Please Help: TDS on EPF Wothdrawal
Posted Date : 07-Feb-2018 , 12:21:52 pm | Posted By: Naveen Singh
Category :
Income Tax | Answers :
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Comments :
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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 |
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| Posted By : Abhishek Kedia |
11-Feb-2018, 10:33:55 |
| If 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. |
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| Posted By : Mitul Makwana |
08-Feb-2018, 01:03:12 |
| For 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. |
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