The Central Board of Direct Taxes (CBDT) has recently issued a notification regarding the new format and declaration procedure of new Form 15G & Form 15H. The revised procedure has been made effective from the 1st October, 2015.
Tax payers seeking non deduction of tax from certain incomes are required to file a self declaration in Form No. 15G or Form No.15H as per the provisions of Section 197A of the Income-tax Act, 1961.
The tax payers can now generate and submit Form 15G/Form 15H online provided their banker created a link on their respective bank’s Internet Banking portal.
In this post, I have provided detailed step by step detailed instructions on how to fill Form 15G or Form 15H?
How to fill new Form 15G?
New Form 15G has two parts / sections;
Part 1 – This section is to be filled by the person (individual) who wants to claim certain ‘incomes’ without TDS.
Let us now go through each point of Part-1 of Form no 15G.
- 1 – Name of the individual who is making the declaration.
- 2 – PAN (Permanent Account Number) of the tax assessee. The declaration is treated as invalid if an individual fails to furnish his / her valid PAN.
- 3 – Status – Declaration can be furnished by an individual or a person (other than a company or a firm).
- 4 – The financial year to which the mentioned income pertains to.
- 5 – Residential status ie Resident Indian or NRI etc.,
- 6 to 14 – Your Address & contact details.
- 15 (a) – Mention ‘Yes‘ if assessed to tax under the provisions of Income-tax Act, 1961 for any of the assessment
year out of six assessment years preceding the year in which the declaration is filed. - 15 (b) – Mention latest Assessment Year for which Income Tax Return has been submitted and processed.
- 16 – Estimated income for which this declaration is made.
- 17 – Estimated total income of the P.Y. (Present / Financial Year) including the income mentioned in point no 16.
- 18 – In case any declaration(s) in Form No. 15G is filed before filing the new declaration during the Financial year, you have to mention the total number of such Form No. 15G filed along with the aggregate amount of income for which said declaration(s) have been filed.
- 19 – Mention the distinctive number of shares, account number of term deposit, recurring deposit, National Savings Schemes, life insurance policy number, employee code, etc.,
- Verify, declare and sign the form. (Kindly note that if you are submitting form 15G for this Financial year 2015-16 then Assessment year would be 2016-17)
Part 2 – This section is to be filled by the person / institution responsible for paying the income. Example can be a bank who pays ‘interest income’ on a depositor’s Fixed deposit.
How to fill new Form no. 15H?
Form 15H is for senior citizens who are 60 years or older and Form 15G is for everybody else. New Form 15H is also divided into two parts;
Part 1 – This section is to be filled by the Senior Citizen (individual) who wants to claim certain ‘incomes’ without TDS.
The details that needs to be furnished in new Form 15H are same as the one in new Form 15G except for the point no. 3, wherein you (senior citizen) need to provide your Date of Birth in the form.
Part 2 – This section is to be filled by the person / institution responsible for paying the income. Example can be a bank who pays ‘interest income’ on a depositor’s Fixed deposit.
If you require any assistance in completing new Form 15H / 15H declarations, kindly leave your comments or queries.
Latest News (04-June-2016) : With effective from 1st June, 2016, rental income has also been allowed to be included in the Form 15G/ 15H declarations. The scope of income that can be included in the above forms is as under:
(i) Amount received from EPF withdrawas
(ii) Dividend Income
(iii) Interest other than Interest on Securities
(iv) Sum received from Life Insurance Policy
(v) Sum received from National Savings Scheme &
(vi) Rental income has also been allowed to be included in the declarations.
(Download new Form 15G and new Form 15H in PDF format.)
When to submit Form 15G / Form 15H? | Details & Clarifications
New EPF Withdrawal Forms – Form 19 UAN, Form 10C UAN & Form 31 UAN
Latest TDS Rates Chart for FY 2017-18 / AY 2018-19
Dear sir, Mujhe parsanal loan chaiye emergency ke liye please
Dear Sir,
i have worked in my previous company for 2.5 years and joined a new company and now i am working there . i have applied for PF withdrawal from my previous company,they are looking for 15G form.
please help for column 15,16,17.
My total Contribution : 64523
Current CTC :5.92 Lakh.
Pls suggest.
Thanks in advance
Dear Neeraj..In case, you are contributing to EPF in your new Company then you have to transfer old EPF a/c monies to new EPF a/c.
EPF withdrawal before 5 years, is a taxable income.
SIR I AM 21 YEARS OLD AND STILL NOT EARNING. I HAVE PAN CARD. MY FATHER WAS A GOVT. SERVICEMAN AND RETIRED IN 2016. HE GIVE ME 25 LAKHS RUPEES FROM HIS RETIREMENT AMOUNT FOR MAKING FD IN SBI AT 6.50% INTEREST . NOW I WANT TO KNOW IS THIS AMOUNT IS TAXABLE TO ME . AND WHAT IS THE MAX AMOUNT THAT I CAN INVEST IN FD.
Dear RAJA ..There is no maximum limit as such..
Yes, interest income is a taxable income.
Kindly read :
Taxes on FDs/RDs
Do I need to file income tax return?
Hi Sreekanth,
Can you please go through the below scenario and advice on my queries
I worked with a company based out of Chennai from Jul 2008 until May 2012 (Approx 3 Yrs and 11 Mths) , Later was on an onsite assignment from May 2012 till Dec 2015 Approx (3 Yrs and 8 Months) so no income in India and No PF contribution. Again was back to work in Chennai during Jan 2016 and resigned from the company in same month.
Since Feb 2016, I am working as a consultant / sole proprietor and have filed my tax for FY 2015-16 and for FY 2016-2017 it is yet to be completed.
I am in plan to withdraw my PF amount and have been asked to fill form 15G as well. can you please clarify on the below queries .
1. with the above case as the no of years of continuous active service of the PF account is less than 5 , will the accumulated pf amount approx 1,67,000 will be taxed ?
2. As of today, if claimed the withdrawal amount will be credited in to my account in the current Financial year 2017 – 2018 hence the AY should be filled as 2018-2019 in Form 15G or should this be current AY 2017 2018 – Kindly confirm.
3. As II am yet to file my Tax for AY 2017 -2018 (FY 2016-2017) , can the last assessment year be marked as AY 2016-2017.
4. with regard to the field 22 . Estimated total income from the source – I dont have such incomes – but got some interest credit in my savings account for the fund maintained through the year – should I be mentioning that here.
5. Please clarify on the estimated total income of the previous year field – should this be the approx income (Profit) i would be getting as a part of this Financial year FY 2017 – 2018 out of my consultancy work + amount in field (22) – correct me if i am wrong
Regards
Mithun
Dear Mithun,
1 – Kindly read : EPF Withdrawals & new TDS rules.
2 – AY would be 2018-19.
3 – If you are filing your taxes for AY 2017-18, suggest you to mention the same.
4 – Yes, you can include interest income as well.
5 – Estimates is fine..
Would appreciate your response to my query: My parents have been in the US since 2015 April as green card holders. In 2016 April, they sent their 15H filing to their bank in India. Do they have to file one this year, too? I have been reading on the internet that NRIs do not have to. Since, I am not sure, I have prepared the 15H papers (due soon). At the bottom of Page 1, of 15H, there is a Declaration, Verification that “I am resident in India within the meaning of section 6 of the Income Tax Act, 1961.” I have researched on the internet, but am not able to figure out whether US my green-card parents are Indian residents or not as per the Income Tax Act, 1961. The bank in India is not of much help. Can you help with some clarification on this matter?
Dear Sundari,
NRIs can not submit Form 15G/H. There is no need to submit these forms.
Dear Subramaniam
My 15H was not accepted by SBI as my pension exceeding Rs.300000/- .
As per manager’s version, if someone’s yearly income exceeds Rs.3 Lakh then he is not eligible to produce 15H to bank . The person can only claim refund from Income Tax department.
Please clarify the rules .
Thank you
D P CHAKRABORTY
Dear Deba Ji.. If there are tax deductions to be claimed and if the net taxable income falls below basic exemption limit then can submit Form 15H.
sir,i too had similar experience from some bank: my pension (2,95,000) plus FD INT (Apprx 90,000) exceeds 3 lacs..Since 15H has no column for 80c and 80d, TDS WAS DEDUCTED.Pleas advise how to give 80c and 80d to avoid tds this year, i will be very thankful to you
Dear BHASKARAN Ji ..Form 15H is submitted based on your projected income & assumed investments.
In case if you can not make investments for tax deduction, you can file ITR with TDS details but without tax deduction and calculate taxes (if any) accordingly.
sir, my investments u/s 80 c and 80 d approx.95000,so net income (Pension 2,95,000+FD int 90,000 less investments 95,000=2,90,000) is less than 3,00,000…My doubt is, in which column in 15 H should i mention 80c and 80d investments. I DONT FIND THE COLUMN TO MENTION THIS INVESTMENT.(Last year tds deducted, this year if you can kindly guide me, i will give 15H duly reflecting investments and avoid TDS.
KINDLY BEAR WITH ME FOR THE TROUBLE
THANKS AND WARM REGARDS
Dear BHASKARAN Ji ..You may mention the expected income as Rs 2.9 Lakh and TDS wont be deducted.
Hi Sudip,
Need your help. We could not file ITR for the account which my father was operating. He expired on 27th July 2014 since than we could not do so. Also he has few FD in SBI bank. Now same account has been transferred at my mother’s name who is 60+. For FD ‘s which my father opened with SBI bank, do I need to submit form 15G/15H? Shall I have to submit separate forms against all the 6 FD accounts of my father.
Looking forward for your responses.
Many thanks.
Jyoti
Dear Jyoti ..You can submit one Form 15H (signed by your mother) if its the same Bank.
Yes Sreekanth, bank is same for all the FD accounts. Also can you please let me know the procedure to file ITR for this account. Really appreciate your quick response.
Thanks,
Jyoti
Dear Jyoti,
Kindly read :
Which ITR form to file?
Do I need to file my Tax return?
Hi
I have a query …..in filling the 15g
i get interest of 1800 on FD every month…and i work in a company and my salary account is in other bank
while filling this column..what should i fill..(should i just mention my interest income or i should mention my salary as well ?)
Estimated total income of the P.Y. in which income mentioned in column 16 to be included *
Dear kumar ..You need mention the total expected income (salary + interest income) in Col 17 and in Col 16 – expected interest income.
what is next after the form 15h has been filled and submitted.
My Mother a pensioner, having 4 nos. FDs in two separate banks. While submitting 15H in two separate bank in column no 16. Estimated Total income what she would write? If Q.1-FD interest earn in one particular bank+Estimated annual pension income? Q.2-FD interest earn in both banks+Estimated annual pension income? Q.3-In the column 17 Total no. Of 15H filed what she would write 2 or 1? Q.4-If column 15 & 17 aggregate amount of income would be same figure? Hope you will reply my queries. Thanks
Dear Sudip,
2 – Yes, you are correct.
3 – While filing 2nd Form 15H – the count is 2.
4 – 16 & 17 – yes.
Thank you sir for your prompt reply. From your article and your comments of others queries I get that in the column 16 & 17 the figure would be same, as it is the Total expected income from all FDs in different banks+income from other sources,Q.1- is it correct? But suppose if my mother had two nos FDs total amounting ₹ 600000/- in SBI and the total interest amount 45000/ she would get yearly from those FDs. So my Q.2- is while submitting 15H in SBI what figure she would write in the column 15(Estimated income for which this declaration is made) 600000/- or 45000/-? Q.3- For other bank FDs the column 15 would be change and 16 & 17 would remain same as SBI 15H. Is it correct?
Sir I understand that column 17(Details of form no. 15H other than this form filled for the previous year,if any) is related to previous year i.e 2016-2017 financial year. In the space under the column 17 (aggregate amount of income for which from no. 15H filled) will be previous year total interest income of all bank FDs+previous year yearly pension income+other income of previous year. Is it correct? Thanks
Dear Sudip,
I believe that it is number of forms in this FY ie 2017-18.
Dear Sudip ..You can declare it as Rs 60k, kindly note that it is an estimated income, so slight difference of figure is ok.
Thank you.
I have opened HUF Saving bank Account in one bank and there are few FD’s.
The interest FDS is estimated to be Rs. 50000/- FOR FY 2017-18
Some interest has also be accured by Saving Bank account. Rs. 5000/- FOR FY 2017-18
THERE IS NO OTHER INCOME.
I have never filed income tax return for this account
PLEASE LET ME KNOW WHAT I HAVE FILLED IS CORRECT ?
15 (a) – Mention ‘Yes‘ if assessed to tax under the provisions of Income-tax Act, 1961 for any of the assessment year out of six assessment years preceding the year in which the declaration is filed. NO
15 (b) – Mention latest Assessment Year for which Income Tax Return has been submitted and processed.
16 – Estimated income for which this declaration is made. 50000/-
17 – Estimated total income of the P.Y. (Present / Financial Year) including the income mentioned in point no 16. 5000/- + 50000 = 55000/-
18 – In case any declaration(s) in Form No. 15G is filed before filing the new declaration during the Financial year, you have to mention the total number of such Form No. 15G filed along with the aggregate amount of income for which said declaration(s) have been filed.
0 0
Dear DARSHAN,
15 a – correct
15 b – NA
16 – Yes
17 – Yes
18 – ok
Thanks a lot Sreekanth Reddy
Can you please tell me when to submit form 15H ,
I have to submit this form against my fds to the bank, for 2017-2018 , so Do i have to submit it now in advance or at the end of the march 2018.
Dear BHARAT ..Ideally at the beginning of a Financial year.
Thank you sir.
I want to also ask you If bank has deducted TDS on fds even after submitting 15H form at the beginning of the financial year.Than what to do?
March end I realize that the TDS has been deducted saying that no form 15H has been submitted for last FY finished, but it is not the case my Mother who is above 60 yrs went and submitted this form to the bank and now the bank staff is different and they deducted the tax saying the same thing above.
How to go about this situation to get our TDS money back after all its all bank’s mistake.
Dear BHARAT,
She can file Income Tax return, declare income & TDS paid details and get Refund (if any).
Read: Misconceptions on TDS
I was in the process to do that online at the Income tax govt. website , but after registration I got stuck and don’t really know what type of declaration and how I should be making the declaration as there are different types of forms and section available.
Dear BHARAT ..Suggest you to consult a CA and file tax return.
Sir in 15H can I mention my pension’s amount? If it is required, then my monthly pension is Rs.13962. So my question is how can I calculate it?
Dear Mr Mukherjee..You can mention the total expected Pension in this FY 2017-18.
Hi Sreekanth,
I have worked in a firm from 8th June 2011 to 8th june 2015. Tried to apply withdrawl via employeer, they have a form 15g which has 24 columns which is diferent from this. in that form what does this column 7.assessed in which ward/circle , 17,18,20,21 means?
Dear RupeeVest ..Ward/Circle are regarding your Income tax return.
Kindly go through this article, can be useful.
Sir,
In Form 15H (means for my mother who is above 60 years)….., how many signatures to be done…..My mother having fixed deposit of 1 lakh.
In some banks, they are saying only 2 signatures…….and some banks they are saying 3 signatures.
Please tell me in PART II of 15 H, is it necessary to sign by my mother or can i ignore it…….Part I having 2 signature columns and Part II has 1 signature column. Total 3 COLUMNS.
Please tell me sir how many signatures to be done……in 15 H form..
Two signatures , dear Srinivas ..
Part II is to be filled by your banker.
Hi Sreekanth,
I worked for a company in Hyderabad for 5.6 years. I moved to the US in June 2016. But haven’t filed tax for the current assessment year (2017-18). My question is regarding the following sections in 15g:
1. [16. Estimated Income for which the declaration is made]- What income amount should I enter here, Salary or PF?
2.[17. Estimated total income of the P.Y in which income mentioned in column 16 to be included] What should be the income amount here?
3.[19. Details of income for which the declaration is filed] What should I mention. I want to submit 15g only for PR WITHDRAWAL.
Appreciate your advice here.
Thanks in advance,
Kumar
1. [15. Estimated Income for which the declaration is made]- What income amount should I enter here, Pension or Interest?
2.[16. Estimated total income of the P.Y in which income mentioned in column 15 to be included] What should be the income amount here?
3.[17. Details of income for which the declaration is filed] What should I mention.
Dear anupam,
1- For what are you submitting the Form 15g? If it is for bank deposit interest then its Interest income.
2 – Salary income (if any) + col 15 amount + other income, if any.
Dear reddy,
Regret to inform you that being a senior citigen(66yrs) it will be Form 15H instead of 15G.
So the column of 15H furnished below :
1. [15. Estimated Income for which the declaration is made]- What income amount should I enter here, Pension or Interest?
2.[16. Estimated total income of the P.Y in which income mentioned in column 15 to be included] What should be the income amount here?
3.[17. Details of income for which the declaration is filed] What should I mention.
Dear Kumar,
1 – PF
2 – Salary inc (if any) + PF + Other expected income (if any).
3 – PF details
Thank you Sreekanth! Appreciate your advice.
Any suggestion how to calculate the PF amount?
Dear Kumar ..You can check your EPF passbook or give missed call to know your EPF balance.
Hi Sreekanth Reddy,
I had worked in an organisation from 8th April 2015 to 3rd Jan 2017. My Fixed pay was 2,90,000 from Apr 2015 to May 2016. Then it was 3,88,500 from June 2016 to Jan 2017. Do I need to submit Form 15 G. If so, what are the details do I need to fill in that. I had no investments, no RD, no Insurance schemes etc except House rent and Sodexo contribution. Could you pls give me a detailed explanation on this. Thanks in advance.
Dear Fahad..If you are submitting this form for PF withdrawal, suggest you to submit Form 15G irrespective of your eligibility, as EPFO has been asking for this form from all applicants.
Hi Srikanth,
Thanks for the reply. I have one more doubt reg Form 15 G. I had no investments, no RD, no Insurance schemes etc except House rent and Sodexo contribution. So, what should I enter in Column 15 and 16 ?. Need some clarification this. Thanks.
Dear Fahad,
Col 15 – Your last tax assessment year.
Col 16 – estimated EPF withdrawal amount.
Col 17 – EPF withdrawal amount + any other income (Salary or interest on RD/FD/NSC etc). If other income is NIL. The amount in this col would be same as col 16 figure.
Thanks for the valuable information..
Hi Sreekanth,
I just need one information while filling FORM 15H in Estimated total income value how to calculate Interest rate earned on FD??
I mean i have 2 scenarios:
1st I have made FD on APRIL 2016 which got matured in MAR 2016 so it is apparent that i need to show interest earned as my income for FY 2016-17 and Assessment year 2017-18
2nd Scenario i had made a FD in APRIL 2016 which will get matured on SEPT 2017 so interest for that FD will be earned in SEPT 2017 so do i need to show that Full interest as income earned in FY2017-18? Or do i have to split the interest on Pro Rata Basis means APR2016 to MAR2017 and then APR2017 to SEPT 2017 in next FY’s FORM 15H?
Please clarify.
Thank you
Dear Pritesh,
It depends on whether you are following ‘accrual basis’ or total interest shown in FY in which FD matures.
Kindly read: FDs & RDs – Taxes
Thank you, Query has been resolved. Your Article on FD& RD is very impressive-detailed information has been provided.
My father need to fill form 15H, bank asked to put all income in the form 15H.
SBH bank asked him to fill Pension amount ( say X ) and FD interests (Y ) = Total SBH
Question 1 – is it right to fill pension amount as well along with FD interest or it should be just FD interest in that bank alone.
Now Karnataka bank where he holds couple of FD there as well:
if he fills Pension amount (X) + FD interest in karnataka bank (Z) = Total Karnataka
Question 2: will now he look wrong to IT department as in both banks he is adding X as pension amount and it should not overall look like 2X together from both banks.
Please help with clarifications here.
Dear Madhava,
1 – Yes, pension income is also treated as taxable income. So, need to include this.
2 – No, it wont be treated like that way.
Hello Relakhs,
I need some information regarding filling the PF withdrawal documents as I have moved to Australia in June 2016, and have the following queries.
1. Which address do I specify in all the forms, whether it should be my new address in Australia or my parental address back in India?
2. I worked with Dell till 30th March 2016 and did not file my Income tax returns for the year. Do I need to fill the returns in order to get the PF withdrawn?
3. I worked from 20th April till May end with IBM, will I have to fill separate forms for PF withdrawal?
4. Do I require to fill form 15G, in case yes can you provide a sample format for the same?
Kind Regards,
Kapil bandlish
Dear Kapil,
1 – Advisable to provide Indian address.
2 – You can mention the last assessment year of your tax filing. No, it is not mandatory to file ITR to get PF withdrawal.
3 – Yes. Else, you may have to first Consolidate the PF accounts and then apply for withdrawal from the latest EPF account.
4 – EPFO is asking for Form 15G from all the applicants. Click here to view sample filled Form 15G example.
Read :
EPF withdrawals & new TDS rule.
New Composite EPF Withdrawal form.
Hi,
I was working in a firm for continuous 5 years and in between I went to abroad during 2013 and returned back during 2015. I would like to with draw PF. In the last assessed colum which year should I mention? Should it be 2015 to 2016 to the assessment year during my abroad travel?
Please advise.
Dear Vijayanand,
The year in which you last filed your income tax return.
Hi Sreekanth,
I have few more doubts I will list down below
1) Do I need to file Returns for the year I was not in India? Pls advise.
2) I am filling 15G for PF withdrawl, in Column 16 : Estimated Income what all should I include if I dont have NSS FD. But I have LIC Policy, Home Loan only. Do I need to include Salary received as well?
3) In the Financial year 2015 to 2016 till Oct 2015 I was in one firm. From Nov 2015 I was in other firm I need to submit PF withdrawls to both the firms. In form 15 G, estimated income column 16 what I should I fill for each firm – Please advise
Dear Vijayanand,
1 – Depends on your Residential Status & if you have taxable income in India. Read : Do I need to file my ITR?
2 – LIC policy details not required, but have to include salary.
3 – Did you transfer your EPF amount from old EPF to new EPF account?
cHi Sree,
Thanks, I was non resident during 2014 to 2015 assess year 2015 to 2016 – I filed as No Income in India for Taxing.
in Column 16 for 15 G – will include Salary
Firm 1 : March 15 to Oct 15 (resigned during Oct 15)
Firm 2: Oct 15 to Jul 16 (resigned during Jul 16)
Salary received from Firm 1 (from March 15 to Oct 15) in Form 15 G for Firm 1
Salary received from Firm 2 (from Oct 15 to Jul 16 or March 16) in Form 15 G for Firm 2 — Check and advise
Hope this is correct
I have not transferred by my PF to new Firm.
Thanks
Dear Vijayanand,
If you are filing form 15 g now in FY 2016-17, you have to disclose the income expected in this FY.
Dear Sir,
i want to fill form 15G for PF withdrawal but little confuse on some filed.
Kindly guide me so that i can correctly filled.
I leave my job Aug 2016 & now not doing any job and i want to withdraw my PF.
1>What should i filled in filed 3 ie assessment year(for which declaration is being made
2>filed -22-Estimated total income from sources mention below (i have no shares,no interest on securities,no interest on sums,no mutual fund,no withdrawal from NSS
3>what should i mention in field 23 if my last year(15-16) total salary earned is 524590 for year 1st Apr 15 to 31st Mar 16 & total PF amt will be Rs268464/ and in pension it will be Rs46000
i suppose that forms 15g/h are to be submitted every quarter-in Column 16 of the form one has to mention Estimated Total income for which that declaration is to be submitted -does it mean the estimated income in the particular quarter? Again Column 17 asks for Total income for the PY -are we to mention there the estimated total income of the whole financial year in which the amount shown in 16 is apart?
Dear PPRadhakrishnan ..One has to mention the total estimated income for the current Financial Year.
Hello Sreekanth,
My query is regarding withdrawal of Provident Fund. I worked for 4 years (June 2010 to May 2014) in one of the firm based in India and in June 2014 I moved abroad permanently. Now I am planning to withdraw the Provident Fund Amount ( Total 4 Lacs).
My queries are –
1. Whether TDS will be deducted when I withdraw Provident Fund as my overall tenure as PF member was less than 5 years.
2. Can I avoid TDS deduction on my Provident Fund by submitting form 15G?
Thanks in advance for your help.
Kind Regards,
Sharad
Dear Sharad,
1 – Yes, TDS is applicable.
2 – TDS can be avoided but the withdrawal amount is still subject to Taxes.
Read:
EPF withdrawals & new TDS rules.
TDS & Misconceptions.
Thanks Sreekanth for answering to my query.
Hello Sree , thanks for your time for such a candid clear Information’s . I have switched my job and am a continues service member of EPF+pension scheme from last +5 years so now I would like to withdraw my PF+pension. here are my queries below .
1) PF office accept new UAN based PF and Pension forms or not if yes could you pls share the forms pls .
2) As I mentioned above do I need to fill form 15G as I have +5year of PF if yes is their any 15G form available with easy format kindly share.
3) Apart from that am I entitle to withdrawn complete amount of my PF+Pension or is their any hidden part available during withdrawn . I have everything updated in my UAN (Adhar,bank account ) and approved via employer .
4) Can I send the form via speed post or courier to regional PF office or only from post .
I am waiting for your reply to speed up my process .
Kindly advise please .
regards ,
Piyush Sharma
Dear Piyush,
1 – If you have joined a new organization and continuing with EPF scheme, then you can not withdraw PF balance, you have to transfer the old EPF a/c monies to the new PF a/c.
As requested : New EPF Withdrawal Forms – Form 19 UAN, Form 10C UAN & Form 31 UAN
2 – It is not required. But looks like the EPFO/ employers are collecting Form 15G from everyone.
3 – If unemployed for min 60 days, you can withdraw full PF balance and EPS too.
4 – Speed post.
Hi srikanth
This is Praveen i have a doubt regarding my EPF withdrawal could u please help me. My query is I worked 2.4 years sal 3laks/anum ,I resigned my job 2months back am not doing anything now and not filed any IT returns till and there is no investment to me now I would like to withdrawal my EPF amount was 50k so should I need to submit 15G
Dear Praveen,
May not be required. But I believe that employers/EPFO is asking for Form 15G from all the applicant.
I JOINED IN 16-08-2011 TO 30-04-2012 I LEFT ,After i joined another organsation sep-1-2012 first organsation pf amount transferred to new pf account sep-30-2016 leaving the company can i withdrawn pf amount
Dear balaa..If you are employed and contributing to EPF scheme, you can’t withdraw full PF balance.
Read: EPF partial withdrawal rules..
Hello Srikanth,
Need your help to fill form 15G using UAN. On April 2016 i moved to onsite and now i’m planning to withdraw my PF and VPF. total amount is around 300000 and i invested some amount in shares and received dividend around 1000. can you please guide me to fill the form from section 22 to 24 and requesting you to confirm whether i need to fill PART II or not. Thanks in advance.
Dear Sarath,
Kindly note that dividend income is a tax-free income.
No need to fill Part-2.
Kindly read:
New EPF withdrawal forms.
EPF withdrawals & TDS rules.
Dear sir,
Thanks a lot your suggest has helped me a lot.Sir i have one query even i need some suggestion also sir i have two bank account one is in HDFC(Saving) and other is in Kotak(salaried) last yr my saving account was salaried account means only one account but from this yr i am having two account one is saving and another is salaried so my question is i am having home loan and my emi is deducting from saving account last yr form 16 was from my saving account but from this yr form 16 will be given from salaried account i.e Kotak even tds also sir i am planning to open Recurring deposit of Rs.6000/- sir but i am confuse from which account i should open to Recurring deposit either from Saving or Salaried account which will be helpful for me while filing income tax.As i studied about form15G/H so please tell me in which i should open Recurring deposit.
Dear Samina,
It does not make any difference in which account you open RD. The interest income from RD is taxable.
So, opt for RD which offers your higher interest rate.
Kindly read: RDs/FDs – tax implications.
Hi Sir ,
I have worked 3.5 yrs and my package was 1,90,000 per annum
so i want to windraw my ammout
should 15g form necessory to fill?
Dear Lokesh..If you do not have any other source of income then Form 15G is not required.
But as per my observation, EPFO/employers are asking for Form 15G in all cases.
Hi Sir… I worked for an org for 3yrs and now i would like to withdraw my pf amt. My CTC is around 2,78,000 and i dont have any investments. Please help me in filling the form 15g. I dont understand the tax part. there was some deduction in salary under professional tax. I have read all the comments so that i can understand if there is a similar scenario. I cldnt relate it to anything.
Dear Rashmi..If you have not file income tax return earlier and do not have any other income in FY 2016-17, then you can mention the col 16 & 17 as EPF amounts only. May I know if you have any other specific queries?
Thanks for your response sir. In that case, 15 will be “No”. I received the message stating PF bal as
EE 17357, ER 5352 as on 31.03.2015. So, should I mention the total amt? What will go in col 18 and 19.
Dear Rashmi,
15 – No.
16 – total expected EPF balance.
17 – ,, ,, (if no other income in FY 2016-17).
18 – If not filed Form 15G for other purposes then BLANK.
19 – BLANK if no other interest income.
Thank you so much sir… keep up the good work. wish you good luck.
Hi Sir,
I have send my pf Documents form-19,Form-10c to my regional PF office , But they Credit my pension amount only ,afterthat i kew why they reject my 19 form due to 15g form, But in order to send the 15g form i filled total part-1, but i could not make start anything in part-2. shall i send i the documents by post which part -2 is nothing to write!!! please clarify me that part -2 only . is it required to fill or send it as empty along with the documents?
thank u sir.
Regards
Seshu.K
Dear Seshu..Part-2 can be left blank. It will be filled by the EPFO.
I all really thankful to ur valuble replay.thak u so much srikanth sir
helllo sir,
i an not paying tax but m company has said that i have to fill the 15g. can u tell me how to fill form 15G
Hi,
I am going to withdraw my PF amount from Previous org. I have filled all the forms (19, 10C and 15G). I am having one querry related to form 15G. At point no. 16 we have to write estimated income for which we are filling up the form. Shall i write the approx amount of my PF or what and what about point no. 17. Pls. help.
Regards,
Ravi
Dear Ravinder,
16 – Yes, EPF balance amount.
17 – EPF amount + any other expected income.
Hi Sir,
i have worked for a company for 2 years(2014-2016). now am planning to withdraw my PF. my previous company asked for 15g form as well. i have filed tax for this year as well. (2016-17). do i need to provide 2 15g forms for 2 years or only one is enough.
also do i need to mention the tax details of 2016-17 year tax what i filed tax recently??
please help me with this.
Dear sandeep,
One form 15G for this FY 2016-17 can be submitted. You can provide details of your last AY ITR.
Dear Sir ,
I am working in pvt organisation earning 3 lakh p.a I have two rd accounts one getting matured this year on october month getting interest of ₹ 12402 and another maturing on 14 jun 2018 with interest of ₹ 30000 on maturity.I want to go for a FD of ₹ 1 lakh for ten years ,getting interest of ₹ 1 lakh on it . Do I need to submit form 15G to bank after opening .if yes then how.please assist me as soon as possible
Dear NAVEEN ..If your income is below taxable limit you can submit Form 15G.
Hi Sir, I worked in a company in the duration 2009 to 2010 (exactly 1 year) and even the pf amount is less than 4k. I m trying to withdraw but got rejected asking form 15G. Im finding difficulty to fill . First of all whether i need to fill part 1 or part 2? And what about No.16,17,18,19
Dear Ramesh ..Part-1 should be filled by you. Kindly go through above article and other blog comments to get more info.
Hi,
I am planning to apply for PF withdrawal using the UAN based method. But I also need to submit ‘Form 15G’ as the job duration was less than 5 years.But I noticed that the form 15G has a part 2 which is supposed to be filled by the employer.So do I have to follow the old method or is there any other way?Kindly suggest.
Also I have came across two types of form 15g. The part 1 has 19 sections in one and 24 sections in the other .Which one should be used?
Dear Ritinkar,
Part-2 is to be filled by the EPFO (in your case). I believe that the above Form 15G document can be submitted.
Hi sir
I hav resigned my old job and I hav to withdraw my full pf amount Epf+EPS. ACCORDING to uan passbook employee contribution +employers contribution = 158000 approx and 33000 approx in pension schem. As I hav submitted both from 19 and 10c. But what amount should I fill in column 16 of from 15G. 158000 or (158000+33000). And what amount will be in colum 17 as I am getting my salary 26000 p/m in new organisation. I hav no FDs in any bank.
Dear Mahesh Ji,
Its Rs 1,58,000.
Col 17 EPF amount + expected annual salary + other interest income (if any).
Are you contributing to EPF scheme in the new org?
Thanks for reply sir, No sir no contribution of epf in new org. But if in colum 17 I will fill my expected annual salary + epf amount it will cross the limit 2.5 lakh. Then? Plz suggest.
Dear M Mahesh ..Then in that case Form 15G is not applicable.
Hi Sreekanth
Hope you are doing fine!
I need a help from you, I have sent my application twice to PF office duly filled but it is returned with the covering letter says the 15G form is not properly filled. I find difficulties to fill the form correctly for the below reasons.
I worked in a company in India for two years period (2011 to 2013) after i went abroad, now am claiming the pf amount after getting approval from the company. the company officials has asked me to submit the 15G form (note that the form is new one)
now i am unemployed since dec’15, i have mutual fund value just 5500 Rs, shares value of 3lakhs, no fixed deposits, have LIC and no withdrawl made. please advice me whether am eligible to submit for 15G or not
Dear Milan ..Kindly refer to our FB chat.
Hi Srikanth
I have a same query like Milan. I an working in abroad on resident visa for last three years. I wanted to claim my PF amount and my ex company requested to fill form 15g where I worked there for 4.5 years. Can you please let me know the details I need to fill in the Form 15g. I do not have any mutual funds or shares. I just have a FD account in India and no other income in India.
Dear Ramesh,
In your case, col 16 is your expected EPF withdrawal amount and in col 17 total expected income in FY 2016-17 (EPF + FD income) can be filled.
Hello Sreekanth,
I need some help from you. Am confused with some of the income tax jargons in form 15-G.
I worked for a company for six months form feb 2015 to august 2015 and my earning was around 15k per month. And now I want to apply for PF. I would like to know how should I go about filling the form , especially what amount should I mention in field 16,17 and 19 ( column 3 and 4 ) .
Thanks,
Dear Sitlhou,
16 – Your EPF amount.
17 – EPF amount + any other expected income like interest on FDs etc.,
19 – Details about other income.
Hi sreekanth,
How will fill the form15g part2. Should i make any signature of 15g part 2 page the column of signature of person responsible paying income? Please clarify. Thanks in advance
Dear ganesaselvam ..Kindly note that it is to be signed by the institution or company responsible for paying you the income. For example – Bank.
Hello Srikanth Reddy,
I would need your suggestion very urgently. Kindly help me.
I would like to withdraw my PF before 5 years and I don’t have any investments also to mention in 15G. Could you please tell me how much the tax deduction will be on my PF amount 370000. Kindly suggest
Dear Srinath ..Kindly go through this article : EPF withdrawals & new TDS rules.
Also, kindly note that no tds does not mean no tax liability.
EPF balance if withdrawn before 5 years, is a taxable amount.
i submitted pf withdrawal form with form 15g but there is a mistake in filling years in form 15g so i want to know that there is a problem in withdrawal or not
Dear sonu ..If EPFO rejects the form then you may re-submit it.
I have deposits in SB I Dahisar inSenior Citizen savings Scheme. Hither to I used to give 15 H form to the bank As the interest income is more than Rs 10000/- I am 86 yrs old and my yearly income is less than Rs 500000/- once the form 15H is given at the beggining of F/Y what ever Deposits are made during that F /Y are automaticaly included by the bank in the form that is given at the begining of FY and no need of giving form 15H every time That was the procedureIn june 2016 I made further deposit in the same account. When the bank credited qtly interest to my a/c I found that they have deducted TDS and a new form 15 H was prepared by the bank for me and I was given acknowledgement and was told that every quarter this procedure will be adopted and I will have to file IT return and obtain the refund
Will you pl clarify.according to me this wrong interpretation. this procedure nullifies the use of Form15H
Dear Madhukar,
Submitting of Form 15G/H can be done at the beginning of the financial year and these forms are valid for one financial year. However, banks have to issue Quarterly TDS statements (if any) to the account holders.
Kindly ask your banker if your form 15Hs are valid for one year or not??
Hello Srikanth,
I have not no investments in Form 15G 22 field, do I need to fill PART II even if no investment mentioned. Please confirm.
Thanks,
Arj
Dear ARJ..not required.
My father is coming under Super senior citizens category. Retired Government servent. Having pension 3.5 lakhes par year approximately. Age 80 and above are exampted from TDS up to 5 lakhes. Pension amount is included in this 5 lakhes limits?
Investment maid in the name of my mother is also illegible for another 3 lakhs exemption?
How to calculate interest from so many FD’s in different bank and at some FD’s with private company?
Dear Mukul ..You can request for bank statements & also tds certificates (if any) from the bankers.
Hi Sreekanth,
Great post!
I have a query regarding my pf withdrawal. Details are as follows:
1) Less than 5 years of total service
2)Pf withdrawal amount is greater than 2.5 lacs
3)No income for the upcoming year except the pf withdrawal
Would 15G be applicable for me?
Thanks
Dear Nikhil,
Kindly read: EPF withdrawals & new tds rules.
Hi Sreekanth,
I am planning to withdraw my PF amount. Currently I am not working since Sep 2015 and don’t have plans to work further.
I have 5+ years of service with 2 private companies.
a) Aug 2010 – Dec 2014
b) Jan 2015 – Aug 2015
My 1st PF account is transferred to 2nd PF account. I am planning to withdraw my PF amount.
I have been asked to fill Form 15G.
I have filed my IT returns for the AY 2016-17.
My source of income for this financial year 2016-17 is my EPF Withdrawal (more than 5 lakh) and interests from FDs (around 30,000).
Please clarify the below points which is in form 15 G. What should I fill for these points?
-15 (a) Whether assessed to tax under the Yes No
Income-tax Act, 19615
(b) If yes, latest assessment year for which assessed
– 16 . Estimated income for which this declaration is made
– 17 . Estimated total income of the P.Y. in which income mentioned in column 16 to be included
Thanks in advance.
Suma
Dear Suma,
Based on the data, Form 15G is not required to be submitted.
But employers are asking for Form 15Gs from all the applicants.
15 a – yes.
b – AY 2016-17.
16 – EPF income
17 – Total income (EPF + other income)
hi Shree,
I have worked 4.7 years in my previous company and left the company on 12 May 2016 . Also the tax for 2015-2016 has been deducted , i have not filed for the return , i need to ask do i need to submit the 15 G form for PF withdrawal. Also i do not have any tax savings accounts .Please suggest
Dear Amber,
Suggest you to kindly file your income tax return for FY 2015-16 (AY 2016-17).
If your expected income is below basic exemption limit in FY 2016-17, you can submit Form 15G.
But i have observed that most of the employers are asking for From 15Gs irrespective of the eligibility.
Dear Sir,
I have worked in 2 private company for continuous 3 years 1st organization and 7 month 2nd organization and have resigned from the last organizationon 17 July 2016. My total pf amounts: 62640
Please suggest Can I fill 15G Form or not. please help me.
Dear Malkit ..It depends on your estimated income (other sources) for the remaining part of 2016-17 Financial Year.
Dear, Sreekanth Thank you for your valuable comments. Carry on good work,grow Big.
I am 62.Still working in a private co.with approx. Rs150000.yrly. last june2016 i”ve done a 2yrs.FD of RS.850000. interest getting Rs65000. Is 15H for me and how fill coloumn 15 and 16,please help.
Dear tapas Ji,
Col 15 – You can mention the estimated FD income for FY 2016-17.
Col 16 is your total estimated income for fY 2016-17 (Rs 1.5 Lakh + interest income for Fy 2016-17).
Dear Sreekanth, I am Tapas Kumar Sinha again.Appo. to my earlier letter I have redone the 2years FD to a 5 years FD [a Central Govt. Scheme.]As I have been told.with a quarterly interest Rs. 18300. Should I Fill the col15 totol interest for the year ie. Rs732oo or only 18300.?t
Dear tapas,
Assuming you are referring to Form 15H, you can declare total interest receivable from the FD for FY 2016-17.
Hi Sreekanth,
i am confused about what to fill in 15,16,17,18 & columns of latest Form15G. Let me give you some background, i worked for a company from Dec 2010 till 21st Mar 2016. Last time i filed my IT returns is in 2015 for AY 2015-16., i am yet to file my it returns for 2016. Now i want to withdraw my PF amount which could be around 2 lacs. I dont have any income from April 2016. No FDs and nothing. Do i need to fill
1) Column 15 (a): Yes, 15 (b): 2015-16
2) Column 16: 2 lacs(PF amount)
3) Column 17: 2 Lacs
4) Column 18 (a): 0
5) Column 18 (b): 2 lacs
6) Column 19: None
Thanks for your valuable time.
Dear RajMohan,
The tax filing is applicable for AY 2016-17 (FY 2015-16).
If you withdraw EPF amount now, its applicable for AY 2017-18 (FY 2016-17).
Hi Sreekanth,
How about other fields? are they ok?
Hi,
My friend is earning taxable income and he is paying tax too. Now he wants to withdraw his PF but he has not completed 5 years service in that particular company. As per new PF rules, TDS can be deductible if the person served less than 5 years and Form 15G/H can be submitted to avail TDS exclusion in this scenario. My question is whether he can submit form 15G for availing this benefit while PF withdrawal since he is earning taxable income. Kindly clarify
Dear Ram,
Ideally, he can not submit Form 15G.
But, looks like the EPFO/employer may ask for Form 15G irrespective of the eligibility.
Hi Srikanth,
I worked two years for private organization and resigned the job , My last working day 7 th June 2016 and planning to immigrate by to mid of august
– Possible to withdraw my full PF amount ( Employee and Employer ) ?
– will there be any deduction due to my immigration ?
Please clarify the below points which is in form 15 G
15 (a) Whether assessed to tax under the Yes No
Income-tax Act, 19615
(b) If yes, latest assessment year for which assessed
– 16 . Estimated income for which this declaration is made
– 17 . Estimated total income of the P.Y. in which income mentioned in column 16 to be included
Dear Peter,
Yes you can withdraw full PF balance.
TDS will be deducted (not because of migration thing) but service period is less than 5 year.
Read : EPF withdrawals & new TDS rules.
Dear Sreenath,
Your articles are very helpful. Thank you for taking the time in educating people on delicate yet important matters like PF and investments.
I have the following question:
Scenario: I am currently serving notice period with my current IT employer where I have worked here for 9.7Y and my last date is Jul 30, 2016.
I want to withdraw my PF as I am going to be in need of a few Lakhs in the coming 2 m0nths.
However, my employer policy on PF withdrawal are as follows:
1) Migration to abroad
2) retirement at or after 58Y of age
3) Retirement due to permanent disability
Question:
1) Will I be able to withdraw my PF?
2) If yes, can I withdraw fully or partial?
3) If partial what % can I withdraw?
4) Should I attempt to withdraw my PF after leaving my current employer, directly thru EPF office?
5) Should I then need to create a new PF account with my new employer who I am going to join starting 1 Aug 2016?
Thanks in advance for any information you can provide to help my situation here.
Sincerely,
Sushant.
Dear Sushant,
As you are going to join new company and contribute to EPF scheme again, you HAVE to transfer your current EPF a/c monies to new EPF ac.
Once you transfer the funds, you can make partial withdrawals.
Read: EPF partial withdrawals rules.
Hi , Sreekanth ,
i was employed with an organisation till November 2015 and now am not planing to continue job in india , i have done my IT returns (2016-17) there i suppose to get INR 8000 as refund am i eligible to fill form 15 G ?
i have updated all KYC details and approved from my previous company and when i check the balance at my PF account is around 190000. i may be getting around 5000 or less from my saving accounts as interest and 8000 from IT as refund do i need to mention those amount any where in my 15 G ? am having the form 15 G with three pages .
regards
Dear Sanish,
Eligibility for Form 15G is dependent on the total taxable income. Based on the info you have shared, you can submit form 15G.
Kindly read:
New Form 15G template..
EPS withdrawals & new TDS rules.
New EPF withdrawal forms.
Hi Sree , I can see that there are two different 15G forms available on different sites. One is the one available in ur site which has 2 pages and the another one has 3 pages which briefly given the columns for different types of incomes , I.e income on shares , interest , security etc. Please advise which one is correct/revised.
Dear Jamaludeen ..I believe the one with 3 pages is the old version.
Hello sir
Suppose i am filling 15 g form in april month then how would i know the total income of the current year if i make fd in a month after april
Thanks in advance
Dear yashasvi,
Kindly note that Form 15G is only based on the expected income. It does not mean that one can escape from tax liability (if any).
Kindly read: TDS & Misconceptions.
Dear Reddy, I have a salary of Rs. 3.10 Lacs. Can I fill 15G Form? All my deductions make the taxable income upto Rs. 2.50 Lacs.
Dear Mayank..Yes you can (assuming you do not have any other interest income above basic exemption limit).
Thank You for prompt reply. Consider the second case.
A person earns Interest of Rs. 20,000 from FD’s and his annual income is Rs. 4.5 Lacs and deductions of Rs. 1.80 Lacs. Can he fill 15G Form?
Dear Mayank ..No in this case.
Hi Shreekanth , after working for 5.5 years in a company I apllied for pf withdrawal in march 2016 but pf office has rejected my form saying that form 15G is required. As per the procedure if we withdraw our pf after 5 years then 15G is not required then why are they asking this ? I am in chennai and pf account is in Maharashtra pf office. I can’t even approach them directly. Please advice what to do ? If the 15G is mandatory then advice wat to fill in part 1. I don’t have any other income apart from salary , so shall I leave it blank ?
Dear Jamaludeen..Are you employed and contributing to EPF again now?
Yes, even I have noticed that EPFO has been asking for Form15G from all the employees who wish to withdraw PF. It is better you just submit the form 15G.
Are your KYC (UAN) details approved? If so you can submit the new EPF Withdrawal forms along with PAN card copy, cancelled cheque & Form15G (filled) to EPFO directly.
Thanks for ur info. Yes I’m working in another company and contributing to pf .
Dear Jamaludeen..In such a case, suggest you to TRANSFER your old PF money to new EPF a/c.
Thanks Sree but i am in need of money tats y iam withdrawing ?May I know why I have to transfer my pf to new pf acc ? Is thr any specific reason ?
Hai dear all.
I have a query regarding 15g and 15 h same and if i dont have pan card how to fill the form ?guys i need help from you side asap
NO , ONLY A PERSON HOLDING PAN CARD CAN DO IT
Dear Sreekanth,
can we submitt 15G form by self or I have to take it from Bank.
Dear Sreekant,
I want to settle my EPF account and withdraw my funds. I have worked 2 years for a Company left the Job on 2014. Break up of my EPF balance is mention below:
Employee Share: 35,235
Employer Share: 10,796
Pension Contribution: 19,962
Do I need to submit form 15G with form 19 and 10C?
Please advise.
Thanks,
Rahul Singh
Dear Rahul..EPFO / employers are requesting for Form 15G along with the withdrawal forms (though in some cases it is not required). So suggest you to submit it.
Hi Sreekanth,
I am planning to withdraw my PF amount. Currently I am not working since July 2015 and don’t have plans to work further. I don’t have 5 years of service(2012-2015) and my pf amount is greater than 50,000. I got to know that I have to fill Form 15G for my PF withdrawal(Service 50,000). My only source of income for this financial year 2016-17 is my EPF Withdrawal.
1) In this case, by whom PART 2 in Form 15G will be filled?
2) Is it enough if I fill Part 1 alone and submit it in EPFO office along with other documents for my PF withdrawal?
Thanks in advance,
Sowmya
Dear Sowmya..You may leave it blank.
Hi Sreekanth,
I have 6+ years of experience with 3 IT Companies
a) 2008- 2009
b) 2009-2010
c) 2010-2014(Till 31 Dec)
I have 3 PF account numbers now and the first PF account is not transferred to 2nd or 3rd. But 2nd pf account is transferred to 3rd PF account.
I am planning to withdraw 2nd and 3rd PF balance from EPFO, RO Office.
1) In the above case, is TDS 10% applicable for my PF withdrawal? Do I need to Submit 15G to avoid tax?
2) In UAN based Form 10C, Date of Joining (DOJ) means Latest company DOJ or 2nd company DOJ as I am withdrawing 2nd & 3rd?
Thank you in advance. Please do the needful.
Kind Regards
Andy
Dear Andy,
If your total experience from 2009 to 2014 (2nd to 3rd) is 5 or above 5 years, no TDS is deductible. In your case Form 15G may not be applicable, however your employer may ask for one.
Are you currently employed and contributing to EPF scheme.
Kindly note that your first EPF ac (2008-09) would have become in-opearative one.
Read:
How to consolidate multiple old EPF accounts?
Inoperative EPF a/c helpdesk.
EPF withdrawals & new TDS rules.
Thank you Sreekanth for the quick reply.
I have 5 years of experience in total just by clubbing my 2nd and 3rd company. I am not currently employed in India (from Jan 2015).
I also tried linking my old PF account number (1st company) in UAN. The only concern I have is, it is not displaying DOJ and DOE but rest of the details like my name and company name and PF number it is displayed with status as “Linked BY Memeber”.
1) Having said the above, Is my 1st PF account linked properly ? as it is not displaying the DOJ and DOE?
2) If 1st PF a/c is linked properly, then will one withdrawal is enough (using UAN based forms 10c,19 ) for all 3 PF amounts (at 3rd PF , EPFO, RO, PUNE office) ?
UAN linking with 3 PF accounts and statuses as follows
1) 3rd PF a/c one is linkedin BY employer and KYC verified by employer
2) 2nd PF a/c is linked by member but transferred successfully to 3rd PF a/c and the entry is also showing in my UAN a/c with amount.
3) 1st PF a/c is linked by member but transfer is not done. Still with EPFO, RO, Chennai.
Please suggest me the best way to withdraw as 31 JUL 2016 is the deadline for FULL PF withdrawal. I would like with draw ALL my PF accounts money (1st PF and 2,3rd PF amounts)
Best Regards
Andy
Dear Andy,
1 – Probably your ex-employer might not have shared the details (DOJ & Date of exit) with the EPFO.
2 – If you have not transferred the first PF funds then suggest you to consolidate all old PF accounts.Use One Employee – One EPF Account online facility, epfo will help you.
3 – Use above online facility.
Kindly note that the new withdrawal rules have been scrapped. There is no dead-line as such.
Thank you Sreekanth
I have expected interest income of Rs.4.70 lacs during the FY 2016-17 and have no other income. If I invest Rs.1.20 lacs in PPF etc, there will be no tax on ,y income during the current year 2016-17. I am a senior citizen aged 66 years. Whether I can file form 15H with the Bank from wbere I a, getting interest. Kindly guide
Dear SAROJ..Yes you can submit form 15H.
Hi Sreekanth,
I was working in India from 2011 to march 2015 and then moved to middle east. Last month, i tried to withdraw my PF and went to submit the form 19C and 10C but the EPF officer did not accepted my from and was asking for form 15G. I understand that form 13G cannot be filled by NRI. I have following questions:
1. Can I fill form 15G?
2. If not, how much deduction will be made?
3. If i fill form 15G and mention residential status as NRI, would that be acceptable?
Thanks in advance
Dear Alam,
I agree with you and have also observed that employers & EPFO have been asking for Form 15G from almost everyone, even if they are receiving salaries which are more than the basic exemption limit (income tax slab).
Suggest you to submit Form 15G and do mention that you are an NRI.
Read:
EPF withdrawals & new TDS rules.
Sir I have doubt regarding columns 16,17,18 ,19 related to deposits ( FD,Rd,) please explain me
DEAR SIR,
I have resigned from private company and joined in govt sector can i transfer from old employer to new employer having UAN number also( somebody said transfer is not possible from private to govt ) what i have to do.
Dear gowtham..Are you contributing to EPF or NPS Scheme now?
hello sir, I am a banker and quite confused in this regard.
Suppose somebody has an FDR maturing on 7/7/2016. His interest income from April 1 till July 7 is say 5000 Rs.
Now, in estimated column, do I need to mention Rs 5000? However I do not know if that person will renew his FDR on July 7. If that happens, his total income may become 20000 for an FDR till March 31, 2017. So what do I need to mention ? Sir.
Dear Sanamdeep,
You may have to get the information form the concerned person if he/she is willing to renew the FDR and accordingly provide the information in Form15G/H..
My mother has some fds on her name. She is above 60 yrs and has no other source of income. How to fill form 15 h in this case. Is there any sample available?
Dear Pras..Kindly go through the article, have provided almost all the required information.
Hi Sreekanth, I resigned from my company in April 2015 and am withdrawing the PF. I need help in filling section 22 (tick boxes) and section 23 (estimated total income of previous year in which income mentioned in column 22 is to be included”. I will give some background:
1. I was a salaried employee in private sector and resigned in April 2015. Total salary received from 1 April 2015 till last working day is approx 1.5 lakh
2. I did not take up any job till 31 march 2016
3. Only source of income was salary
4. I have FDs but maturity date is after 31 march 2016, and the FDs are of “yearly interest payout” types – so no interest was deposited in FD accounts till 31 march 2015
5. I did not receive any interest from shares/securitues/mutual funds etc.
6. My PF balance (Employer + Employee contribution) is approx 1.22 lakh
Please let me know if i need to tick any boxes in section 22.
Also let me know if estimated PF withdrawal amount is to be included along with salary income in section 23?
Dear Verma..Are you referring to new Form 15G form? There are no col 22/23 ??
Hi Sreekanth, you can provide your views for section 16, 17 and 19 of the form mentioned in your post using the background information I have provided. I am filling this form to withdraw my PF.
Dear Verma..
16 – your EPF withdrawal amount
17 – total expected income (Salary + EPF balance + other income if any)
19 – may not be applicable in your case as you do not have any other income.
I want withdraw my PF amount. My previous employment in previous company form sept-2012 to Nov-2014. Now I am working in another company. I don’t have any other income.
Could you please tell how to fill form 15-G, Sl.No-15 to 21.
Sl. No. – 17 – total expected income (Salary + EPF balance + other income if
any) how to calculate the salary amount.
Could you please advise me as soon as possible.
Dear chithiraikani,
If you are working in another company and contributing to EPF scheme, kindly note you can not withdraw pf balance, you can only transfer it to your new EPF a/c.
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.
what is mean by (Point no-18) Details of Form no- 15 G other than this form filed during the previous year, If any….
please guide us.
Dear Ratnamala.., Total amount of income for which Form 15G have been filled in this year have to be provided.
what is mean of difference in estimated income & aggregate amount of income
Dear all,
I have a query regarding 15g part2 which was required to be filled by the person responsible for paying the income.
Coming to the query which I have, suppose a bank is redeeming it’s bondholders and the redemption process is done by rti agents and if investor submitted 15g along with other other forms. Part1 of 15g is filled by the investor and submitted to rtiagent for redemption. In this case, who is required to fill part2.
Dear Bhuvaneshwari..Whoever is the deductor of TDS.
DEAR SIR,
I Understand from the law that employer needs to intimate quarterly declarations received from the employees
a) (i need to know where will this uin come from ,
b) is it fine to receive manual declarations from employees and employer fills online (Form 15H)???
c)
Dear Rashmi..I am not aware of EMPLOYER side guidelines.
Hi
I want take my PF amount back but PF office asking 15G what 15G, is it mandatory?
I have only 50000 amount
is it required to attach the 15G and I dont have PAN No. what I should do.
Pl help me.
Kumar
Dear kumar..It depends on your other sources of income too for the given financial year. Suggest you to apply for PAN at the earliest, its better to have one.
In new Form 15H, with respect to current FY i.e., 2016-2017, does “previous year” in column 17 refer to 2015-2016 or 2016-2017?
Dear Shankar..Its the FY in which you are submitting the Form 15G/H (2016-17).
Thanks!!!
In estimating the income for the year while submitting form 15G, should we take into consideration the interest earned in PPFF account also? No withdrawal is anticipated.
Thanks in advance
Dear Sudha..If amount is not being withdrawn then I believe there is no need to include in the estimated income for a given FY.
One more thing ,. I heard if PF withdrawal is more than 3,00,000 then they wont accept 15g, any solution for this ?
Does this mean i wont get my pf money back ?
Regards
Prasanth
Dear Prasanth,
You will get your PF balance but can be subject to TDS.
Kindly go through below articles;
EPF withdrawals & new TDS rules.
TDS & misconceptions.
You need to mention total PF withdrawal amount and in col-17, you have to provide total expected income (pf withdrawal + other interest income etc)
Hi ,
First thanks for excellent post.
I am planning to withdraw my PF, do I need to mentioned only Interest income on PF (however I dont know how to caluclate it , but i know my entire pf balance). In 17 col, do i need to mention gross total income of current year ?
Please help me
Best Regards
Prasanth
Need to know what to fill in columns 15 to columns 18 for Form 15H. Assume that am filing up the form for a Company FD for Rs. 200000 @ 9% p.a. for FY 2016-17 and have total FD’s (10 of them) of other companies worth Rs. 20 L from previous years @ 9.5% average interest p.a.
On this basis pls. illustrate what comes in these columns.
Regards,
Dear Lana,
Col 15 – interest income on Rs 2 Lakh
16 – Total income of all FDs (including the col 15 income).
17 – In case any declaration(s) in Form No. 15G is filed before filing this declaration during the previous year, mention the total number of such Form No. 15G filed along with the aggregate amount of income for which said declaration(s) have been filed.
Hi.
15G form submission is for 2016-2017 or 2015-2016 financial year?
Thanks
ram
Dear Ram..If you are submitting now, the applicable Financial Year would be 2016-17 .
SIR PLEASE EXPLAIN WHY THE AMOUNT I.E. GROSS TOTAL INCOME IS TO BE MENTIONED IN COLUMN NO 17 OF FORM NO 15GH, WHEREAS THE MEANING OF TOTAL INCOME AS PER INCOMETAX ACT 1961 IS THE GTI MINUS DEDUCTION UNDER SECTION CHAPTER VI OF THE ACT?
Shall you send or post the new format of form 15G & H in PDF
Hi Sreekanth,
My annual income was >6L pa during 2015-16 assessment year and I left job in Feb’16 due to some personal reasons(4years 11M). Now I’m looking to withdraw my PF along with pension fund upon completion of 60days.
My UAN is updated with bank & PAN details. I understood after reading your comments that, I could use UAN updated forms of 19 & 10c.Am I right?
Do I need to complete form 15G? If yes, please let us know, till what income limit can apply 15G. Hope this helps many.
Regards,
Raju V
Dear Raju V,
I guess it is 2015-16 Financial Year?
Is Aadhaar number seeded to your UAN? If yes, you can submit new UAN based EPF withdrawal forms directly to th EPFO.
Form 15 G is required to be submitted, if your expected total income (including EPF withdrawal amount) is less than basic exemption limit and if the net total income (after tax deductions) is less than basic exemption limit.
But what has been observed is that, EPFO is asking for completed Form 15G from all the EPF subscribers along with the withdrawal claim forms.
Read:
EPf withdrawal & new TDS rules.
How to fill Form 15G?
Hi Srikanth,
Thanks for your response. I have not updated adhaar details in UAN portal. however, pan, passport and bank details updated. Is adhaar mandatory?
Also please confirm, in form 15G box 3 ‘status’ what exactly I should write (be specific). please tell me in simple English instead of tax workings. I read in the same portal but not clear.
Regards,
Raju V
Hi Sree,
One more quick update, today I tried to submit form 15G through net banking of salary account and got message “customer is not eligible”. I would be fine for 10% deduction on withdrawal. any ways my pan is updated. Any comments?
Regards,
Raju V
Sir My Total Income (From Salary 180000 + From Interest 120000) = 300000 After deduction of PF & LIC Premium of Rs 100000 Taxable Income is 200000.Please advise me I am eligible or Not Eligible to file Form 15G for exemption of Tds on Interest.
Dear Sandeep ..As your gross income is above basic exemption limit, you may not be eligible to submit Form 15G.
SIR MY TAXABLE INCOME IS TAX FREE.IN CASE IF I NOT FILE FORM 15G I HAVE TO APPLY FOR REFUND CLAIM WHICH IS DEDUCTED BY BANK ON MY INTEREST
Dear Sandeep..Yes, you can file ITR and can claim refund of TDS (if any).
Pl clarify colum 15 a and b .if return filed for last year assesed also with no tax paid , should I say yes or no colum 15a .interest to be earn on bank ffd during 2016 2017 should be mention in 16 and 17 col.
Dear suresh..Kindly mention it as YES.
col 16 – Interest income from FD & Co 17 – Total estimated income.
Please ignore the above query.
the correct query is:
As an example, a Sr. Citizen fills Form 15H for FY 2016-17 at the start of FY 16-17. He has planning to invest Rs. 1.5 Lakh under Section 80C in FY 16-17. He has interest income from FD Rs. 4 Lakh in FY 16-17. What is the amount that should be filled in Column 17, Rs. 4 Lakh or 4 – 1.5 = 2.5 Lakh?
The person have FDs in 5 other banks. He has filled 5 Form 15H in those 5 other banks. What shall be written in Column 18 Part 1 and Part 2?
Dear Dhiraj..It is Rs 4 Lakh. Part 2 is to be filled by the banker (TDS deductor).
Part1, field 18 : Total amount of income for which Form 15Gs have been filled in this year.
my estimated total income for the year 2015-2016 is Rs.280000.can i file 15g form.
SIR ,
I AM PAYING QUARTERLY INTEREST TO MY LENDER AND HE HAS GIVEN 15G TO ME AND SAME
WAS SUBMITTED BY ME IN THE MONTH OF APRIL2015 . SO NOW I AM PAYING INTEREST FOR
4 TH QUARTER OF 2016-17. SO WHETHER I HAVE TO TAKE NEW 15G FROM MY LENDER OR SHOULD
I GIVE UNIQUE IDENTIFICATION NUMBER TO OLD 15G WHICH IS ALREADY SUBMITTED IN INCOME
TAX IN APRIL15
Dear AMIT..You have to submit a new one.
Hi
Iam applying for my pf withdrawl.Ineed help in filling my form 15h.
I did not file tax for the year 2013-2014. I have been living in USA since 2015.
How can I fill details in 15h regarding my address details,assessment years .columns 16,17,18,19 it is asked to fill exact amount,but I can I know pf amount .
Dear Suresh..You can know your EPF balance by just sending one SMS..
Dear Sit
The total estimated income of my mother for the current FY is Rs.6.40 lakh All from interest from Bank’s Fixed Deposit. no other income. Intended to save Rs.1.50 lakh under 80 C . Hence net income will become Rs.4.90 lakh. Being Super Senior, tax need not be paid upto Rs.5 lakh. Pls clarify whether she is eligible to file 15 H for non deduction of tax
Dear Sampath..You need to consider ‘gross income’ and not after tax deductions.
Dear Sir,
Do I have to add my other income (i.e Salary ) along with my FD interest, in column 17 Estimated total income of 15G form ?
Dear Prashant..Yes.
what if the deductor(bank) accepts form 15G/H from a customer whose interest income does not exceed 10000?
Dear shreya..Not an issue.
I am little bit confuse in section 16 and 17 as-
(16)Estimate Income for which declaration is made &
(17) Estimate Total Income of the PY in which income mentioned in common 16 to be made.
If I have a FD of 100000 Rs and I got interest on it of 9000/- Rs.Then what Should I fill in these two column.
Dear Ankit,
16 – Rs 9,000.
17 – If you do not have any other income then Rs 9,000 Else Rs 9k + other income.
1. My mother aged 90 years is having fixed deposits in 3 different banks.
2. Her total expected income from all the FDs for the Current year(2016-17) is expected to be Rs. 6.3 lakhs.
3. Can she claim exemption from TDS on interest income by submitting forms 15 H to the banks. Because 6.3 lakhs is less than total exemption allowed to her – She being a Super Senior Citizen (Exempt income Rs. 5 Lakhs per year) and further deduction of Rs. 1.5 Lakhs under Chapter VI-A(She intends to save under sec. 80-C) .
4. Does she has to necessarily file IT return at the end of year. So far she has not been filing it.
Dear Sanjay,
3 – The income that is considered here is before the tax exemptions.
4 – Kindly consider filing ITR.
dear shreekanth
pl guide for what care should be taken by deductee as banker for accepting form no 15h/g
pl also send url of where income tax side form should be load.
When submitting Form 15H to an SBI branch for my deposits there, I have to enter my Estimated income from the deposits in col. 15. But then in col. 16 which asks for “Estimated total income of the P.Y. in which income mentioned in col. 15 is to be included”, shall I have to mention my total estimated income including the income from my deposits in other banks / FIs aswell as from other sources?
Dear Pradip..Yes you have to include all the expected income from various sources.
please advise on following
column 16 which amount
column 17 which amount
column 18 aggregate amount(which amount)
column 19 column last amount of income(how to calculate interest for each fixed deposits
suppose of 4 term deposits of different date and different amount and different rate of interest how to calculate amount of income (my point is how to calculate amount of income before completion of year )
How to fill new Form 15G with sample example-April 2016
Step by Step Guideline to Fill up 15 G form with Sample: Click on Image to Enlarge
How to fill new Form 15G with sample example-April 2016-http://www.salarystructure.in/2016/04/how-to-fill-new-form-15g-with-sample.html
Step by Step Guideline to Fill up 15 G form with Sample: Click on Image to Enlarge
If form is to be submitted in two banks only one in each bank, is it necessary to fill this in column no.17.?
Dear balkrishna ..Yes, it is..
How many form 15g/h in a year if in any bank fd amount 1000000 our advocate said said that form submitted to bank in all quarter
In a financial year , you need to submit 15G/15H only one time. No, need to submit each quarter.
Kindly post a filled New 15G and 15H form for this year(2016)
Dear Anushri..Kindly check out this link..
Hi,
I need your help in filling form 15g for pf withdrawal. I have left the organizationn in the month of Sep, 2015 and I am currently unemployed. The total income which is mentioned in form 16 is 220200 and my pf amount is 41943. As I am filling the form in this new financial year, I need your help. Please help me with this details:
4. Previous year?
15. (a) Whether assessed to tax under the Yes No
Income-tax Act, 19615
(b) If yes, latest assessment year for which assessed(should I input 2015-16)
16. Estimated income for which this declaration is made(please help with the exact amount)
17. Estimated total income of the P.Y. in which income mentioned in column 16 to be included(please help with exact amount)
19. Details of income for which the declaration is filed?
Also, what years should I input under the Declaration/Verification
I/We further
declare that the tax *on my/our estimated total income including *income/incomes referred to in column 16 *and
aggregate amount of *income/incomes referred to in column 18 computed in accordance with the provisions of the
Income-tax Act, 1961, for the previous year ending on ……………….. relevant to the assessment year ………………will
be nil. *I/We also declare that *my/our *income/incomes referred to in column 16 *and the aggregate amount of
*income/incomes referred to in column 18 for the previous year ending on ……………….. relevant to the assessment
year ……………… will not exceed the maximum amount which is not chargeable to income-tax.””
{Please help with exact data. I am really confused)
Thanks in advance.
Form 16 was issued while I was working, it was last year
Dear Ruksar,
15 – If you are filing taxes for FY 2015-16 (AY 2016-17, now), you have to mention YES.
16 – Mention your estimated income from PF withdrawal.
17 – Total estimated income from all sources in FY 2016-17.
19 – Details of your PF withdrawal.
Thank you. This year I dont have any income apart from my PF withdrawal amount. So I just need to input my PF withdrawal amount under column 17?
Also, under column 4 it will be the year 2016-17 right?
Thanks. So in column 4 it will be 2016-17
16. my pf amount
17. as I do not have any income from other sources for the financial year 2016-17, I need to input only my pf amount
Dear Ruksar,
Columns 4/16/17 – YES.
My total package was less than 2.5k for d year 2015-16. But i filled declarations last year. Do i need to select yes in column 15?
WHO IS SUPPOSED TO FILL PART II ? DECLARANT OR BANKER TO WHOM FORM IS DEPOSITED
Dear TAPAS ..The one who deducts TDS (can be a banker).
kindly send a filled up form of 15H
I am a senior ctenor citizen and submitting IT returns for last 6 yrs with nil tax payable. Should I mention I am assessed?
Dear Runa..Yes.
Dear Mr. Srikant
How one can write total income of the previous year before the year is over. Yes one can give an estimate but in that case it should be written estimated total income. However if only interest part is to be stated then one can mention. Kindly clarify by total income PY what is meant.
Dear Runa,
You have to mention the expected income that you are going to receive in this Financial Year.
Hi,
My father (a senior citizen) has his 2 nos. Of FDs in the same bank. So, he has to fill the 15H form. What do we have to fill in point no. 18 (all columns)?
Dear Sangeeta..i) FD deposit A/c no ii) interest income iii) 194A & iv) amount of expected interest income.
I am withdrawing my PF after 6 years. My total services was 4 years and 4 months. I am now withdrawing the PF so my current income is nil as I am a student who is studying for higher education.
Do I need to submit for 15G ?
if Yes what will i write in 15 a) and 15 b) and my estimated income ? Will it be the income during my service days ?
Also will TDS be deducted in my case
Dear Rahul,
Your contributions were for less than 5 years, so TDS can be applicable. Yes, you can submit Form 15G to avoid TDS.You have to mention the current year income details.
Read:
EPF withdrawal & TDS rules.
Latest EPF rules 2016.
Field 18 : total No of 15g form filed??
Am i supposed to mention the forms and aggregate amount i filed for other banks ?Please explain field 18 for me i can’t understand?
Dear aana,
Total number of Form 15Gs/Hs that you have submitted and the total expected income for which you have submitted these forms.
pl see declaration of form/verification
of new form 15H
last line for the precious year ending on ……. relevant to the assessment year…. will be nil.
what should i fill there.
Dear murari ..Financial Year would be FY 2016-17 and Assessment Year is 2017-18.
Sir,
I need yr expert guidance on the following :-
1. My mother aged 75 yrs (senior citizen) is having FDs in 3 banks separately. How much Tax rebate is she entitled for?
2. Since FDs are spread in 3 banks, do we need to declare total income of that particular bank or clubbing all the total income while submitting Form 15 H in 3 banks separately?
3. With the new 15 H form, will the income of a particular tax payer will be monitored centrally by Income TAX
4. How will a bank deduct TDS ? if we mention that it is below the specified limit whereas in actual it is crossing the specified limit, specially if the FDs are scattered in various banks? which bank will deduct TDS? or Income TAx will automaticallly deduct , the modus operandi in such case
5. What are other best options for a senior citizen to invest and save tax at this age ?
Your valuable expert advice is solicited
Thanking you in advance
Dear Kedar,
1 & 4 – The interest income earned on FDs is not tax-free. TDS on interest on FDs is liable to be deducted @ 10% by the Bank if interest income (paid or expected to be paid) exceeds Rs 10,000 in a Financial Year. This limit of Rs 10k is per bank branch and per individual.
2 – In field 17, you have to mention total expected income (from all FDs + any other sources).
3 – Possible.
5 – May I know the investment horizon? Also depends on the investment objectives & current financial profile.
Read:
List of Best Investment options.
Best Health insurance Plans for Senior Citizens.
What shouf i write for Nature of income. My dad has an FD for 1 year
Dear Karthik ..It’s interest income..
Kindly provide the govt circular on submitting 15H for the A.Y. 2017-18 which explains the conditions of submiiting such form as my deductee bank is asking for and without that they are unwilling to receive 15h.
If my gross income crosses Rs.3.00 lacs but after deduction it will be below 3.00 lacs.I am a senior citizen .Should i submit form no 15H?
Please read this —
“Conditions you must fulfill to submit Form 15H:
You are an individual
You must be a Resident Indian
You are 60 years old or will be 60 years old during the year for which you are submitting the form
Tax calculated on your Total Income is nil”
I also noted from elsewhere — There aare two conditions for 15G—-
1. Taxable income should be “nil”
2. Interest income should not exceed basic exemption limit.
But the banks deduct TDS, only if your interest income is more than 3,00,000.
Dear Anil..I believe that you may not be eligible to submit Form 15H.
Sir!
Do I need to fill 3 different Forms-15H for 3 Fixed Deposits in the same bank?
Pls.let me know that IF I got BANK FD,COMPANY FD & SENIOR CITIZEZ A/C in bank,So now how can i submitt how many total nos. & aggregate amount of income for which form-15H filed(Refer 17) duly specified for that particulars investment.
Equal to number of institutes you have deposits. Separate 15H for each.
Sir,
In the new Form 15h, in column 17,i have some doubts:
a)Whether the total income refers to taxable income or
b) Whether the total income refers to interest income only or
c) Whether the total income refers to the total income exceeding the excemption limit
because in the declaration i have to make the tax on the income————will be nil
and the receipient has to verify whether deductions under chapter VIA are available
First one — Income from the bank/institute you are submitting 15H
Second one — Total income from any sources, interest or any other.
Last one — Interest income from other banks/institutes excluding this one.
VIA need not be verified, it is only expected or just planned. By default deduction will be considered 150000.
Dear MAJUMDER ..Thank you so much for sharing your inputs and kindly keep visiting 🙂
Dear SRINIVASAN..It is total taxable income.
When we are submitting form no 15G/15H, to the bank , is it necessary only to write the estimated total income of interest in column no 15 of the particular bank only? or whether to write the whole interest portion of other banks also including the bank to whom we are submitting for no 15gor 15h?
Secondly under which section tax is deductible ? How to know this.? Income tax department has not provided such information to pan card holders.
Sir I possess F/D for long term part of which in MIS , then how I calculate the estimated income for col no 15 fo form no 15G , House wife , pl. guide me.
thanks A p roy sinha
Dear mam..I am unable to understand your query..kindly rephrase it..
1. You are to mention interest income from the bank you are submitting 15G/H form.
2. Your total income from all sources, be it interest or any other income.
3. How many such forms you have submitted excluding this one. May be one more or two more banks/Institutions.
4. Interest income from htose banks/institutes for which other 15G/H submitted, but excluding this.
The section is 194A.
Dear Shrikant,
Form 15G
Column 16 – Income from particular bank
Column 17 – total estimated income (all sources of income).
Yes, you may to do little of google search to find out the relevant sections of TDS.
Example : As per Section 194A of the Income Tax Act, 1961, all Banks and Financial Institutions have been mandatorily instructed to deduct TDS on all Interest Payments exceeding Rs 10,000 in any Financial Year.
My pension income is Rs 270000 and fixed deposit income is about Rs 160000, Can I submit form 15 H.
Pl let me know in details about point No.17.
Tthank you.
270000 + 160000 – 150000 (max under 80C planned only) = 2,80000
If you are a seenior citizen then YES, otherwise NO.
Dear Mtiani..You may not be eligible to submit Form 15H.
Column 17 – You can provide information about the total no of form 15Hs submitted in the respective financial year and the total expected income.
Sir
I will be sixty years of age (Senior Citizen) on 18.06.2016(Born 18.06.1956). Please clarify whether I can file Form 15H in April 2016 for current FY 2016-17.
Dear Krishnamohan..Yes, you can submit Form 15H after attaining sixty year of age (after june, 2016).
Sir,
I have taken unsecured loan and giving interest more than 10000 annual , and my proprietorship is audited firm under 44ad, should i submit 15G form of interest receiver.
Please clarify under which section it mentioned
Dear Pawan..It depends on your total income and looks like it is more than the basic exemption limit, hence you may not be eligible to submit Form 15G.
Sir,
I have a FD in SBI of RS 100000 for 7 years 10 months and maturity amount is Rs 2,00,849. So my Question is about Column No 16 and 17 what amount should be written in column 16 and 17.
Dear Arman,
16 – Only interest income (Rs 1 Lakh – Rs 2,00,849).
17 – Above income + any other income.
Kindly give a sample fill up of 15G form
if i submit form 15 H than wat would be assesment year??
& wat is time period for flling this forms??
Hi Priya,
Normally Assessment year is one + year from the financial year. I,E if your financial year is 2015-16 the assessment year can be 2016–17 or 2017-18 any one you can use .
what to mention in nature of income and section under which the tax is deductible & also the amount of income for senior citizen
Dear Vishal,
Mention the distinctive number of shares, account number of term deposit, recurring deposit, National Savings Schemes, life insurance policy number, employee code, etc., Whether it is interest income/dividend income etc.,
In declaration, what should I write for relevant assessment year please?
Dear Suseela,
If you are submitting Form15G for Financial year 2016-17 then relevant assessment year would be 2017-18.
Yes you can write either 2017-18 or 2018-19. Better to write 2018-19.
Hi Sir,
I am planning to submit form 15G for deposits in the name of my mom who is a housewife (no source of income)
Last year i submitted form 15G and i dont remember giving details about returns filed as we have never filed returns for my mom.
Could you please advise
Dear sir,
my parents aged 94, 90 have bank fdr for 1ol each. i am a retired bank staff. i am joint holder in their fdrs to avail staff benefit in intt.they do nit have pan card. but every year we s submitting form 15H along with form 69a, supported by their voter id, ration card.these form 15 h are duly marked in the TDS column of their customer id by the bank.
In lieu of the above and in the absence of pan card how i can fill the new form15H.Moreover we have obtained a loan against he pledge of all fdr for our medical expenses. the monthly intt without tds is being credited to this loan account.
in lieu of the foregoing pl guide me
1. whether the in come of parents received at my hands in loan ac. be treated as income.
2. Since they are very senior citizen they enjoy a it exemption of rs. 5l per f.y9thei annual fd innt incone is 96000 each p.a)
please guide me.
regards and tq
Dear ganeshvenkatachalam,
1 – If the source of income for these FDs are your parents’ income then we can treat the interest earned as their ‘income from other sources’. Suggest you to get PAN cards for them.
Tq Sir, money belongs to them. them only.Their income isonly intt. income as quoted above., which is well within the threshold limit. In that case obtention of pan card and submission return visa vis is necessary? in the above scenario these income received at my hands not treated as my income , i suppose and need not to be included in my returns. pl clarify.
thanks and regards
Sir, I am a pension holder, having one FD in bank. My question is Sl.No. 16 to 19 of 15G form. What amount should be filled it is the principal amt or interest received ?
Dear Fernandes..If it is for FDs, you can provide the interest income only. Do you have income from any other sources?
Dear sir,
I worked in company for one year from 2012 to 2013. I want to withdraw my pf now. My doubt is what I should write in column 16? Is it the whole pf amount or only the interest earned on it??
Also what I shoild write in Cl. 17?
tia
Dear Bhanwar,
If its more than 3 years, your EPF a/c would have become in-operative..Read : Inoperative EPF a/c helpdesk..
I believe that it’s total amount.
17 – Total estimated income for FY 2015-16 (including Pf amount + income from any other sources).
I am 71 years old senior citizen. I have FD in Bank A, Bank B,and Bank C. Next month I shall have to submit Form 15 H to all the three Bank separately. Last year April 2015 I submitted 15 H to all the three Banks separately. One FD in Bank C matured on 10th Jan 2016 and reinvested for another two years. Last April 2015 according to 15H my estimated income was Rs 36075/- from Bank C.Next April 2016 my estimated income from Bank C will be Rs 36290/-.This estimated income include FDs shown in 15 H submitted last year ie April 2015. Under the above condition would you kindly advise me how to fill up column 15,16,17 and 18 of new form 15H.
Dear Satya,
15 – The respective estimated income for which you are filing your Form 15H.
16 – Total expected income (all FDs’ interest income + other sources of income, if any)
17 – Self-explanatory
18 – Kindly provide details about your FDs for which you are making the declaration.
Dear Sir,
I am very grateful for your early reply, still I have some doubt.would you please clear my doubt.In column 15 I shall have to write the estimated income from the declared FDs which I have mentioned in column 18.The FDs which I have mentioned in column 18 are same FDs which are contiuining from last 5 years. Whenever matured the same re invested for another.two years.In column 16 I shall have to write estimated income of PY ie 2015 -2016.+income mentioned in column 15.for 2016 – 2017. . In this case my income will be shown double.which is confusing or it will be same income which is shown as estimated income for 2016-2017 .In column 17 details of 15H other then this. Does it mean the 15H which I have submitted time to time after renewal and reinvestment time of my previous FDs. awaiting for your early reply.faithfully,
Dear Satya,
If say the income is Rs 1 Lakh which is shown in column 15 and you do not have any other source of income, then you need to mention the same (Rs 1 Lakh) amount in column 16 as well.
Sir,
Please tell me how to apply the (1) point no.18 (Nature of income), Amount of Income, (2) Estimated income for which this declaration is made (3) Estimated total income of the P.Y
for loan given to any Individual or Firm what is to be filled in place of identification no. column no.18 & in place of Unique identification number (UIN) kindly clarify the doubt
Regards
(Dinesh Jain)
Dear DINESH..I think you can provide loan account number.
Whether 15H has to submitted in the parent branch only (where we hold account) or can it be submitted in any branch of the bank?
Spoke to my bank (ICICI) on this..they say it has to be submitted at parent branch only…
Dear Malli..Yes, most of the banks do ask to submit at home branches only.
Hello Sir,
Immediate doubts do plz clear it out.
My DAD is a VRS person and filling 15g form .
I just wanna know in 4th column what will be P.Y for this year.
16.estimated income for which this declarant is made in grid 17 also whats the link about dat what to fill and even in column.
even in column 19 identification no. ,section under which tax is deductible , and amount of income what should be exactly filled.
please reply
Dear ASHWINI,
PY = 2015-16.
16 – Say you are submitting form 15 g to avoid interest on Bank FD, you need to mention the estimated interest income from that investment.
19 – Depends on the type of investments/withdrawals.
Hello,
I have a question. I worked with the organization from 26 Nov 2007 to 26 Nov 2012 for 5 years. Then I worked with another company for 2 and half years. I am not working anywhere from past 4 months.
Please suggest should I fill in
* Assessment Year
* Status and other columns.
When I left my last organization they deducted tax from my full and final amount.
Please advise me what needs to be done.
Thanks
Amrit Malhotra
Dear Amrit,
If you are submitting the form now, the applicable assessment year would be AY 2016-17.
Nice Insights. Two quick questions:
1.Column No.19-Part 1:What to write in “Identification” field in case of unsecured Loans of the entity?
2.Column NO.2 – Part 2: What would be the UIN No. here? Does that mean that TDS returns also to be filed along with Form 15G/H?
Dear Arpit,
1 – Can be relevant loan account no.
2 – Part-2 is meant to be filled by the TDS deductor (bank/employer/institution).
Thanks for wonderful post.
Quick question on new Form 15G – Field number 19.
I have several fixed deposits from single bank to list in the table below number 19, but there is not enough space in the form table.
Any suggestion ? Sum it up and fit in a single row ?
Or add a separate white page ?
Dear Rabi..I am not sure about this. Kindly check with your banker.
Dear sir how to fil the 15g form becouse iam not elegebule income tax return my salary 11570 iam Resigne from 09/11/2015 joining 02/09/2011 Telangana plz reply
hi i want u to clarify few doubts for filling form 15g
i worked in a institution from june 2012 to june 2015. so what should i write in preivious year (coloumn 4)
i dont have only pf, no other income like FD etc…. so who should fill the part II of form 15g. where should i submit the form 15g , in the bank which i have account or the pf office. thanks in advance
Dear geetha,
If your are submitting now, it should be FY 2015-16.
Kindly leave part-2 blank. You have to enclose it along with your EPF withdrawal forms (depends on the purpose).
Hi Sir ,i am withdrawing my pf amount of my first job ie joining date:september 2013-october 2014.So my queries (sections wise) have been mentioned below:
3)assessment year:wht should be filled here.
7)assessment in which ward/circle:
10)AO code(whom assessed last time):
14)last assesment year in which assessed):
17)present ward/circle:
19)name of business/occupation:
20)present Ao code
21)jurisdictional chief comm. of income tax or comm. of income tax(if not assessed to income tax earlier):
22)estimated total income from the sources mentioned below:Note:i havent invested anywhere so what needs to be mentioned
23)estimated total income of the previous year in income mentioned in col-22 to be included:
24)details of investments in respect of which the declaration is being made:
Please reply on my queries.
Thanks in advance
Regards
Ayush
Dear Ayush..Kindly go through the points given in the article.
Regarding Epfo Claim applicaton on 01/03/2016 (my releiving date) around 4 years of Service
1.Can I eligeble for full witdrawal(My share:38245-00)(Emp share:37523-00)
2.My UAN number is activated ,and KYC and bank a/c also verified by the Employer ..So Which claim form is needed
3.My Employer based on Kochi which adress can i send my claim form and how many days to take setteled .
4.Is 15G document part-2 filled by the employer or my self.
thanking you sir,
Dear Ravi,
1 – No (assuming you are below 58 years of age).
2 – Read : New withdrawal forms..
3 – To your concerned EPFO regional office. Generally 30 days.
4 – Employer.
Dear sir,
In column 15 of 15H form “which amount is tobe mentioned say interest recd on my TDRs for the financial year’ under declaration. In column 16 estimated total income of the PY mentioned in column 15 to be included. IF WE INCLUED THIS AMOUNT the total will be doubled. Then which amount the IT people will take into account for valuation of total income.? It is not only funny but also confusing. Couls u please clarify.? I am a senior citizen wholly depending on my TDR interest which my be around Rs,70 to 80000/-
Dear NARASIMHAN,
Column 15 – The estimated income for which you are submitting your Form 15H (ex; FD interest income).
Column 16 – If your income is only say from FD interest income, the amounts in column 15 & 16 can be the same.
Morning sir,
My KYC showed pending in verified column on UAN Portal. Can I apply for pf withdraw without emploer signature?
Because you know sir, My emploer have no communism of their officers. I had tried to contact them but no result. This because I took decision the 2nd option that direct.
Dear Indrajit..As far as I know, if KYC is not verified, your new EPF withdrawal forms may not be considered by the EPFO.
Then sir, is it can’t withdraw my pf balance?
There are any other option for claim or case against emploer.
I am only contact to regional office. Will do a request to corporat office further any other provision?
Dear Indrajit..Suggest you to submit online grievance to EPFO, Click here… If you do not hear from them, contact the EPFO officer personally.
Good evening sir,
How do I send my pf withdrawl application? -Is it send by post nor by hand to pf regional office?
Please tell me the option sir.
Thank you.
Dear Indrajit..Suggest you to send by Speed post and note the speed post reference number.
Good afternoon sir,
My pf regional office in kolkata. I want to know about serial no. 19 of 15G form, the column “section under which tax is deductible” — Now my question is- Which section write in this box for withdrawl my pf?
Dear Indrajit,
Column 19, you can provide your EPF a/c details. TDS (if any) on your EPF withdrawal will be deducted under Section 192A of Income Tax Act, 1961
Morning sir,
I saw that my date of birth in UAN PASSBOOK 05-Oct-1989 but my original DOB is 10/05/1989. Has there any problem to withdrwal my balance? And I also knowing to that in 16 column of 15G form which amount will be written — is it (Emplee shr + Emplor shr + Pen. Contr.) or (Emplee shr + Emplor shr). Kindly help me sir.
Thank you.
Good Day.
Dear Indrajit,
Read : UAN online helpdesk for DOB correction.
It’s Emplee shr + Emplor shr+interest. You may check the latest balance and write the same.
Sreekanth,
Is it mandatory to submit form 15g? For my EPF withdrawal, my TDS will be deducted. I am not eligible to save on that. So, should I still submit form 15g?
Dear Joby..It is not mandatory..But I observed that EPFO has been asking for it from all the applicants.
i have Rs.30,000 NSC
what should i write in estimated total income?
should i mentioned my gross salary in FY15-16+NSC amount
kindly suggest….
Dear kulu..You need to include the expected interest amount from NSC in your total income.
we made chq. for interest is 6,900/- dtd: 30-6-15 and 3,450/- interest provision is before mar-2014 and 3,450/- interest is after mar-2014 so how many 15g/15h form made by us ? only one or two form uPto mar-2014 and second is 30-6-15.
Please Rely me
February 15, 2016 at 4:30 pm
we made chq. for interest is 6,900/- dtd: 30-6-15 and 3,450/- interest provision is before mar-2014 and 3,450/- interest is after mar-2014 so how many 15g/15h form made by us ? only one or two form uPto mar-2014 and second is 30-6-15.
Please Rely me
Morning sir.
In which address send my pf withdrawl application in kolkata zone.
Dear Indrajit..Click here to find the required details.
I can’t mean about column 4, 15, 16, 17, 19 & the declaration part exact. If you kindly help for those column which I written, its a helpful for me. My details given below:
1) My job priod 1st Dec 2012 to 6th Oct 2015.
2) My leaving date 7th Oct 2015.
3) My salary at leaving time Rs. 7400/- per month.
4) Now I am not engaged at any job.
5) My PF balance Empee shr: Rs.11827, Emper shr: Rs.3621, PenCon: Rs.7277.
6) My PF region is Kolkata.
7) I have UAN no.
8) I’m from Barddhaman district in West Bengal.
Now please sir help me to field the 15G form on the above mention column.
Thanking you.
Dear Indrajit,
Field 4 – FY 2015-16
15 – Did you file taxes in any previous year? If yes, mention that year, else NO.
16 – Your estimated PF amount. (You can check your EPF balance easily..Read this article)
17 – Your estimated income (Salary from april 2015 to oct 2015 + EPF withdrawal amount + any other income)
19 – Your EPF ac details.
Thanks sir.
Hi,
I have one concern. By mistake i submitted form 15H instead of 15G.the bank deducted my TDS as i am not a senior citizen and should have submitted Form 15G. Is there any way to rectify this?
Dear abhilasha..You can claim refund (if any) by filing your Income Tax Return. Suggest you to submit a fresh Form 15G to you banker.
Dear Sreekanth,
Really helpful article. Thanks for that.
I worked as a consultant for singapore based company on a contract from june to september and converted to its Indian entity from october. My total income with the company till date is 3.35 L (1.75 lakhs as Independent consultant getting paid from singapore and 1.6L from its Indian entity) and I’m leaving this company now and my employer asked to fill form 15G. As my income won’t cross the limit they are asking me to do that to show my future employers why TDS has not deducted from my salary.
Do I need to really the form ? I’ll have overall income for this financial year (Apr 2015- Mar 2016) is 4.2 L. Please let me know what will be use if I fill the form.
Dear Krishna,
As a resident Indian, I believe that your income is more than the basic exemption limit, so Form 15G may not be applicable in your case. Kindly re-check with them again.
Hi Srikanth,
Thanks for your response. If its 2 L, my over all income for the year Apr 2015-Mar 2016. Do I need to fill the form ?
Thanks
Krishna
Dear Krishna..You can submit Form 15G in such a scenario.
Hi if the field no 15 is marked as no do I need to fill up field 16,17,18,19,20
Dear neeraja..The mentioned fields are relevant for this FY 2015-16. Fields 16 & 17 you have to provide.
Hi Sreekanth, I worked for a company for 2 and a half years and quit in august 2015. So basically i have worked for 4 months in the new financial year April-July 2015. Total Income received by me was 3,58,000/- . (TDS deducted was 60,000) However, i have not been employed ever since and in all probability, i shall claim a refund for this 60000 as well since i do not fall in the tax bracket as i am fulfilling 1,50,000/- under section 80C
My question is
1) Exception as per IT is 250000 and another 1,50,000 under section 80c. So if i consider that, i am not liable to pay tax for which i have to submit form 15 while claiming EPF proceeds. Should i subit forg 15g?
2)Can i with draw pension amount also
Please note i am UAN registered any KYC and bank details are reflecting on UAN website verified by employer.
Please advise
Ashwin 98852941**
Dear ashwin,
1 – Your total income is > basic exemption limit, no need to submit Form 15g (but i have observed that EPFO is asking for From 15Gs from everyone).
2 – Yes.
Read : “Now claim EPF withdrawals without the employer’s attestation..”
Hi,
I moved to UAE in Aug’15 and left the company where I was working for 2 years and 9 months. So, the taxable income in last year would be my 5 months salary ie. from Apr to aug’15, right?
Also, the sections in Form 15 G ie Schedule I to Schedule V, I didn’t have any shares, securities or mutual funds on my name and I am a regular tax payer. What should be mentioned in these sections then?
The Part II of the Form is filled by the employer?
I also checked that I am NRI from the calculator.
Thanks for your help. The article is really informative.
Dear Kanika,
1- Yes.
2 – Nil.
3 – Yes.
Keep visiting 🙂
Thanks!!
So, the total income that I have to mention in the form is of last year or for the whole period I had worked in the company.
Dear Kanika..For the financial year in which you are submitting form 15g . If you are submitting now, it is FY 2015-16.
Hi,
I have worked in my company for 2 years 11 months and my net accumulated PF amount is approximately 45,000. Sir, it has not been 5 years yet , I am willing to withdraw my PF but as my Employee is not supporting me regarding this issue so I am going by your article “new-epf-withdrawal-forms-employer-signature-not-required”.
Sir, FORM19(UAN), FORM10C(UAN) AND FORM31(UAN) are very easy to fill but what about FORM 15G It requires the approval of my previous employee?????
And can all these FORMS be sent by post to Regional PF office??
Is there any other option. Kindly help me
Dear Sandip,
I believe that employer’s sign is not required on Form 15G.
Are you currently employed?
Yes, as of now one needs to send the forms by post.
I am filling 15G for PF withdrawal. In that what do I have to mention in Income for financial year? Is it Salary drawn+FD Interest or is it Salary drawn + FD interest + amount of PF to be withdrawn.
Please suggest
Dear Gaurav…Total expected income from all sources for a given FY.
would amount of PF to be withdrawn be considered as income?
Yes dear Gaurav..
Hi Sreekanth,
This is really a very informative blog. Thanks for putting this together.
I need suggestion to fill Form 15 G to withdraw my PF. I quit working in 2010 .
I do not have fixed deposit but have a savings a/c in india and do not earn much interest on little amount i have .
I have question on 15 , 16, 17 .
The last IT returns i filled was probably in 2010 .
Thank you..
Dear Smita,
15 – if you have filed your returns for FY 2009-10 then mention it as AY 2010-11.
16 – Estimated EPF withdrawal income.
17 – Estimated total income in this FY 2015-16 (if you are submitting the form now), including value mentioned in 16 + other income (if any )
Hi Sreekanth,
I have worked in an organisation for 4.11 years, currently I am not working anywhere. I need to withdraw my PF amount and I really unsure on how to fill in the Form 15g, as I do not have any savings, income etc. Please help in filling form 15g.
Thank you.
Dear Saranya..You may refer to the above points and complete the form.
Dear Sir,
I have worked with a company from 1-sep-2010 to June-2013. and currently working with other company where my total gross salary around 4 lakh per year. now I want to withdraw my previous PF but at the time HR is asking for form 15G. I have no idea how to fill it also I dont have any FD,saving or share or other income.only one LIC which I am paying around 7000 rs per year. please help me.
Dear Dheeraj..Suggest you transfer your old epf monies to your new one.
Dear Sir,
Thanks for your suggestion but due to some financial issue with me, I have need to withdraw this amount. kindly help me..
Your article really helps a lot in filling this form. I have a few doubts.
1) I have left my previous company during June 2014. But, I’m closing it this year only. So, what would be my A.Y and P.Y? What should I fill in the Section 4 and the assessment year in the declaration part?
2) The previous company is asking me to fill the Form 15g even though the total income will exceed 2,50,000. In that case shall I put the actual taxable total income in the Section 17?
3) I haven’t filled any form 15g forms earlier. So, can I leave Section 18 and 19 blank?
Thank you so much for sharing good information. Hope you will answer my queries.
Awaiting your replies.
Dear Gomathi,
If you are applying for withdrawal now, AY is 2016-17 & PY is 2015-16.
Actually form 15 G is not to be submitted if projected income is above basic limit. But strangely most of the employers / EPFO is taking form 15g from all the applicants.
3 – Yes.
Thanks for your response. Yes, my previous company is also forcing me to submit those forms. So, is it fine if I mention the actual total taxable income itself in the Section 17? If so, what about the declaration part where I declare the taxable income as nil?
Dear Gomathi,.It is better to declare actual projected income.
Sir.
I worked in a company from sept 2011 to sept 2014. I want to final withdraw epf.
From oct 2014 onward I am not working in any firm / company and my salay is nil & I have no FD etc.
I filed ITR for FY 2013-14 and for FY 2014-15 form 16 was niot issued by the employer so I was not not filed ITR for the FY 2013 4-14.
Kidly suggest me what should fill in the fieild 15, 16 & 17of form 15g.
Thanks
Dear Vinay..kindly go through above article. For which year Form=16 was not issued? Was your income above the basic exemption limit?
Sir,
For FY 2014-15 my income was under Rs. 2.5 lakas but employer paid advance tax in first 3 quarters to income tax and form 16 for the above period was not issued.
Dear Vinay..Did you file ITR for FY 2014-15?
Hello Shreekanth,
I was working with a company in India for 2.5 years and resigned in June 2015. I am not working since then. I have few FDs in my name created post April 2015. I have queries regarding fields 16 and 17. In field 16 “Estimated income for which this declaration is made ” , should I mention the salary earned from april 2015 till june 2015 (for which TDS has already been deducted by my employer) + interest on FDs that I will earn in this FY? OR should it be just the interest on FD and the PF earned during April 2015-June 2015?
For field 17, “Estimated total income of the P.Y. in which income mentioned in column 16 to be included”, what should be filled? Is it the income earned last year(as per the income tax returns filed for PY) or just the PF ? What is the meaning of income mentioned in column 16 to be included?
Thanks for your help
Dear Neha,
Yes, you need to add salary earned + interest on FDs for FY 2015-16.
It is for FY 2015-16.
Dear Sreekanth,
I worked for a company for 2 years & 8 months and resigned on Sept 2014 and weeks back i submitted my PF withdrwal form 19 & 10C but now due to new laws ,my employer asked me to submit 2 original sets of FORM 15G along with a Declaration letter addressing the “Regional Profident Fund Commissioner Office,Bandra” as per following details communicated in employer mail:
>You are requested to mandatorily mention your estimated taxable income for current financial year(2015-2016) in point no :23
> If point no:23 on FORM 15G is not applicable ,you will have to attach a declaration letter addressing the “Regional Profident Fund Commissioner Office,Bandra” that you have no objection in RPFC deducting tax at the rate of 10% on the PF accumulation.
Queries:
1)Kindly need more clarity on the above points and also what exactly should i need to write in the declaration letter?Will my PF attract tax deduction of 10%?
2) I left my company on sept 2014 and moved to abroad so i dont have any income in INDIA after SEPT 2014,in that case what will be my total income for the FY 2015-2016?
3)I did not file my Tax return after i resigned my company (ie for FY 2014-2015 onwards),is there any problem?
4)Also when i checked the site of E-filing tax return —-https://incometaxindiaefiling.gov.in/e-Filing/Services/ITRVStatusLink.html — to know my status of previous assessed year ,i gave my PAN number and assessment years 2012-2013,2013-2014 ,but it says —-“NO E-RETURN HAS BEEN FILED for this PAN”.But i remember i filed my Tax return ,What will be the problem for this?
4) who will be filling the PART II[For use by the person to whom the declaration is furnished] in the FORM 15G?
5)How and Where to find my TAN number?
5) what should i mention under the fields listed of FORM 15G:
FORM 15G —–contents as below
1.Name of assessee(Declareant)
2.PAN
3.Assessment Year
4.Flat/Door/Block no
5.Name of Premises
6.Status
7.Assessed in Which ward /Circle
8.Road/Street/Lane
9. Area/Locality
10. AO Code(whom assessed last time) – Area code,AO Type,Range code,AO No
11.Town/City/District
12.State
13.PIN
14.Last Assessment Year in which assessed
15.Email
16.Telephone/Mob no
17.Present ward/Circle
18.Residential status
19. Name of business/Occupation:
20.Present AO code(if not the same as above) – Area code,AO Type,Range code,AO No
21. Jurisdictional Chief Comm. of Income Tax or Comm. of Income Tax(if not assessed to income tax earlier):
22.Estimated total income from the sources mentioned below:(please tick the relevant box from below)
Dividend from shares Schedule I
Interest on securities Schedule II
Interest on sums Schedule III
Income from units Schedule IV
The amt of withdrawal referred in sec-80CCA(2)(a) from National Savings scheme Schedule V
23. Estimated total income of the previous year in income mentioned in col -22 to be included:
24. Details of investments in respect of which the declaration is being made:
Please require your assistance ASAP.
Regards,
JAY
Dear Jay,
Is your UAN activated? If your UAN is seeded with Aadhar no and bank account, you can now directly submit your withdrawal claim to EPFO.
Read : New withdrawal forms & procedure.
Kindly read my article on : EPF withdrawals & TDS rules for more info on whether TDS is applicable or not in your case.
2 – Kindly mention the EPF withdrawal amount as your expected income for FY 2015-16.
3 – Was your income above basic exemption limit?
4 – Your employer.
5 – You can find it in your form-16, it is related to your Employer.
For rest of the points kindly go through the article.
Dear Sreekanth,
I would like to get a detailed steps to fill the FORM 15G for my PF withdrawal.Could you please provide your contact num so that it would be easy for me to talk in person for guidance? I really need your help.
SIR
MY PF DEPOSITED AT SRO LAXMI NAGAR DELHI,PRESENT I AM LIVING IN GUJARAT LAST TWO YEAR I AM NOT WORKING IN COMPANY AND I WANT TO WITHDRAWAL DIRECTLY THROW EPF OFFICE.
MY PF WITHDRAWAL FROM 19 UAN & 10 UAN CAN SUBMIT DIRECTLY IN MY NEAREST EPF BRANCH IN GUJARAT.
YAA SEND TO WHICH NAME & ADDRESS IN DELHI FOR PF WITHDRAWAL DIRECTLY
PLZ SUGGEST
PANKAJ
Dear Pankaj..I believe that you need to submit at EPFO delhi office.
Hi Sir,
Plz Send me address of S.R.O. Laxmi nagar Pf office..
Thanks
Kamlesh
Dear Kamlesh..you can get it here..
Hello,
I have worked for a company for 2 years. Now I want to withdraw my my PF.
My PF amount is 1.5 Lac.
I do not have any income to declare under Form 15G. For e.g. Income from sources is nil.
Still do I need to submit Form 15G ?
If yes, the what should I fill into the section of Estimated total income from the sources?
Thanks and your reply would be appreciated.
Dear Jasmin,
Form 15G is for avoiding TDS, if you do not have any income or your income is less than basic exemption limit as per IT Act.
You can mention the PF amount as your income.
Thanks for a reply.
I have joined other company.
So do I need to mention the income from other company which means my salary?
The form does not have a section to mention the income from salary.
I do not have any income from the 4 sources which are mentioned in the Form.
Pls advice, as it is too much confusing…
Dear Jasmin,
If you have joined a new company, ideally you should not withdraw your EPF amount. Suggest you to transfer it to you new account. You may do this ONLINE.
Hi sir
I worked for a company for 4 years in Chennai till June 5th’ 2015. after that I moved to Dubai.
Now I wanna withdraw PF.
My accumulate PF amount is 2,27,756/-
I worked in india in current year for more than 2 month (till june 5th) , am I not a NRI?
If so should I pay tax for the my global income which I earn current year.
In that case what should I fill in the following fields of Form 15G:
16 – Sould I write only the my accumulated PF amount
17. Should I write my income hich I earned in Dubai also
18- This I the first time I am filling Form 15G
19.
Dear SIVAKUMAR,
Kindly check your NRI status using this ‘NRI Status check calculator‘. I have also provided information on NRIs & taxation rules in this article.
If you do not have any other income and if your income below basic exemption limit for FY 2015-16, you can submit From 15G.
16 – No, it is your total expected income for FY 2015-16.
17 – Not required
Sir thanks for ur reply.
I checked the NRI calculator, it says I am a “Resident”
Do I still need to fill form 15G for PF withdrawal.
Field – 16 – Total expected income means – I worked only for 3 months (Apr-15, May-1, June-15) in this current FY before I shift to Dubai. So I should show only my salary earned in india. my monthly CTC in those 3 months is around 2.3 lacs
I don have any income apart from salary
sorry 2.3 lacs for 3 month (79000 / month)
Dear SIVAKUMAR,
You can submit form 15g if your expected income in this FY is less than basic exemption limit.
3 months salary + income from any other sources (like dividends, FD interest income etc).
I need complete filled form-15G , it means sample .
I have worked as an Assistant Professor in a college for 4.5 years. Now I need to apply for EPF withdrawal. While i am filling 15G form to avoid TDS, who will fill up the part II of 15G form?. I need clarification in this regard. Please sir… either my college or anyother…
Dear Ganesh..The person or institution responsible for deducting TDS has to fill the PART II, in this case it is EPFO.
Hi Sreekanth,
Thanks for writing such informative blogs.
I am applying for EPF withdrawal. What should I fill in column no. 4 (Previous Year PY). Is it the current financial year (15-16)? or last FY (14-15)?
Thanks for your help!
Dear Kuldeep ..It is FY 15-16.
In Form 15H Item 18 what should be entered for NATURE OF INCOME and SECTION UNDER WHICH TAX IS DEDUCTIBLE in the case of a Fixed DEposit
Regards
Subramaniam
Dear Subramaniam,
Nature of income is “income from other sources” & Section would be Section 194A of IT act.
Hi,
I have worked with a company for 4.6 years in India and 1.6 years in US. Total 6 years service with the company.
Should I still submit 15g form while applying or PF closure ?
It would be great if you can offer a clarification to me. Thank you.
Best Regards,
Aravindan GP
Dear Aravindan,
1.6 years with Indian company? Did you make contributions to EPF scheme during this period?