• Mar
  • 31
  • 2015

Withdrawal from Provident Fund before Completion of 5 years taxable?

Posted In Income Tax | , | 142 Comments » Print Friendly and PDF

Withdrawal from Provident Fund (PF) Account before Completion of Five years taxable?

Withdrawal of Provident Fund may attract Income Tax. The Income Tax Department recently told EPFO (Employees Provident Fund Organisation) to deduct Tax (TDS) from the withdrawal amount, if the withdrawal happened before completing five years of subscription. Tax officials have cited a rule in the 1961 Income-Tax Act that taxes PF withdrawals by employees before completing five years of contributions into the EPF is taxable.

In most cases, the accumulated PF balance is withdrawn at the time of retirement, and therefore, not taxable in the hands of the individual. However, in certain cases like change in employment, an individual may even withdraw the PF balance earlier. The point one needs to remember is that the amount received from such PF is not exempt from tax in all cases. Only under the circumstances listed below will the amount withdrawn from PF be eligible for such exemption from tax.

  • If the employee has rendered continuous service with the employer for five years or more. Again, if the balance includes amount transferred from the individual’s PF account maintained by previous employer(s), then the years of continuous service rendered to the former employer(s) would be included for the purpose of computing the five-year period.
  • If the employee has not rendered continuous service of five years, but the service is terminated by reason of the employee’s ill health or discontinuance of the employer’s business or reasons beyond the control of the employee, the amount will be tax-exempt.
  • Another tax-exempt case is when, on the cessation of the employment, the employee finds another job and the the accumulated PF balance is transferred to his individual PF account maintained by the new employer.

In short, where the PF amount is withdrawn before five years of continuous service, it may be taxable in the hands of the individual as if the fund was not recognised from the start of the contributions. In such a case, payment received by the individual in respect of the employer’s contribution along with the interest accrual thereon is taxed as “salary”. Interest on the employee’s contribution is taxable as “other income”. Payment received in respect of the employee’s own contribution is exempt from tax (to the extent not claimed as a deduction earlier).

ID-100311805

I-T provisions provide that the trustees of a recognised PF or any person authorised by the regulations of the fund to make the payment of the accumulated balance to the employee should deduct tax at source while paying the amount. Further, the person liable to deduct tax has to issue the certificate of tax deducted at source (Form 16) within the specified time frame to the employee depicting the details of taxes withheld from the accumulated PF balance and also comply with other salary-related compliance necessities. So the next time you think of withdrawing your PF, you must as an individual also assess whether the same is taxable or exempt.

——————

I worked with a private company for four and years and nine months. I have given a provident fund (PF) withdrawal request to my ex-employer. Will the PF amount be taxable?

We understand that the PF maintained by your former employer was a recognized PF. As per the provisions in the Income-tax Act, if the employee has rendered continuous service with his employer for five years or more, then the withdrawal of accumulated balance from such PF is not taxable at the time of termination.

Since the period of your services with the ex-employer is four and a half years which is less than five years, you shall be liable to tax on the amount withdrawn from your PF. In addition to the normal tax payable by you, you will be required to pay all the tax concessions availed by you so far on account of contribution to such recognized PF. Further, the total employer’s contribution plus interest thereon, which was not taxed earlier, shall be taxable as profits in lieu of salary.

However, if the accumulated balance in your PF account is transferred to your recognized PF account maintained by the new employer, no tax liability shall arise due to such transfer.

Image courtesy of Mister GC at FreeDigitalPhotos.net

(Republished with Amendments)


142 Responses to “Withdrawal from Provident Fund before Completion of 5 years taxable?”

  1. dhana says:

    hi,
    I was working with an organisation for three and half years .Three months back I got no know that I am pregnant and it is a critical one.So have to leave the job.
    Now if I wants to withdraw the PF amount ,it will be taxable? Or it will be considered as ill health ? Do I need to give any proofs for this?

  2. P S Padhee says:

    Hi. I have been working with my present company for 2 years. Prior to this, I had 4 years of work experience. The old PF is yet to be transferred to my new company’s PF account. I want to withdraw my PF(the old account by definition has completed 5 years in operation). I have the following queries:
    1. Is withdrawal from old account while I am still working legal
    2. If no, then can I transfer the same to existing company, and then withdraw citing the reason(in my case, buying a house)

  3. Dave says:

    Hi.

    I have worked at an academic institute for about 3 years and changed the job. My previous employer had CPF whereas my new employer follows New Pension Scheme. Is is possible to transfer my PF money to NPS as it is or I need to withdraw the amount and have to pay tax. Further, I am having my PPF account so is it possible to transfer CPF money to PPF? Please advise.

    Regards

  4. Dipeshwar says:

    I transferred my PF account from Employer 1 to Employer 2 when I moved companies. I had worked at Employer 1 for two years and at Employer 2 for four years. When issuing a cheque for my PF withdrawal request, Employer 2 erroneously deducted tax, since they forgot to check that the account had been funded for more than 5 years. Now, they are asking me to claim the excess tax in my return.

    The problem is that I do not reside in India, do not have any income here and hence, do not file a tax return. What other options are available to me? Is the company liable in this case to give me the tax amount, since they made the mistake? Please advise. Thank you.

  5. ramadevi says:

    If a person renders service for 4 years and 6 months; but does not withdraw the PF immediatley; he withdraws after another one year (total time in PF 5 years and 6 months), will such withdrawl be taxable (as he is withdrawing after 5 years)?

    If yes, Will it be taxable if he withdraws after attaining 60 years age, which is another 6 years away.

  6. manish ranjan says:

    dear sir

    i have left the company(psu) after 2 year of working i withdrawn the pf of my service 2012-2014. is this amount taxable i this financial year 2015-16

  7. kakoli says:

    Sir
    I have been working in an autonomous state govt organisation in contractual mode , which was for 5 years. But the authority terminates me after completion of 4 years . I want to withdraw my PF. Do I need signature of the higher authority for withdrawal of my PF or with my termination letter , can I apply in PF department for complete withdrawal of my money?.

    regards

  8. Lavanya says:

    I resigned from Axis Bank and getting relieved in 10 days. I have total service of 4yrs 8months. I applied for PF withdrawl.
    As m service is less than 5 yrs, PF amt is subject to TDS.
    As Im not taking any job, im eligible to submit 15G.
    My doubt is to whom I have to submit 15G?
    When I enquired with our bank PF Trust,they saying we have a separate Trust for PF, so you can not submit 15G.

    Kindly clarify and help me how to avoid TDS on PF

  9. Anish Chacko says:

    Hi,

    I worked for 3 yrs in an MNC and joined another company at which I worked for 4 years and 6 months now. I had done by PF transfer from my first company to the one which I am working at present.
    So altogether I worked for 7 years and 6 months without withdrawal of PF amount.

    If I resign from the present company and apply for PF withdrawal, will I be taxed ?
    Please let me know.

  10. Vinay satpute says:

    Dear Sir
    I am resign from my previous co on 15 march 2015 & fill Pf withdraw form on same date
    At that time this rule is not enforce
    I am not received my pf amount till date
    It may be received in next mont, Is they deduct Tds on my pf amount

  11. Umair Malik says:

    Sir,

    I have worked in a central PSU for 4 years 11 months and 03 days to join another central PSU. I have not withdrawn the PF till date which make my PF account more than 5 years. If, I withdraw my PF now, the amount will be taxable or not. Kindly help.

  12. Sanjay says:

    Dear Sir, I worked for an MNC organization for for yrs. after leaving my job I did not applied for my PF withdrawal and left my PF account dormant for 1 year so that it could complete 5 yrs.Now It has completed 5 yrs (4 yrs job + 1 year dormant). My question is if I withdraw my PF tax will be deducted or it will be tax free as I’m withdrawing after fiver yrs of pf subscription date.

  13. Abraham Kurien says:

    Sir,
    I joined a private company 4 months after retiring at the age of 60 years from my PSU employer.The appointment was “will retire from the services of the company on completion of 65 years ” and accordingly PF was deducted along with the equal contribution from the company deposited in my account.I will therefore retire from the services of the company after completing only 4 years and 8 months in service (less than 5years). My queries are as follows
    (1)Will TDS be deductible on receipt of payment from PF and will I have to pay income tax on this amount ? (2)Can I leave it in the PF account and seek refund after completing 5 years only to circumvent the relavant tax rules.?

  14. Raman Vig says:

    Dear Sir,

    After a service of 4 years and i have withdrawn all the PF balance and left the job for higher studies. Withdrawal PF is taxed at the @ of 10 % as a TDS. I have total take home salary including PF is 4 Lacs in FY 15, Can i claim refund of TAX while filing the return.

    regards
    Raman vig

  15. Suresh Bangera says:

    Hi Sir,

    I have worked with a company for 4 years and 4 months from Jul-2010 To Oct-2014, now I am working for another company where I am not deducting my EPF. I am in need of money for medical treatment of my mother. If I submit my EPF withdrawal form in the month of Aug-2015 will it be taxable & TDS on same is applicable or not ?.

    Waiting for your advise,

    Thank you,
    – See more at: http://taxguru.in/income-tax/withdrawal-provident-fund-account-completion-years-maturity-taxable.html#sthash.JLwgxxkT.dpuf

  16. DALJIT SINGH says:

    Respected Sir,

    I am working in a private organization and both employer’s as well as employee’s share gets deducted from my CTC. Duration of service rendered is two years. Now there are two scenarios :

    First, if due to some reasons if company asks me to resign and then if I surrender my p/f, would it be taxable and how much ?

    In second scenario, if I resign on the grounds to start my own business and then surrender my p/f, would it be taxable and how much ?

    Waiting for your reply which can also be sent directly to my email id which is [email protected]

    Warm regards,

    Daljit.

  17. Arjun says:

    I worked for 28 months with the first company and 15 months with the second company. I got the balance accumulated in the PF account of the first company transferred to the second company’s account. Now though I have joined the Govt. of India and have been working there for 30 months. If I want to withdraw my PF money would tax be deducted.

  18. Darshan says:

    Hi Sir,

    I have worked with a company for almost 3 years and 9 months, now I am planning for my higher studies and hence I cannot contribute for the EPF now on. So as per the rules if I withdraw my PF before 5 years of continues work TDS is applicable but my question is, can I continue my PF account for the rest 1.3 years without paying the PF amount every month and withdraw the balance amount once 5 years is reached so that TDS will not be applied??

    Waiting for your advise,

    Thank you,

  19. PARAG says:

    Hello,

    I am working in a company from 2007 onwards. I want to withdraw PF for my marriage. Can I do so and what is the procedure for that? Also what will be the taxability of such removal?

  20. Narayanan Kutty says:

    Hi,

    I have completed 5 yrs of continuous service but my PF subscription commenced from the succeeding month of joining. For eg I joined 15 jun and subscription commenced from Jul. Would the period be computed from date of joining or from subscription month for calculating 5 yrs?

    Thanks

  21. pinky says:

    I worked with an organization july 2011 to sept 2014.since i have not withdraw my PF and its almost 3 years 3 months. if i withdraw my PF now TDS will deduct or not.or if i withdraw my pf after july 2016 than also TDS will applicable. pls suggest me so that i can withraw my pf amount as early as possible.

  22. SIVAKUMAR says:

    Sir,
    I have worked in company for 2years after that i have resigned and i have applied pf withdraw on march 2015. I got pf amount 30149/- only .
    But as per employee and employer 780+780 deducted for 22 months.and 2 months 1210+1210 deducted as per new pf circular.
    So i suppose to get 39000/- But i got 30149/-
    I want clarity at wt type of deductions done.

    SIVAKUMAR

  23. Abhishek Sharma says:

    i have worked with company for four years, but now i want to withdraw PF, is some tax will be deducted?

  24. Anju says:

    Hi,

    I worked at a company for 3 years (2008-2011) and then changed. I withdrew my PF in 2014 December which was 6 years after the PF account was created. Does this attract income tax? And how much do I have to pay as tax?

    Regards,
    Anju

  25. Bhadran says:

    Sir
    i worked in a PSU for 4 years and seven months . . Now i changed my job and joined in Government Service where there is GPF . i am planning to close my EPF account since there is no provision to transfer the amount to GPF . If i close my EPF account after 5 years , is the amount taxable ?.

  26. vikas says:

    I worked with an organization march 2011 to Nov 2013.since i have not withdraw my PF and its almost 4 years 4 months. if i withdraw my PF now TDS will deduct or not.or i i withdraw my pf after march 2016 than also TDS will applicable.

  27. pooran negi says:

    pls need your sugggstion
    i worked my last company 2006-2007
    i not still not withrow pf amount
    but one year befor when when i apply for pf they i not get it
    at pf site when i check it its status not showing.
    what shoud i do.

  28. M.R.SHRIVATHSA says:

    Dear Sir,

    I have worked in a company for 17 years and resigned in the year 2006.Now, I am getting some pension from my old PF Account.

    After a gap of 4 years, I have again joined my old company with a new PF Account Number and worked for 4 years and 3 months (Less than 5 years) and resigned.

    Please clarify whether now I can claim the full balance standing in my new PF Account without any connection with pension I am getting from my Old PF account.

    Please reply immediately with case laws in this regard if any since the matter is VERY VERY URGENT.

    Hope you wil do the needful.

    Thanks with regards

    SHRIVATHSA

  29. Ratan Mani says:

    Sir,
    If I left my service after completion of 4 Year of service and I withdraw my PF after 1.5 Year of left service (total Period from joining the service to Withdrawal of PF is 5.5Years)in this case the PF will be Taxable or Tax Free.
    Please clarify me.
    Thanks

  30. manu says:

    Hi
    I have a question?
    I am working for an x company and after 9 months i was on bench(loss of pay). after 1 year i am changing company(got job). does this lop has any effect on my PF as well as my experience letter. could you clarify this?

  31. Jagadeesh says:

    I work for a company for 26 months and then moved to a new employer who happen to be Wipro. I came to know that Wipro EPF is not maintained by Government EPF organization, instead it is operated by their own trust. Also, I came to know that transfers from Government EPF to Wipro EPF would be painful and has to go through lots of delays and document obligations. Is this true? Is withdrawal is the best option for me?

  32. Sumit says:

    I have a quick Qs.

    1. Is adhar number needed for any PF withdrawals?
    2. I have to withdraw PF’s from my previous employers whom I have left in 2005-2008, 2008-2010 & 2010-2013. Can you help me relaying the correct procedure please.

    Best regards,
    SK

  33. sachin says:

    Hi,

    Please help me with this query.I was working with a company for three years and ten months.Now I have filed a request to withdraw my PF.Can you plae explain how much of tax will be deducted and from where I will get details about the amount deducted.

  34. Surya says:

    Dear Anjali,
    Tell your company HR to attach correction in name letter on company letter head and mention the names in the company record,Pf record and bank record and correction in name should be as per your bank records.

  35. Anjali says:

    Hi,
    I was working with a company 3 years 3 months & then i left the company. i filled the form to withrawal my PF .since from 1 yrs i didn’t received my pf. & contentiously getting the same online status.

    STATUS for Member ID: KRKCH00218900000000434

    Claim ID : KRKCH150200012893
    Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (KRKCH00218900000000434) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.

    Claim ID : KRKCH150200012900
    Status : Claim Form 19 for PF Settlement AGAINST Member Account No (KRKCH00218900000000434) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim form.

    Reason of rejection: The reason of rejection is not available in database. You may please contact RO/SRO KOCHI for further details

    * * Data available since last six months. * *
    * * KOCHI data availaible from 11-11-2014. Last updated on 11-05-2015 at 08:31 am * *
    * * Approval Details on PPO and Scheme Certificates will be made available soon.. * *

    i spoke with my company HR and she asked me to send my 10th markehseet , as she has made mistake on my name and thats the reason its got rejected. i have already sent one months back. could you help me to understand when i will received my Pf. please help me

    Thank you
    Anjali

  36. Bhiutras Meher says:

    Hi,

    Can any one help me to understand this below transaction online PF transfer status.
    And how much time it still take to transfer this transfer amount.

    I got the message from EPFO on 03/09/2014 saying that:-
    “Member ID: DSNHP00174920000006780-112 PF Claim ID: NHP140750001400 Settled Amount: Rs XXXXX.00 Sent to A/c No.: 30100649549 (IFSC Code SBIN0001122)-EPFO”

    ——————————————————-
    Sr No Member Name Previous Account No. Current Account Status of Claim Employer Printable Form 13
    1 BHIUTRAS MEHER DSNHP00174920000006780 WBCAL00403940000000600 02 July 2014 Claim Form Submitted .
    17 July 2014 Claim Form Approved by Previous Employer .
    Current Status :Your request is In Transit between EPFO Out and In Office. Details
    —————————————————————-

    When it will be credited to my PF account.

    Thanks in advance.

  37. Bhaskar Iyer says:

    i have resigned by job in January and iam expecting my settlement
    whether I will get both my pf and epf settlement, if yes when I will get the same

  38. Brajesh Pandey says:

    Hi,

    It is almost 3 years and 6 months Since I left my exempolyer now I want to withdrow my PF amount.
    Kindly suggest how can I proceed?

    Kind regards,
    Brajesh

  39. Shradha says:

    Hi, I have completed 5years as PF member(with two organizations), but due to some reason the PF from my first organization was not transferred to my second organization and when I withdrew the PF from my First organization tax has been deducted, can you please suggest how can I claim it!

  40. k r sharma says:

    I have completed nearly 4 years in a foundation. Now I want to withdraw Pf. is it possible? how much of Pf i can wirthdraw?

  41. Srinivasan says:

    I have completed my 60 years on 16th Arpil of this year. Employer wants me to contiune for few months. I have completed only 4 years and I dont think I will be able to contiune for one more year due to personal committments plus due to health condition. Unfortunately cluse 41 of the finance bill wants the trustee of PF to deduct TDS if 5 years are not completed plus the specific case DOES NOT FALL UNDER RULE 8A OF SCHEDULE IVA. Rule 8 A exempts if the discountenance, is due to circumstances beyond the control of employee. Retirement due to completion of 60 years will tantamount to circumstances beyond the control of the employee and exempt under Rule 8A?

    Note On Relevant Clauses of Finance Bill 2015
    Clause 41 of the Bill seeks to insert a new section 192A in the Income-tax Act relating to payment of accumulated balance due to an employee.
    It is proposed to insert a new section 192A so as to provide that notwithstanding anything contained in any other provisions of this Act, the trustees of the Employees’ Provident Fund Scheme, 1952 framed under section 5 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, or any person authorised under the scheme to make payment of accumulated balance due to employees, shall, in a case where the accumulated balance due to an employee participating in a recognised provident fund is includible in his total income owing to the provisions of rule 8 of Part A of the Fourth Schedule not being applicable, at the time of payment of accumulated balance due to the employee, deduct income-tax thereon at the rate of ten per cent.
    It is further proposed to provide that no deduction under the aforesaid section shall be made where the amount of such payment or, as the case may be, the aggregate amount of such payment to the payee is less than thirty thousand rupees.
    It is further proposed to provide that any person entitled to receive any amount on which tax is deductible under this section shall furnish his Permanent Account Number to the person responsible for deducting such tax, failing which tax shall be deducted at the maximum marginal rate.
    This amendment will take effect from 1st June, 2015.
    Clause 49 of the Bill seeks to amend section 197A of the Income-tax Act relating to no deduction to be made in certain cases.
    The existing provisions contained in sub-sections (1A) and (1C) of the aforesaid section provide that no deduction of tax shall be made under the sections referred to in the said sub-sections in the case of a person specified therein, if such person furnishesto the persons responsible for paying any income of the nature referred to in specified sections, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the tax on his estimated total income of the previous year in which such income is to be included in computing his total income will be nil.
    It is proposed to amend the sub-section (1A) and sub-section (1C) of the said section so as to give the reference of section 192A and section 194DA also in the said sub-sections.
    These amendments will take effect from 1st June, 2015.

    Exclusion from total income of accumulated balance
    8. The accumulated balance due and becoming payable to an employee participating in a recognised provident fund shall be excluded from the computation of his total income—
    (i) if he has rendered continuous service with his employer for a period of five years or more, or
    (ii) if, though he has not rendered such continuous service,
    the service has been terminated by reason of the employee’s ill-health, or by the contraction or discontinuance of the employer’s business or other cause beyond the control of the employee.
    Retirement is supposed to come under the head “other cause beyond the control of employee”

  42. vishal says:

    Hi,

    i will be completing my 3 years o service in May 2015 and i wish to withdraw my EPF balance as will be contuining iwth my education. will my balance be taxed?

  43. KAVAL MALHOTRA says:

    I have completed 13 years as contnuous service span in PF Trust.Now,I would like to take non-refundable loan from the PF trust for purchase of a house.Please clarify wheather this amount is taxable?

  44. Vinoth says:

    Hi Sir,

    I worked in Private limited company from 2010 to 2013 in this period they deduct the PF every month on my salary. Now i am decided to withdraw my PF amount.

    But i having a problem they not sign withdraw form. i asked them more time there is response.

    What Can i do now ?
    there is any possibilities to withdraw my PF amount without Employer signature.

    Kindly help me that amount will help to my family.

    Please do the needful.

  45. varun says:

    hi – i have been contributing the PF to a trust since 2004 – 2008 and then i moved outside india on secondment and continue to contribute the PF till 2012, i am still working outside India but my secondment is over. Want to understand if i withdraw my PF today, will it be taxable?

  46. Samuel says:

    Hi,

    I worked for an organization for 4 yrs and 10 months 20 days suddenly they terminated me saying restructuring their organization.I have an idea for withdrawing my PF amount.I am not going to work further.

    THE PF IS MAINTAINED BY THEIR OWN TRUST

    now they are telling that they will deduct 30% amount as tax.is it correct for just 40 days that too they sent me out and deducting 30% of my amount wht i have to do

  47. Arvind says:

    I have resigned my job 3 months ago. When I asked my ex-employer for PF withdrawal, they are saying once UAN is alloted PF withdrawals cannot be made. Please let me know if I can withdraw or not? Thanks in advance.

  48. nikhil says:

    Dear Sir,

    My am into new employment wherein company is not deducting any amount for PF.
    In my old organisation, PF was deducted wherein my service was for more than 5 years. My question to you is:-
    1. If I withdraw this amount will it be taxable?
    2. If I do not withdraw this amount for certain number of years what will be the outcome?
    3. If I withdraw this money after 5 years and during this period there is no existence of my previous employer what will be the outcome since I came to know that on withdrawl slip a signature is required of employer?
    4. From the PF amount deducted, certain amount goes into PF and balance into pension scheme. What will be the outcome from taxable / non taxable point of view?

    You reply will be eagerly awaited.

    Rgds

    Nikhil

  49. Anuj says:

    One of my client who is expat comes to india on secondment in 2009 and PF is deducted in india from his salary but in june 2013 due to DTAA, PF is not deducted from his salary.

    Now, he withdraw such sum from his PF account.

    My ques is whether the withdrawl is taxable or not.

  50. AD says:

    suppose if the new employer does nor maintain PF Account & the employee has joined the new organisation and the employee has worked for less than five years in his old organisation.

    Does is he liable to be taxed even though he does not wish to withdraw amount from his PF Account and he continues to render service to his employer of more than 5 years. Afterwards he wants to withdraw the money from his PF Account so will he liable to get taxed????

  51. bharat prakash mishra says:

    Sir,
    I worked in an organization till four months and after that left.
    My P.F amount was being deducted from my payment for that working period.
    So please conform me that Can I claim to take my amount refund.
    Please suggest me.
    Awaiting for your reply.
    regards
    Bharat Prakash.
    mob.9867954269

  52. sumit says:

    i have worked 29 dec 2009 to 26 march 2012 in a company and pf contribution from jan 2010 to apr 2012 and leave the job and join in other company on 12 apr 2012 and leave the job on 30 nov 2014. the pf contribuion for this company from may 2012 to dec 2014. Last company pf will be transfered in latest pf account.now i withdrowl my pf from PF departement.they donot deduct any tds from this pf amount .can u tell me that this PF amount will be taxable or not

  53. prabhu says:

    hi

    i am working in private firm and now i am joining a new firm

    i amcompleting 3 years with my current job

    what will be the tax didcuted if i withdraw my pf and also pls confirm me w

    will it be taxeble i i dont trnasfer and keep my pf pending

  54. sanjeev says:

    I`m working with a private organization from last 9 year, How much tax i need to pay if i left the job after nine year to my PF.

  55. Andy says:

    Dear Sir,

    I worked less than 5 years and now my current status is that i am a non resident indian , i just left my employer and am unemployed . I am withdrawing my providend fund from my previous employer but they want to deduct TDS due to tenure less than 5 years. However, i am in Canada and there is a tax treaty between india and Canada specially in case of non resident . Please advise under what clause of the income tax act can i point to them for no tax deduction. Also if tds is unavoidable can u p,s advise which slab i should be considered.

    Thanx

  56. Jaffar Sadik says:

    Hello Sir,

    I was salary employed in IT company and worked for 3.5 yrs resigned and joined in another IT organization. I didn’t transferred my EPF to current organization still with old company and about to complete 5yrs. I would like to go for withdrwal my EPF, so is it taxable? How I can get avoid taxable?

    Thanks,
    Jaffar

  57. Nirmal Kaur says:

    Hi Sir,
    I have resigned from my previous job after 9 years, 11 months, at that time i have submit my epf share, It was contratual job. Now I have joined new govt. job. Can i collect full amount of my account of that 9 year, 11months period.

  58. Prav says:

    Hello Team,
    I have completed 6.5 yrs of service and now self employed. I have resigned in 2013. Wish to withdraw settle my EPFO account. I am located in pune where my epf is of KA.. I neex to clarify few doubts;
    1. Do I fill only the form 19 and attest it from my previous employer or from designated official. Will I get full amount after settlement.
    2. Waiting period is already over for me as I left job in 2013. But it is still way before my account gets inoperative.
    3. Can I send the above form and cancelled cheque and what other doc to concerned office. Will it be fine to send via indian post registered AD.
    4. How long will it take for refund..

    Thanks.

  59. Shailesh kumar says:

    I worked in privet company for 2 years 9 month. my pf amount was collect in pf trust of company. now i had withdraw my pf amount today but there is deduction of tds @ 20%. my question is how to get refund of this tds amount.

  60. Mayank says:

    Hi,
    I have worked in an organization for 3 years joined as a fresher and after that I joined new organization but neither i have transferred or withdraw my PF yet. Now I want to withdraw this previous PF( whish is a company’s PF Trust), as overall I have completed 5+ yrs but only 3 yrs with the previous company ,so would it still be taxable( since i have not continued 5 yrs with the same organisation though completed overall 5 yrs with 2 different organization)
    Please respond.

    Thanks,
    Mayank K

  61. Rajesh J says:

    Hi,
    I have worked in an organization for 4 years and 4 months. I know as per rule if I withdraw my PF it will be taxable as I have not completed 5 years. However, if I withdraw after a year or so, would it still be taxable.

    Please respond.

    Thanks,
    Rajesh J

  62. Ajay Gupta says:

    Sir,
    I worked in a company for 7 years. After that I resigned that company and joined Govt. organisation on contract basis but on contract basis no P.f. deducted.
    I have neither withdrawn nor transferred our P.f. amount till date.

    Now i want to know can we deposit P.f amount regularly on existing P.f.account no.

  63. Soumyo Chatterjee says:

    I work in a private institution. My EPF account is more than seven years old. Recently I have withdrawn some amount from my EPF account for marriage of my brother. I want to know whether the amount is taxable or not?

  64. Amit Kumar says:

    Hi Sir,

    I have worked in an organization for 4 years and 4 months. I know as per rule if I withdraw my PF it will be taxable as I have not completed 5 years. However, if I withdraw after a year or so, would it still be taxable.

    Please respond.

    Thanks,
    Amit

  65. Swapnil says:

    Hi,
    I have just left one company and joined another.
    I served four and half years in previous company.
    I want to withdraw my PF, please advise when I should do it.
    Should i withdraw now or after completing 5 years, so that TDS is not deducted?

  66. Vivek says:

    I am currently working and making voluntary contributions to my EPF accoount which I claim for tax exemption. Now if I leave my job before 5 years and do not take up any other job for some reason, say higher education, will the withdrawal I make be subject to tax deduction. Kindly reply as it as an urgent situation. Thanks,

  67. ahmad says:

    Hi
    I have resigned from my company and at the same time I owe the company leased car and have taken some of general purpose advance as well. Can I adjust PF I mean what ever I owe to company is the adjustment possible? Need advice on the same?

  68. Devender Kumar says:

    Hi,

    I have submitted the PF withdrawal application.
    on checking out the status i get this

    Claim ID : PUPUN141xxxxxx
    Status : CLAIM FORM 19 FOR PF SETTLEMENT FOR MEMBER ACCOUNT NO PUPUN003422400000xxxxx HAS BEEN RECEIVED ON 29.10.2014 IS UNDER PROCESS

    Claim ID : PUPUN14100xxxxx
    Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (PUPUN003422400000xxxxx) has been approved. Payment is under process.

    Now is there i am expecting 2 payments?
    one for Form 19 and one for 10C for Pension funds?

  69. Muthu Kumaran . J says:

    Sir ,

    I worked with private BPO company for 37 months . My contribution to my pf account is 550 pm . After two months from my retirement from that company i have applied for my pf withdraw as i need money for my family member hospitalisation .

    Once i have applied i recieved a email from my corporate team that as i didnt complete 5 years service they will deduct TDS from my pf amount . Because of my family suituation i confirm that still i have to withdraw my pf .

    Once i confirm through my email i have recied only 5700 as my PF settlement . As per my knowledge 550*36= 19800 . I dont know how much they deducted as TDS . And also i dont know my employer have contributed for me or not .

    Iam not satisfied with the amount which i recieved and still i didnt take even single paise from my bank account .

    Can you please clarify me regarding TDS deduction .
    And how can i came to know that my employer has been contributed for me or not .

    Thanks in Advance .
    Muthu Kumaran.J

  70. bhs says:

    I have moved to USA before 5 years of service completion with job in USA company. Now does PF withdrawal is exempted from tax in this case

  71. keshav kumar says:

    plz give my ppf amount

  72. manjula says:

    my neighbor work in one concern for 4 month they detected pf amount he actually work 4 years before is it he is eligible to calm the PF amount. he dont know the pf number also.

  73. Santosh says:

    Dear Sir
    I worked for less than five years, but I have withdrawn the PF after 5 years of my service. My employer deducted tax at source showing Salary. Is it Correct? What shall I do? Can the tax be refunded back? Under which section will I claim exemption. Expecting a quick replay.
    Thanks & Regards.

  74. Manish says:

    I left my previous job in Aug 2010. I neither transferred nor withdraw the PF. Now If I withdraw my PF , will I have to pay income tax.

  75. Sushil says:

    what is the exact rate of TDS deducted on withdrawal of PF if worked in a organization more than 5 years?

  76. Mayank Bhargava says:

    I left my previous job in May 2010. I neither transfered nor withdraw the PF. If I withdraw my PF after May 2015, will I have to pay income tax.

    Thanks in advance for helping

  77. Happy says:

    Is there a provision which exempts PF withdrawal from Tax if a person leave the employment before completion of 5 yrs but after that remains unemployed for a period of 1 year or more.

    Also, what if someone does not complete 5 yrs of service with an employer but withdraws PF 5 years after the PF account was first opened? So someone completes say 3 years of service and then for the next 2 years he does not withdraw his PF and then after the five years are over then he withdraws the amount. What happens then? I think such withdrawal is taxable since the IT Act specifically mentions completion of 5 years of continuous service and it is of no relevance that the withdrawal was done from the account after 5 years from when the account was opened. Please clarify.

  78. AnExpat says:

    Hi,
    I worked for 4 years in India and now I have moved to United States from last 6 months.
    I have withdrawn my PF and I dont think any TDS is deducted.

    I want to know do I need to pay any tax on this PF amount?

  79. Rahul Bhagat says:

    Hi…I have been working in various companies since Apr 2005. On every occassion of changing my job, I had got my PF transferred. I am now with HDFC Bank for the last 2 years. I have not gotten my earlier PF transferred to this organisation. I am now thinking of quitting my job and start something of my own. I will be resigning in the next one week.
    Request you to please guide me with the following:

    1. Should I withdraw the PF that is lying with my previous employer or should I get it transferred. I believe, transfer would take 2-3 months. I might have left HDFC by then.

    2. In case I withdraw PF from my previous organisation, would TDS get deducted from it?

    Request you to please revert at the earliest.

  80. nitish sharma says:

    I worked in a private firm for nearly 2 years & firm had own private trust for PF.
    I joined another company which did not have private PF trust.The company has deducted TDS from PF amount 3 months back ,I would appreciate if you pl suggest ,can I deposite the full amount of Previous PF & can TDS be refunded tom by the company or I.Tax deptt If I furnish full detail in my I.Tax return ?

  81. ParsiMan says:

    Hello, I worked in India at an employer for 1 year 7 months during which I was paying into the Provident fund. I then moved overseas. I have been overseas for 6 years and now I have withdrawn my PF. The PF office has not deducted TDS. I would like to know if I need to pay any tax on my PF withdrawal for this year in which I have withdrawn, or is that that migration overseas is a reason for tax exemption?

  82. Jayendra Chaturvedi says:

    An employee is employed post his retirement at age of 62 years on a contract for 3 years ,he received his pf as a result that contract is over ,is this pf withdrawl taxable ?

  83. Nimesh says:

    Helooo,

    I worked with Private company for more than 5yrs and now i want to change my job so i want to withdraw amount from EPF… and i have not transferred the EPF amount to my new job PF account.

    If i have withdrawn an amount from old PF account whether it is taxable or not…

  84. raj says:

    I have resigned from my current job my date of joining is 07/08/2006 and my last date in the current company is 15/11/2013. I Want to with draw the amount.i was with the company for 7 years 03 months and 20 days .

    if i am withdrawing the PF whether it is taxable or not?

    If taxable how much taxable ?

  85. Ashish says:

    I left my HCL in june 2011 and did not transfer the PF to new employer. In this case if i apply for Pf in july 2016 will it attract tax??

  86. Amitesh says:

    I have left my previous company 1 year back but I have neither withdrawn nor transferred my PF a/c from previous to new employer. I wanted to know can I transfer my old PF a/c to the current one.
    Pl. help.

  87. Ram Verma says:

    how much time will take after approval of claim form 10c for withdrawal benefit ???

  88. Niyati says:

    Dear Sir,

    I want to know whether PF withdrawal is taxed on receipt basis or accrual ?

    Thanks & Regards,
    Niyati

  89. VG says:

    Dear Sir,

    I was working with two company for more than five years.

    I had intimated my new company about old and pf.

    last year i withdraw money from PF but previous company deducted the tax on that, now they are giving me letter of continous of five year.

    Now how I can claim this TDS refund (under which section)along with my other income.

  90. Somu says:

    Hi,

    I worked for a company for 5 years, now I re-located to another company in different city in India. Due to my personal situation I want to withdraw the money from my PF account when I talked to previous employer Finance departments they said that, there is Government rule that you can’t withdraw the amount as you are working in another organization inside India so you need to transfer your PF amount to current company organization PF account. This is what a reply I got from them and they are not processing my request. Is there is any rule like that(I don’t think so because my friends got their money). Please advise.

    Thanks
    Somu

  91. Saloni says:

    I worked for a company for 4 years (till March 2010), after which I left India. I am currently a non-resident for Indian tax purposes. I have now (in May 2013) withdrawn the monies accumulated in my ex-employer’s PF account and would like to know the taxation in my case i.e. should I not receive the employer’s contribution and interest on it (along with the enployee’s which is anyway tax exemmpt) without TDS, since I am no longer resident in India?

    Many thanks in advance

  92. Ayyappa says:

    then if I withdraw my PF amount after 1.6 yrs, is it taxable or not ?

  93. Ayyappa says:

    hi,
    I have one query related to the PF.
    I was worked in my past company for 3.6 yrs. now i have continue the same pf for present company . but here they are opened new PF account.
    As per my knowledge , final pf amount is not taxable if you are continuing the 5 yrs.

    My question is here , my previous company pf account is X and my present company is Y. I have plan to continue my present company for 1.6 yrs only.
    then if I withdraw my PF amount , is it taxable or not ?

  94. Shikha says:

    I have a query. I have worked in my organization for 30 months and now want to withdraw Pf as I will be leaving for higher studies.

    So now the entire amount of PF will add to my taxable income of this financial year and if my total taxable income crosses 1.9 lac then only i’ll have to pay tax otherwise it should be tax free. Am I missing anything here?

  95. Munish says:

    Hi,
    Please help to confirm if any employee left the organization in 3.5 /4 years of his/her services but withdrawal his/her PF after 5 years (from his Date of Joining in the organization) then the same will be taxable or non taxable.

    Regards
    MK

  96. Kiran says:

    I joined a company in 2007 and worked there for three years and then I moved to US. If I withdraw my PF now ( 2013) will I attract income tax, even though I have not completed five years of continous service.

  97. Abhishek Agarkar says:

    Hi,

    I had worked with a certain company for 1.6 years(May 07- Nov 08), as of today the company is not operational, also I have not withdrawn/ transferred the PF from that account to any other account. Now I wish to
    make an withdrawal, will I be able to withdraw the amount? If yes, i would like to know how? If no, i would request you to provide an alternate solution.

    Thanks

  98. Prabhu says:

    I have requested for PF withdrawal from my previous employer, but the Finance team of that company says PF cannot be withdrawn and only able to transfer when a person is employed. Is that true we cant withdraw our PF, if not can we able to take any legal action against the company?
    I have my previous employer PF account number and i checked its still alive. Please let me know how to proceed further.

    Thanks

  99. Aashish says:

    Can anyone help with Purav’s query. I have the same question..

    RE:”In your article in the second last paragraph you have mentioned that ” Payment received in respect of the employee’s own contribution is exempt from tax (to the extent not claimed as a deduction earlier)” My question is that if an employee had earlier claimed deduction in respect to own contribution to PF then under which Head of Income will it be taxed?”

  100. Rajiv says:

    have not got pf from my employer.. what to do?

  101. Sujit says:

    Hello,

    I have completed 4 years 3 months with my present organisation and have been rendered redundant as of 1st April, 2013. As this leaving of organisation is beyond reasons of my control (employee’s control) will I be required to pay Income tax on the EPF amount if I choose to withdraw it during May 2013? I do not have any alternate employment.

    Sujit

  102. Srini says:

    Hi, kindly attend my below query:
    I have 4 years 6 months in present company and previous company I worked for 3 years. I have been continuing the contribution of PF from previous company to present company, while leaving previous company I have opted to transfer the PF to new account maintained by present company. Now I have resigned and would be leaving by end of March 2013.
    I have opted to transfer the Pf amount from previous company (worked for 3 years) to present company (worked for 4 years 6 months), will I be eligible for PF withdrawal and if so, will there be any tax implications.

    Kindly address the query.

    thanks

  103. Nashim Mullick says:

    I worked with a private company for three years(2007 to 2010). In my previous company PF-slip the DOJ mentioned as 01/10/2007. Now I am working with a new organasation since 2011 and I have given a provident fund (PF) withdrawal request to my ex-employer. Will the PF amount be taxable? As 05-years had already completed

  104. Nashim Mullick says:

    I worked with a private company for three years(2007 to 2010). In my previous company pay-in-slip the DOJ mentioned in PF-slip as 01/10/2007. Now I am working with a new organasation since 2011 and I have given a provident fund (PF) withdrawal request to my ex-employer. Will the PF amount be taxable? As 05-years had already completed

  105. sanjay says:

    Hi Sir,
    I was working with an IT company any my EPS No starts with (TH/THA/EXEM/ xxxxx/xxxx)and total tenure was 4.7 years( as off jan 2013).As i understand i can withdraw pf after 2 months i.e on march as per PF rules.My question is now if i withdraw on march 2013- will it be taxable ? If yes shall i wait for June 2013 as to complete total 5 year although my last day in the company was jan 23rd 2013.So can i submit a withdrawn request on July 2013 so as there will no tax on the PF amount withdrawn.Please guide.

    Thanks,
    Sanjay

  106. sanjay says:

    Hi Sir,
    I was working with an IT company any my EPS No starts with (TH/THA/EXEM/ xxxxx/xxxx)and total tenure was 4.7 years( as off jan 2013).As i understand i can withdraw pf after 2 months i.e on march as per PF rules.My question is now if i withdraw on march 2013- will it be taxable ? If yes shall i wait for June 2013 as to complete total 5 year although my last day in the company was jan 23rd 2013.So can i submit a withdrawn request on July 2013 so as there will no tax on the PF amount withdrawn.Please guide.

    Thanks & Regards,
    Sanjay

    TH/THA/EXEM

  107. niyati says:

    I m currently working with axis bank since 4yrs this year is my 5th yr can i withdraw my PF i m not leaving my current organisation but i want to withdraw some amount is it possible, also if yes is the same taxable

  108. Annie Madiki says:

    I have a query. I was with 1 company from Jun 2003- Aug 2004. And was with another company from Aug 2004 – Aug 2009. When i am trying to check status of my earlier company online, its stating that “No record found and it has data only for past 6 months”. Can you please let me know how to know status of my earlier company PF?

  109. Hi,

    I have resigned from my current job my date of joining is 17/03/2008 and my last date in the current company is 12/03/2013. ( my PF account was opened in 30/04/2008) almost i was with the company for 4 years 11 months and 20 days .

    if i am withdrawing the PF after 12/03/2013. like to know whether it is taxable or not?

  110. XYZ says:

    I have worked for a company for almost one and half year then i joined another company i have filled the form to withdraw my PF its now almost two years i did not get my PF what to do?

  111. Kiran says:

    I have worked in a company for almost two years 2008-2010, where I was maintaining a PF. I then moved overseas for almost 2.7 years durning which time there were no PF contributions. Now I have resigned and going for my higher education. Can I withdraw my PF in 2013 ( when I complete 5 years after I started my PF), without attracting tax (TDS). (Even though I have maintained the PF for 2 years (

  112. Dinesh Saini says:

    I worked for a multinational from Jan 2006 to May 2008 where my PF was deposited being in Trust. Thereafter, I joined another company from June 2008 to Jan 2012. At the time of joining, I filled up Form 13 to transfer my PF to my current account PF account and one year later I also got the confirmation that PF amount of last company is transferred to current PF account. After 10 months of leaving my second company I filled up Form 19 and Form 10C. A month later I got confirmation that my PF amount is credited to my account but EPS is rejected. When I approached to RPFC office they said EPS is my first company is not transferred, therefore, it is rejected. First I have to get my EPS transferred then only I can withdraw this.

    They provide me one form to fill up and submit. On the form they have mentioned that if old account is with Trust then first Trust has to provide service information to RPFC. Then RPFC where first company (Trust ) deposited EPS will transfer to Second Account. Then again, I have to fill up 10C to withdraw the amount

    I am completely fed up with this long process, I requested the officer in charge to just give me my current EPS amount as EPS of my last company was not significant, he refused and said you will get only whole amount else nothing.

    Can anybody help me and also confirm if this is the only and correct process.

    Regards,
    Dinesh

  113. Vipin Bist says:

    Hi
    Please answer to my query, In case of PF amount withdrawl including the transferred PF amount from previous employer after total 5 years (including tenure at both previous and current employer), but these 5 years include 1 year GAP in between employement at Previous and current employer. In that condition will the withdrawl is TAX eligible.

  114. Akrishna says:

    One of my friend withdrawn PF and the previous company deducted overall TDS of Rs. 3 lacs. Can there be any possiblity to add the pf amount in currnet year income as other income and compute tax liability and claim refund from entire tds deducted from previous company?

    Rgds
    akrishna

  115. Sir,

    I worked in a company for 3 years. After that I left that company and joined another company.Now i completed 3 years in the present company.
    Can transfer the previous company PF to present company PF account.

  116. Mayank Gupta says:

    PPF amount if extended after a period of 15 years for a block of 15 years, you can withdraw a maximum of 60% only. You wont be able to withdraw fully

  117. RAKESH says:

    Sir, I want to know ath followings:-

    (a) What is the minimum period or number of contributions required to get the benifit at the time of withdrawal from EPF. If someone is working in a establishment/company and cotributing towards EPF and resign from the company after a period of 05/06 months. Is he/she eligible to withdraw his/her contributed amount with other benifits? (b) What is the procedures to withdraw the amount from EFP in this case?and the same person is also working in another company.

  118. MD SHAMSHADA ALAM says:

    Sir, I want to know ath followings:-

    (a) What is the minimum period or number of contributions required to get the benifit at the time of withdrawal from EPF. If someone is working in a establishment/company and cotributing towards EPF and resign from the company after a period of 03/04 months. Is he/she eligible to withdraw his/her contributed amount with other benifits? (b) What is the procedures to withdraw the amount from EFP in this case?

    Thanks & Regards

  119. mandar says:

    hi , if somebody leaves the job before 5 yrs & trf balance in PF to new employer’s PF & then withdrws aftr complition of balance years of previus employer what will be tax effect?

    Thanks

  120. Shankar says:

    I have a query. I was working in a company that had their own PF. I resigned after 3 years. My new company is vary small and the salray does not include PF. Should I continue with my PF account in the old company? Will I get interest in it? Is leaving the PF amount safe? When can I withdraw the amount without any tax implication?

  121. Surinder Arora says:

    I was employed with a company for three years.( 1998 to 2001). The company had their PF Trust. I resigned from my job with the company. With the next company I was on contact and therefore no PF. I did not withdraw my PF accumulations. In 2010 I got retired from the job after completing my 60 years of age. Now I have requested my previous employer for withdrawl of my PF accumulations. Please advise if the PF withdrawl will be taxable now , if yes then to what extent.

  122. Kunal Chavan says:

    Can i deduct PF Contribution from two firms

  123. rahuldev says:

    Can I withdraw my supperannuation fund (SAF) balance pre-maturaly? I am in service for 10 years, switching over job. The new company does not have SAF. The company may deduct tax at the applicable rate but whether it is permissible?

  124. Babu Hironmoy says:

    I have resigned from State bank after a service period of 18 months. Now am I be able to claim refund of my Pension and provident fund accumulated amount? What shall be the procedure of claiming the fund? What will be the remedy if the employer/Bank delays the refund? Am I be able to lodge complain aginst them.

  125. shashank says:

    service of 4years and more than 6moths would be counted as 5years as i work in pf office and also the rules governing pf maintained by epfo and by trust ( private employer) need to be same .

  126. RAHUL AGARWAL says:

    I wish to know two things regarding P.F. liability.1) Do I need to deduct PF if I pay my parmanent Labour a wages of Rs.250 perday i.e. 7500/month?  2) Do Welfare cess @1% deducted in contract work can be adjusted with PF Liability?.

  127. Sanjib Kumar Nanda says:

    When i was with my previous employer I have contributed in EPF for about 4 years and left the service in july 2009 & now with a different employer who is having its own trust. If i will withdraw my EPF & EPS from the previous employer,
    will it be taxable?
    If taxable what will be the percentage?

  128. Nik says:

    Two years back I have worked in an organization for 4 year 9 months and then I took emplyment overseas. I would like to know if I withdraw my EPF now, would there be any TDS deducted?

  129. nisha Paul says:

    I had left my previous organization 10th January 2011. Now I would like to apply for my PF withdrawl, May I know what will be the procedure. I had heard that need some extra documentation for withdrawl of PF after 1 year of leaving the service,

    Pls guide me  as per that I can apply for my PF withdrawl of  PF amount.

  130. vikas rao says:

    I withdrew my PF after resignation from my previous company. The company did not have a PF trust and accounts were maintained at the PF office bandra, mumbai. The amount has been deposited in my account.
    However, I do not know if taxes have been deducted at source or I have to show the amount received while filing returns.

  131. Rajeev says:

    I have recently withdrew my PF after resignation from the company. Is the money deposited by EPFO to my account is after deducting the taxes. I was reading that IT department has asked EPFO to deduct taxes on premature withdrawal.

    Regards,
    Rajeev Singh

  132. bemoneyaware says:

    Your article was a great help in understanding EPF have referred your article in my own post

  133. Manoj says:

    Dear friends,

    i want to understand the above mentioned Imcome tax implication on withdrawal of PF amount with in five years. want to understand two points. (1). As per India Income tax act 1961, Under which section, rules and Notification this has been indicated. (2). if so is this will be prospective effect OR retraspective effect, in this case is their any time line which clarifies how many years back data they can verify as per Income tax law. appreciate if any body try to clarify me.

  134. Rakesh Kumar Gupta says:

    I have a query. I was a member of a recognised Provident Fund trust for over 20 years. On resignation, I joined a new company,in1998, where I became a member of The Employees Provident Fund Scheme 1952 (funds from Recognised PF trust were transferred by the ealier company into this account). I also became a member of an optional Provident Fund scheme run by the company for its employees. I resigned from the second company, in 2002, after working for 4 years. Will the balance (it has not been withdrawn to date) lying in the optional PF scheme be liable to deduction of tax at source since I did not complete 5 years service in the new company even though I have continuously been a member of aPF trust for over 24 years.

  135. khadke N R says:

    which rate is applicable for TDS deduction (PF withdrawal before 5 years) under which section

  136. c s kumaraswamy says:

    Sir

    I am finding very useful articles in this website. Request you to steps to download these articles.

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    o Monthly Return cum Challan
    • ESIC
    o Form 1 – Nomination Details
    o Monthly Challan
    o Form 6 – Half Yearly Return

    • LWF
    o Return Cum Challan – A1

    We at Paysquare, provide this service at a cost, much lesser to what a business entity has to incur either by processing the same in-house or by availing this service from elsewhere without compromising on the quality. Corporates find this as a cheaper and more efficient approach rather than buying the Payroll Software and then employing staff for creating and managing salaries. In this approach the overheads of maintaining the software and having it modified every year as per the latest Financial Bill is avoided by the client.

    I would like to look forward for making a presentation to you about our services and look for a positive response that can get this relationship, started.

    Should you require any further information, please feel free to call on us at +91 990 800 3111 / [email protected]

  138. GOPAL says:

    under which section a PF Trust of an Company should deduct the Tax on pre mature PF withdrwl

  139. Purav says:

    Very nice article. In your article in the second last paragraph you have mentioned that ” Payment received in respect of the employee’s own contribution is exempt from tax (to the extent not claimed as a deduction earlier)” My question is that if an employee had earlier claimed deduction in respect to own contribution to PF then under which Head of Income will it be taxed?

  140. Deepashree says:

    Very articulate write-up.

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