Tax on EPF Withdrawal if less than 50,000
Recently in 2015, Government introduced a clause in Income Tax act to discourage people from Withdrawing PF Prematurely, but it provided certain exemptions like there would no tax if the PF amount is less...
Category: EPF Withdrawals
Form 20 – EPF Final Settlement Claim due to death of EPF member
When an EPF member dies, Legal Nominee or heir will have to submit Form 20 for Final EPF Settlement along with other requisite forms to claim EPF,EPS and EDLI claim amounts. When an working...
EPF Withdrawal to fund an LIC Policy
EPF can be also withdrawn to fund an LIC Policy provided some certain conditions are satisfied as listed below Should have completed 2 years of services Only from Employee’s EPF Share (Including interest) To...
EPF Withdrawal – Other purposes
EPF amount can be also withdrawn for other purposes like the case of natural disasters or due to working being affected due to incessant power cuts or to the physically challenged people to buy...
Form31 – EPF Advances
Though EPF Organization strongly discourages withdrawing EPF before retirement, This Form 31 can be used to Withdraw Advances against your PF account in these circumstances Buy a House Buy a Plot of Land Build...
Form15G for EPF Claim Withdrawal
Some questions about Form15G are addressed in the below post 1.Is Form15G for EPF Claim necessary? If you service is less than 5 years then it’s necessary but if your service is more than...
EPF Tax Withdrawal for less than 5 years
Tax (TDS) for PF Withdrawal applies only when you years of service is less than 5 years and if Years of Service > 5 years then No Tax. And even when your Years of Service...
What’s the rate of Tax on EPF Withdrawal?
EPF Withdrawal are taxable depending upon Member’s PF Contribution years and – http://www.epfguide.com/tax-epf-withdrawal/ And if the Member’s service is less than 5 years then the EPF becomes taxable unless Member has one of the...
Tax on EPF Withdrawal
Many People think EPF Withdrawal is not taxable but it’s not true in certain cases. EPF amount withdrawn can be taxed only in the below condition If the Total Accumulated Service is less than...
How to update DOE (Date of Exit) in the UAN Portal – Online Claim Submission
To file an Online Claim submission using Aadhaar, DOE (Date of Exit) is a must and if Date of Exit is blank the claim can’t be submitted as the system will not allow you...
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