Please Help: TDS on EPF Wothdrawal
Posted Date : 07-Feb-2018 , 12:21:52 pm | Posted By Naveen singh
In case of NO pan, tds @34.6% is dedcuted in case amount is more than 50,000.
My question is Will tax be applicable on amount over & above 50k or inclusive of 50k
My question is Will tax be applicable on amount over & above 50k or inclusive of 50k
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 413
Answers
Comments
Mitul Makwana
08-Feb-2018 , 01:03:12 pmFor taxable PF withdrawals, if no PAN is intimated to the deductor, TDS @20% is deducted and threshold limit is ₹50,000. If payment is equal to or greater than ₹50,000 TDS will be deducted.
abhishek kedia
11-Feb-2018 , 10:33:55 pmIf payment of EPF is greater than 50000 than TDS @34.608% of whole amount will be deducted. If it is exact 50000 than no TDS will be deducted. In case of disclosure of PAN the rate of TDS is 10% on whole amount of EPF if EPF is greater than 50000.