TDS on PF Withdrawal: Rules, Rates, and Exemptions Explained
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Published date: 2024/08/30
- Location: India
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When withdrawing from your Provident Fund (PF), understanding the implications of Tax Deducted at Source (TDS) is essential. TDS is applicable if the PF withdrawal occurs before completing five years of continuous service. If the withdrawal amount exceeds ₹50,000, TDS at 10% is deducted if you provide your PAN. Without PAN, the rate increases to 30%. However, no TDS is deducted if the amount is below ₹50,000 or if you submit Form 15G/15H, indicating your total income is below the taxable limit. Understanding these rules helps you manage your PF withdrawals efficiently and avoid unexpected tax liabilities.
Visit now:
https://www.bajajfinserv.in/investments/tds-on-pf-withdrawal
Visit now:
https://www.bajajfinserv.in/investments/tds-on-pf-withdrawal
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