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Form 15g in word format3/11/2024 ![]() Which also includes 5 years of employee service under one or multiple organizations. If the employee service period is more than 5 years that is there is no TDS on PF withdrawal. ![]() If business by the employer is discontinued.If the employee service is terminated due to health issues.If an individual is transferring his PF money from one account to another account.However, TDS is also not applicable for individuals who wish to withdraw the PF amount under the following scenarios: Individuals must note that Form 15G is not applicable if your withdrawal limit is less than 50,000. ![]() Is Form 15G Mandatory For PF Withdrawl Less Than 50,000? On this page, we have provided all the details on how to withdraw the EPF amount by submitting Form 15G, along with instructions, documents required, and a detailed procedure on how to submit EPF withdrawal claim form 15G online. So if any individual’s EPF withdrawal limit is more than 50,000 and PAN Card is not verified at the EPF portal, then he/she can simply submit Form 15G/15H to the EPF officials requesting them not to deduct TDS ( if applicable) on the PF withdrawal amount. Thus any employee who wishes to withdraw PF money above 50,000 will have to pay the TDS charges. What is EPF Form 15G? In the financial year of 2016-17, the officials of EPFO had issued a notice stating that Tax Deducted at Source (TDS) is applicable on EPF withdrawal above Rs.50,000. ![]()
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