Sample Filled Form 15G TDS deduction for PF Withdrawal in 2020
EPF members who are withdrawing a PF amount (only form 19) of more than 50000 Rs in below 5 years of service need to submit 2 copies of form 15G and 1 copy of PAN card. If EPF members fail to submit form 15G then 34.6% tax will deduct from their PF claim amount or sometimes EPF officials will reject the EPF claim. EPF members whose age is below 60 years need to submit form 15G and for above 60 years form 15H is required. ---------------------------------------------------------------------------- Tax deduction situations during PF withdrawal ----------------------------------------------------------------- If the employee submits both PAN and 15G No tax deduction If the employee submits only PAN TDS 10% If the employee doesn’t submit PAN also TDS 34.6% Filled Form 15G Part 1 Filled Form 15G Part 2
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