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Q. > Please Help: TDS on EPF Wothdrawal
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592 views • Question added Feb 07, 2018 • Income Tax • By Naveen singh , CA , South Delhi


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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Mitul Makwana

08-Feb-2018 , 01:03:12 pm

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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abhishek kedia

11-Feb-2018 , 10:33:55 pm

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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