Form 15G For PF Withdrawal PDF: You can download the PDF of Form 15G for PF withdrawal from the link provided in the article. The download is free, and you can also choose to read it online by clicking the direct link given at the end of the content.
Individuals or non-corporate entities seeking to claim certain incomes without tax deductions for PF withdrawal can fill out Form 15G. This form is typically used by fixed deposit holders who are under the age of 60 and Hindu Undivided Families (HUFs) to ensure that no TDS is deducted from their interest income in a given year.
Form 15G For PF Withdrawal PDF
According to income tax regulations, banks are required to deduct TDS if the interest earned on deposits like fixed deposits and recurring deposits exceeds Rs. 10,000 in a financial year. Recently, the EPFO Unified portal introduced a feature that allows EPF members to submit EPF Form 15G for PF withdrawals online.
Form 15G For PF Withdrawal PDF – Details to be Mention
When filling out the Form 15G for PF Withdrawal in PDF format, the following details need to be mentioned:
- Personal Details: Name, address, and PAN (Permanent Account Number) of the individual or non-corporate entity making the claim.
- Details of Income from PF Account: Account number of the PF account, the amount being withdrawn, and the previous year’s PF balance.
- Declaration: The individual needs to declare that they meet the criteria for submitting Form 15G, which is that their total income for the financial year is below the taxable limit, and hence, no tax should be deducted from the PF withdrawal amount.
- Signature: The individual needs to sign the form, along with the date and place.
By submitting Form 15G for PF withdrawal, EPF members can withdraw their PF amount online without any tax deductions, provided they meet the necessary criteria. It is important to ensure that all the details mentioned in the form are accurate and up-to-date to avoid any issues with the withdrawal process.