying to me that he dispatch the form today. and my UAN number status showing is (request for UAN for this member id is already under process through ECR) please help i need my money ASAP please
Dear Amit,
Is it 2014 or 2015?
You can submit the withdrawal forms along with your PAN & form 15G (if applicable). Check with your employer if your UAN is activated.
Quoting UAN number on withdrawal form is very much essential now.
Read:
All about UAN.
How to fill New Form 15G.
Even though I have more than 15 years experience, TDS was wrongly deducted by EPFO Khandivali Office. TDS deducted is NOT reflecting in my 26AS Statement. PF office is asking me to claim it from IT Dept next yr.
How do i go about claiming the fund which is neither in PF Dept nor with IT Dept ??
PF office says they will not give interest for the TDS amount wrongly deducted – since its already a closed account for them. Will IT Dept give interest for the foregone period ?
Has this problem happened to anyone else before with any of the other EPFO offices ? How did they reverse the amount from EPF office without going through IT Dept ? Viewers please share your experience.
Dear Jerry,
If they have deducted TDS, it should reflect in your Form 26AS.
So, kindly follow it up with them and request them to upload the entries to your Form 26AS based on your PAN (if TDS is to be deducted).
Accordingly you can claim it when filing your ITR.
You may also submit grievance online, click here.
Dear Sir
I am servicing in a steel products co..( Gujarat ) since last 5 years. In past I have also worked in an Automobile co. (u.p) & resigned this organization in Aug.2006. I am also receiving pension through installment from epf office since last 7 years (approx).
Now I want to transfer on line only my pf amount (not pension) from old pf account to new pf account. Pls tell me, Is it possible or not ?
Thanks .
Dear SUBHASH,
If you have not transferred your EPF monies from your old account, it would have become an ‘in-operative account’ by now.
Kindly read:
EPF in-operative account – Submit request.
EPF A/c online transfer procedure.
Dear Sreekanth Reddy Sir,
First of all I have done the EPF in-operative account – Submit request Procedure.
1- The SMS came in my mobile is Dear member, your inoperative helpdesk reference id 15121074156 has been closed with closin g remarks “you may upload your tran sfer claim form 13 either on online tran sfer portal through your current/previous employer or submit your claim form 13 alongwith relevant documen ts to this office manually. So I just want to know that according to ab ove message EPF Inoperative Account Procedure Competed or not?
2- Secondally As I have transferred my PF Amount , Current Employer has approved it and my previous employer has not approved . Is it mandatory to get approved from Previous employer? Or If the current employer approves also will it get transferred. please clear this point .
When I talked to previous employer for rejection he said some my joining date data mistake reason. so I accepted and plan to resubmit the on line EPF Transfer form. previously i have done this procedure on 11 December 2015. today when i again fill and sbmit the same an message appear on top these both PF accounts are already exists and form finally not submitted. So what are procedure for again sending the form I mean whenever i will try this message will come and my online EPF Transfer request will not submit. tell me the way/procedure for submit the same.
3- It is most important point to be clear As i messaged above you but things are still not clear that I am servicing in a steel products co..( Gujarat ) since last 5 years. In past I have also worked in an Automobile co. (u.p) & resigned this organization in Aug.2006. I am also receiving pension through installment from epf office since last 7 years (approx).
Now I want to transfer on line only my pf amount (not pension) from old pf account to new pf account. Pls tell me, Is it possible or not ?
Sir As I asked in second Point if the Online EPF Transfer will successfully possible then only EPF Amount will Merge in Current account and Pension installment will continue as before or any changes in that also.
Thanks for Every Suggestion.
Subhash Srivastava
Dear Kumar,
2 – If you have already submitted transfer request then 1st question is answered by yourself. Yes, it is mandatory for ex-employer too to approve your Transfer request. You may ask your previous employer to reject the previous request and correct the data. Then you may submit fresh one.
Sir,
Please clear this thing also which i mentioned in 3 point.
previously i have done this procedure on 11 December 2015. today when i again fill and sbmit the same an message appear on top these both PF accounts are already exists and form finally not submitted. So what are procedure for again sending the form I mean whenever i will try this message will come and my online EPF Transfer request will not submit. tell me the way/procedure for submit the same.
It is most important point to be clear As i messaged above you but things are still not clear that I am servicing in a steel products co..( Gujarat ) since last 5 years. In past I have also worked in an Automobile co. (u.p) & resigned this organization in Aug.2006. I am also receiving pension through installment from epf office since last 7 years (approx).
Now I want to transfer on line only my pf amount (not pension) from old pf account to new pf account. Pls tell me, Is it possible or not ?
Sir As I asked in second Point if the Online EPF Transfer will successfully possible then only EPF Amount will Merge in Current account and Pension installment will continue as before or any changes in that also.
Thanks
Sr No Member Name Previous Account No. Current Account Status of Claim Employer Printable Form 13
1 SUBHASH KUMAR SRIVASTAVA UPKNP00138330000000186 GJRAJ00425370000000185
17 Jan 2016 Claim Form Submitted .
19 Jan 2016 Claim Form Approved by Previous Employer .
2 SUBHASH KUMAR SRIVASTAVA UPKNP00138330000000186 GJRAJ00425370000000185 07 Dec 2015 Claim Form Submitted .
11 Dec 2015 Claim Form Rejected by Previous Employer .
11 Dec 2015 Claim Form Approved by Present Employer .
As per your guidance i have send the fresh application on 17/01/2016. My previous employer approved but current employer told in his database approval request is not showing while at first application he has done but in case of second application form he is saying like that.
so please tell me the reason and solution also.
Thanks
Dear Subhash..You may kindly contact your employer or EPFO for the reason & solution.
Hi
I was working with a company, and suddenly the company has been winded up by the High Court due to some liquidation case. I have completed service of 4 years & 9 months in the company.
Now I want to withdraw my PF, will it be taxable or not ?
What all supporting documents i have to give along with the PF Form so that TDS is not deducted.
Regards
Dear Ankit,
If contributions are for less than 5 year then TDS is applicable (EPF withdrawal amount will be taxes).
Form 15G, withdrawal form & PAN copy have to be submitted.
Thanks for the Reply.
Doesn’t by case come under the TDS not applicable point –
“On discontinuation of Business by the Employer or any cause beyond the control of EPF Scheme’s member (Employee).”
Pls Suggest…..
Dear Ankit,
Kindly ignore my previous Comment.
Yes, you are right that in this scenario TDS may not be applicable.
Hi,
You have good informative posts – so firstly congratulate you on that.
After reading several of your posts, I got clarity on many items. However, I did not find a very clear answer on what are the tax implications on withdrawal in case of VPF contributions. My precise question – is the interest earned on VPF contributions taxable on withdrawal (either through retirement or during change of job etc)? I have completed ~15 years of service with multiple employers and have done VPF contributions in some periods. Now, on my next job change (or when I retire), if I choose to withdraw my PF, will there be any tax implications? I fall in the 30% tax slab.
I suggest you write a post on VPF rules specifically as there are a lot of contradictory statements one finds on this topic when you google. Also, I read somewhere the new Direct Tax Code has an implication on some PF contributions – however not sure as it was a dated post I read somewhere – would be good if you can throw some light on this as well in one of your posts.
Thanks in advance.
Dear BG,
The contributions to VPF are eligible for tax deductions under section 80c. The interest income on VPF is not taxable unless the interest rate exceeds 9.5%.
Maturity proceeds from EPF/VPF are tax exempted only if the employee has serviced the company for a continuous period of 5+ years. If he/she quits before completing 5 years, then the maturity returns would attract some tax
Hi Sir,
Could you please clarify my doubt regarding PF? I worked for an MNC in Chennai for 4 years (till Sep 2014) and resigned and joined a new company in Oct 2014. I closed the PF in my 1st company and they have returned the request telling I have to submit Form 15G and PAN card copy. I am having a taxable income in my present company. So Do I have to submit both the PAN and Form 15G or just have to submit PAN card? Will there be any problem if I submit 15G?? Awaiting your reply.
Thanks,
Ramya
Dear Ramya,
As you are currently employed, you are not supposed to withdraw your old EPF monies. If you have activated your UAN, EPFO can easily track your employment status and may not accept your withdrawal request (even if you submit all the required docs).
Kindly read : EPF Account online transfer process.
Hello Sir,
I have recently joined a company which doesn’t have the EPF account and it also doesn’t deduct any PF amount from the salary. So, my query is, ” Can I withdraw my PF from my previous company, where I worked for 4 years and 8 months with paying TDS?” I have PAN number, IT returns of last 4 years.
“And will EPFO come to know that I have joined a new company as my current company is not depositing any amount into my PF account”.
Best Regards
WA
Dear SWIJ..How many employees are there in your current company?
Hello Sir,
It is a German firm which started its business here (in India) in 2011. So, workforce is very small (only 6 people) which will increase in coming days. Apart from PF deduction, this company is following all the norms like deducting TDS, issuing Form 16 and etc.
Best Regards
SWIJ
Dear SWIJ..You can withdraw your old EPF ac monies. You can submit withdrawal application to your ex-employer (enclose pan card copy).
Or, if your UAN is activated and kyc details are verified, you can submit new EPF withdrawal forms to EPFO directly.
Read : New EPF withdrawal forms.
Dear Sir,
Thank you for your guidance.
Hi Sreekanth,
I see a very important information in your blog about PF. Also you have replied to each query very quickly and its really good.
I have gone through every query asked and tried to find solution for mine. All the questions and answers are good but couldn’t find answer to my query so requesting you.
Below are the details:
1st Employer: L&T, Mumbai
Duration: 20th May 2010 to 8th August 2012 (2.3 years)
PF transferred from L&T to Conti
2nd Employer: Continental, Bangalore (PF maintained by company’s PF trust)
Duration: 3rd September 2012 to 28th April 2015 (2.7 years)
PF withdrawn by Continental
3rd Employer: iGATE, Pune
Duration: 7th May 2015 (Continue)
PF withdrawal date: August 2015 (form 26AS shows this withdrawal as income)
As per the above dates, I have completed 5 years of service at the time of withdrawal.
Query: is this PF withdrawal taxable?
Form 26AS shows this amount as taxable and tax is collected for it. How to proceed in this case?
Thanks in advance!
Regards,
Rakesh
Dear Rakesh,
Ideally, you should not have withdrawn your EPF monies as you were employed immediately.
Also, 2.3 + 2.7 = 5, any chances that it is in border line? (duration).
If your service is > 5 years, epf amount is not taxable. In case if tds is deducted, you can claim it as refund while filing your ITR for AY 2016-17.
You can show withdrawal amount as ‘exempted income’.
Thank you Sreekanth for quick feedback!
While leaving 2nd company (Conti) my total experience was 2.3+2.7 = 4.10 (2 months less for 5 years limit).
PF was withdrawn on August 2015 while I was working in 3rd company and total experience when withdrawn happen was 4.10 + 0.3 = 5.1 years.
So in this case is it taxable?
Dear Rakesh,
I believe that it is treated as 4.1. Because there were no contributions for those 2 months right??
Suggest you to check with your current HR for knowledge purpose and let me know about this.
Hai
I have applied for PF Transfer and it got approved both side . my question is all the Three part in EPF ( Employee / employer and Pension part) will get transfer to my new account or any other deviation is there . I heard that only Employee and employer part of contribution will get transfer to my new account and pension part will credit to my account is it correct or my understanding is wrong. Please advice .
my Previous service in company A is –> 4.10 years
and current service in company b is –> 10 months
Sudharsan S.G
Dear sudharsan..I believe that we have already discussed on this. Kindly go through our previous comments.
Dear Sreekanth,
I have seen very precise and valuable information from you for different posts, and really appreciate you for your contribution.
I am trying my luck here and hope will get support from you.
I worked in India for last 16 years. During this time period I worked with different employers and never had withdrawn PF at time of leaving the respective employments. I always opted to transfer PF to new employer. Last year, I left my Indian employer after 4 years of service, and took the employment in abroad (Denmark). My current status is NRI.
My previous Indian employer is providing help on withdrawing the PF. Last year, I applied for PF withdrawal, but I was asked for Form 15G due to rule changes as my last employment was less than 5 years, and later it was rejected.
Now, it’s more than 5 years for my PF membership with last Indian employment ( 4 years as employee plus one year of wait time).
Can I withdraw PF without form 15G.
Also, will my NRI status affect anything here. In current financial year ( April 2015 onwards), I am not getting any compensation in India.
Regards
Santhosh
Dear Santhosh,
Thank you for your appreciation 🙂
Just because your last employment was less than 5 years (at the time of submitting withdrawal application), EPFO cant reject your application.
It can be due to some other reason as your total contribution years is more than 5 years.
Yes, you can withdraw PF without Form 15G. But for some strange reason , I think EPFO is asking for form15gs from everyone.
Your residential status is nothing to do with this.
If they insist on Form 15G..kindly complete it and attach PAN copy too with your withdrawal application.
Kindly read : How to fill new Form 15G?
hey i hav uan no. but not the password .i forget the password to login.and i dnt have registered mobile no. how i get new password for login…kindly convey
I have a doubt that, does the employee eligible to get his own contribution only at the time of withdrawal? please give a reply
Dear Anil..At the time of withdrawal, employee will get employer’s, own contributions, Plus interest on both the balances.
IF MEMBER SIGNATURE R NOT BE RECORDED TO EPF OFFICE SO HOW TO FURNISH TO MY SIGNATURE
Dear ANIMESH…Employee signature is required.
Hi shrikant,
Pls let me know can I withdraw my PF after leaving current organization and join another organization.
plssss revert
Dear surya..You can not withdraw. You can transfer it online.
Dear Sreekanth,
I have a PF Account and worked with employer for 10 months and proper resignation was not done at the time of job resignation and now joined another company in which a new PF account has been opened .
Can I withdraw the amount in old PF account ??
If so what is the procedure and also like to tell you that I have only PF account and not UAN No.
Dear Tanuj,
Do you have UAN number activated now? You can link old PF account too along with your new EPF ac.
Kindly read:
EPF online transfer.
All about UAN.
How to generate UAN online?
Dear Sreekanth,
Thanks for valuable information!
I need to withdrawal PF for the purpose of my own marriage but according to the rules of PF withdrawal there is a minimum years of completion of service is seven years and in actually i worked only for 3 years and 2 months with my ex employer. Is there any provision for PF withdrawal if employee completed less than seven years of service.
Currently i worked with a other company.
Looking forward for your valuable revert.
Thanks and Regards
Aman Arora
Dear Aman,
Yes, there are certain conditions applicable for partial withdrawals. These are dependent on the purpose of withdrawal.
Suggest you to kindly read my article : EPF partial withdrawals – rules & guidelines.
Dear sir…
I have one prlmb…i withdraw my pf bt prlmb is in march 2016 i compleate 10 yeras…so i have only 3 month..so can i withdraw my full pf ?any answer sir…
And yesterday i gave reasion latter…
Dear Alpesh,
You can withdraw full PF amount. But are you joining new company?
Dear Srikanth,
Thank you for nice article.
I requested to please tell me solution for My PF issue, I have a My PF number with me and i worked in one company for 2 + year but i quit the job in that company in March 2015 for my personal Family reason and i am still unemployed and i am staying with my parent is there any way i can with draw my PF amount with employer involvement. Please give a
Dear Sultan,
Do you want to withdraw PF amount with or without your ex-employer’s involvement?
Kindly ready : New EPF withdrawal forms.
Hi,
I am working in a private company now. if i serve my notice period after completing 4 months and and I left the company after 5 months. So only total 5 months work in that company. And I will be unemployed for next 3 months. Is it possible for me to apply for PF after 5 months of working and 3 months of unemployment after that? Is there anything that I should be working for 6 months in a company to get the PF amount reimbursed?
Dear Rameez,
If you are unemployed, you can apply for epf withdrawal.
Thank u, i can apply for it 2 months or 3 months after leaving the company? And is there any online option to apply for it?
Dear Rameez..Online withdrawal facility has not yet been enabled. If you have UAN active & KYC is done.
You can submit withdrawal forms directly to EPFO without employer’s seal.
Thank you, in my company payslip there is a bank account registered where my salary is been credited. I can only withdraw my pf into the same bank account or is there any option to give any other bank details at the time of withdrawal because my this bank account will be deactivated by the time i withdraw my payslip as this is my salary account and if i want to use it as pf account i want to maintain monthly balance of Rs. 10000
Dear Rameez,
The EPF withdrawal amount will be credited to the bank account which is linked to your UAN. Suggest you to close the account after receiving the PF amount.
Hi Shreekanth,
I need some information regarding transfer of my existing multiple PF
accounts to the current company PF account.Details as below:
1.I left Company A on Aug’2014 and joined Company B.
2.Left Company B on Sep’ 2015 and joined Company C.
3.I never transferred the Company A’s PF to Company B’s PF account and now after joining
Company C I want to withdraw PF for the purpose of buying a flat.
Now because I want to withdraw PF for the purpose of buying a
flat,would like to know whether I can transfer both Company A and B to a newly
created PF account from Company C?
Note:I already have the UAN number mapped to the Company A’s PF account.
Dear Prakash,
Let me know your total service period. Kindly read : EPF partial withdrawals – rules & guidelines.
Hi Sir,
Can I withdrawal my providend fund when i have completed just 3 months in a company. If yes, so i can withdrawal only my contribution in pf or my employer contribution also.
Please advise.
Dear Harsh..Are you still with the company or left them?
Hi Sir,
I have left the company in which i worked for three month. Still i am working in another company.
Please advise.
Dear HARSH..If you are employed now, you can transfer old EPF monies to your new acount.
sir I want to withdrawal my PF amount in emergency medical issue as 50000/-, is it possible to withdraw where as PF amount is near about 70000+, waitng for your valuable suggestion.
Dear deepak..Kindly read : EPF partial withdrawals : rules & guidelines.
Dear Sreekanth,
I have worked for two in a company and went out to join a PSB before completing the minimum service period.
In my new job, i haven’t shown my ex. Definitely the company won’t help me in withdrawing the PF. its already been a year. I have UAN and through that i have uploaded my KYC. But it still haven’t approved.Now my question is how to withdraw without pf without employers consent. What are all the document i have to submit in that case? Kindly help me
Dear Naveen,
As you are employed now, you have to transfer your old EPF a/c to your new account. Request your ex-employer to do the needful.
Actually i haven’t my shown my previous employment in the current employment…More over, I am under NPS. I want to withdraw the same.
Good Evening sir,
sir currently I am working for electronics company and I was joined was October 2013 to till date ,
in our salary slip with mentioned with 1700 Rs Pf deducted in our account but sir please requesting to can I possible to withdrawn my balance pf through my current company , before 2 month back received uan number from our hr. dept.
can I withdrawn my balance pf from my current organization.
Dear IRSHAD..As your currently employed, you can not withdraw your EPF money.
You can make partial withdrawals provided you meet certain conditions.
Red : EPF partial withdrawals rules & guidelines.
Hi.
Can i take scanned copies of form 19(uan) and form 10c(uan)duly filled and signed by me, to withdraw my EPF and EPS and email it to the commisioner directly? or would it be better to send it by post.
Dear PRAKASH..If your UAN KYC details are verified by your employer, you can send the docs by post.
Dear Shrikanth
I was working with TCS and I left the company in August,2013 month after completing their service period. I joined other company after five months. During 5 months, I was unemployed as I wanted to go for Higher Studies but unfortunately I was not able to go because of some personal reason.
My question is
1) As per the rule, I was unemployed for more than 2 months and currently I am employed with MNC, can I now withdraw the PF amount based on this rule from TCS?
Regards,
Aniket
My dad is working in tamilnadu state transport corporation now he is suspened for a accident happened while he is on his duty for 3 month. Im his daughter and im gng to get married we would like to withdraw half of his pf amount for my marriage expences. are we elligible to do so kindly reply me.
Dear Anu,
How long has he been contributing towards EPF scheme? I believe that suspension is not an issue to withdraw PF.
Kindly read:
EPF partial withdrawals rules & guidelines.
Thanks Sreekanth for kindly replying my question. My dad is contributing pf for more than 25 yrs. since he is working in Tamil nadu state transport corporation.
Dear Anu..I believe that he can apply for partial withdrawal.
Hello sreekanth
I have two in operative PF accounts. Presently Employed. Both the accounts are 3 years old.
I have UAN Activated. Is it possible to with draw both the PF accounts. Or it is better to transfer the PF accounts.
Dear Sampath,
It is better you transfer them to your new account.
Kindly read:
In-operative EPF a.c Helpdesk.
Transfer EPF online.
Hello,
Can I withdraw my PF ? as I have worked for 2 months only. Please guide.
Vidya
Dear Vidya..Are you currently employed? Have you activated your UAN?
Can u please inform me whether the rule of 75:25 for Pf is implemented or not
Dear kardam..It is only a proposal and hasn’t been implemented..
Hi Sreekanth
I had left my job on May’15 from company which provided me one PF a/c number which was not universal.After this I joined another company which at the time of my joining asked me if I have any PF a/c and want to transfer that…
I gave my PF details but as my previous a/c was not universal, the a/c was not transferred and my present company had opened my new PF account and that too universal…
Now I want to withdraw my previous PF amount, but my previous company is not ready to withdraw and asking to kindly transfer your account…
Now, previous company does not had universal a/c and this company had opened a new a/c that too universal…
Kindly help in understanding the confusion and please suggest the way out possible…
Thanks
Dear Rishabh,
UAN (universal account no) is unique ID. Wheras your EPF account numbers are called as MEMEBER-IDs which change as when you change your employer. You can transfer old EPF a/c money to your new EPF a/c through UAN portal.
Read:
All about UAN.
Transfer EPF claim online.
Hi,
I want to WITHDRAW my PF amount as I am unemployed for more than 2 months.
If I raise a withdraw request, do I get my 100% PF amount available or only 75% now and later after 58 years 25% as per below.
News on as July 2015: Government plans to cap premature withdrawal of PF money at 75% of total amount.
Is this is in Implementation or not yet…
If I raise a withdraw request, do I get all my 100% PF amount.
Thanks
Hussain
Dear Hussain,
As per current laws you will 100% (subject to taxes if any). The 75:25 rule is yet to be implemented (it is only a proposal).
please let me know the link to check complete PF balance amount, and PF application tracking status.
Dear Ganesh,
You can check your EPF balance through SMS/ by giving missed call. Read : Check EPF balance..
If you are currently employed and also have activated UAN, you are not supposed to withdraw your PF completely. EPFO also can track if you are currently employed or not based on your UAN and employment status.
Hi Sreekanth,
Thanks for your assists, i have a quick question.
In previous comments u said that i am not supposed to withdraw my PF completely rite?
then i can withdraw my PF with the TDS deduction, or i cannot withdraw it?
why am i asking u is, the new rules of PF chart shows that we can with drawn the PF with 10% TDS deduction.
my friends all are withdrawn the PF completely even though they are joined to NEW company.
i am really confused with this new rules. i request you to advise me on this clearly.
Thanks.
Dear Ganesh,
If you are employed now, you are not supposed to withdraw. EPFO can also track your employment status based on your UAN Vs member-ids.
Hi,
I joined to new organization, and i want to withdraw my PF for my previous organization, so i have applied already i has been completed more then 60 days, still i dint get status of my PF, if i called to my previous company HR people, they are always telling that i could not with draw my PF due to i have joined to new company, So my Question is if joined to new company also i can withdraw my PF rite?with TDS Applicable? please help me out this, i do not what should do for this issue, i am confused, i want to withdraw my PF, please help me. Thanks
Hello,
My wife quit her organisation in July 2015 and since then is not employed. She has been living abroad since then. Her PF withdrawal request was rejected citing some forms were missing. In the forms to be completed, her previous company has sent 15G form as well. What income should be shown in this form?
Thanks,
Santosh
Dear Santosh,
Did you submit PAN copy? You may go through this : How to fill new form 15g?
Hi, Thanks for sharing such a valuable information. I have a query, I worked for one of the organizations for 2 years and the total PF and Pension accumulated during this period is Rs.47724/- (PF is Rs.33708/- and Pension is Rs.14016/- this includes both mine and employers contribution). I left job in 2006 and this account was never transferred to new one when I joined new company. Now recently when I applied for withdrawal, the EPF department told me that the amount I have in my account now is Rs.34941/- and there is some interest amount which they said currently don’t have information.
My queries:
(1) How came the current account statement is with such low amount and where is the rest of my amount?
(2) As per the current employer’s statement mine and employer’s deposit is Rs.47724/- at time when i was leaving the job. Why not interest is added when I checked with latest statement with EPFO department?
(3) I also heard that, if we leave the EPF account inoperated for long time, no interest will be credited to the account. is that true? I also heard, even if the account is active/operative, only for 3 years interest will be credited and then onward it will be stopped. Please give some more clarity on this.
Thank you and looking for your reply.
Dear Pavan,
1 – Rs 34491 is your EPF money only. Plus some interest might have been accumulated for 36 months. You have to submit seperate EPS withdrawal form to withdraw EPs pension benefit amount.
2 & 3 – Yes. Kindly read : EPF inoperative account details & helpdesk.
Great! thanks for the reply.
The link talks only about EPF and no specific team to resolve EPS related queries. Should the same EPFO’s Inoperative Account Help Desk address questions on EPS? Any guess?
Dear Pavan..No they mainly deal with EPF related stuff.
Hi Sreekanth,
How can I withdraw the pension amount? Is there a seperate form for it?
Can I fill it online?
Please revert.
Regards,
Bharath R
Dear Bharath..You have to submit Form 10c. As of now no online facility has been enabled. You can download the form here..
Dear Sreekanth,
I read you blog and it fetched lot of Information!
I want to withdraw all my PF amount, I recently joined a new organization and did not transfer my PF amount to my new employer. I have been transferring all my PF amount till date from 2006 till date. If I withdraw now will TDS come in to picture ?
Awaiting for your response at the earliest. Thanks In advance for your help!
Kiran Reddy
Dear Kiran,
TDS is not applicable. But ideally you have to transfer old EPF ac monies to your new one, as you are currently employed.
Kindly read : Transfer EPF online.
Hi Sreekanth,
Thanks for the information.
So when I transfer to my PF to my present Employer how do I withdraw if that’s the case. I needed to withdraw for buying a land.
Regards,
Kiran Reddy
Dear Kiran,
Have you activated you UAN? If you are employed, you can not withdraw EPF monies. You can only make partial withdrawls. You can transfer old account monies to new one and then apply for partial withdrawal. Suggest you not to touch your retirement savings. Keep them for long-term.
Read : EPF partial withdrawal rules & guidelines.
Hi Sreekanth,
Thanks for your Swift response !
I have already activated my UAN with the last employer and thanks for the information for EPF partial withdrawal.
Please assist !
regards,
Kiran Reddy
sir i am so confused about my pf as i am working for private organisation. once i left that organisation but again joined from august, 2015 what can i do i am so confused please guide me for this i want to release it now is it possible
Dear rajinder..May I know your query? What do you mean by ‘release’?
Hello
I’m working in bpo since last three months. And I’m going to leave this job…so Can i withdraw the my PF.
Waiting for reply. Thanks
Dear madhukar..Are you planning to join another company?
hai
1. I worked for A company for 4years 7 month and B Company for 10 month . I have linked my both PF account to my UAN. is my service will be calculate as 5.5 month or it will only calculated as 10month ?.
2. if it is 5.5 years of service , I am eligible for tax free PF withdrawal ?
3. I have applied for online transfer of my pf from company A to B company . will all three contribution ( employee part , employer part , pension part ) get transfer or only first two will transfer .
Kindly advise on the same.
Dear Sudharsan,
1 – 5.5 years
2 – Yes (if you are currently unemployed, you can withdraw).
3 – only EPF part. EPS you may have to withdraw (pension part)
Thanks for your clarification.
in my 3rd point I am not withdrawing PF. Just want to know if I do online transfer of my PF from A Company to B Company will all three part of EPF (.employee part , employer part , pension part ) will get transfer or only frist two will transfer .
if it is then what I have to do for transferring pension part also . Kindly Advice
Dear Sudharsan,
Only EPF monies (employees + employer’s) will get transferred. Pension amount you need to withdraw if your service period is less than 10 years.
Hi Sreekanth,
I worked in a company for two yrs than i resigned , and applied for PF withdrawal , my empolyee +employer contribution is 24314 and pension contribution is 12239, today i recieved 12258 in my account, so will i be getting the 24000 amount also , i want to know what amt am i entitled to get in total , is seperate payment a common thing, should i wait, if yes how long .
And if i dont get any amount after today where shoul i raise my complaint first.
Dear Nikhil..Rs 24k is your EPF money and Rs 12k is your EPS (pension withdrawal) money. Yes, these are paid separately. You may wait for some-more time to get your EPF monies.
Hi Sreekanth,
Will Section 192 A of the IT act be applicable if the company maintains its own PF trust and claims it is an exempt establishment?The company officials have added my PF settlement amount to the total income and taxed it as per the slabs in which I am falling under.They are stating that they cant deduct tax at 10% since this rule does not apply to them.I strongly doubt whether they are correct.Thanks for your time.
To add to the previous post.The withdrawal happened in Aug 2015 after this rule came into effect.
Dear Varun,
I believe that these new rules are applicable to PVT EPF trusts too.
In case if they have deducted more TDS, you may claim it by filing ITR (depending on your other income).