Form 15G For PF Withdrawal PDF

Form 15G For PF Withdrawal PDF Details
PDF Name	Form 15G For PF Withdrawal PDF
No. of Pages	3
PDF Size	0.1 MB
Language	English
Category	English
Download Link	Available ✔
Downloads	17

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Form 15G For PF Withdrawal

Dear reader, if you are searching for Form 15G For PF Withdrawal PDF and you are unable to find it anywhere then don’t worry you are on the right page. This form requires certain income without tax deduction for PF withdrawal of an individual or individual (company or organization).

Form 15G is for individuals who wish to claim DTS exemption on a fixed income. Fixed deposit holders (those below 60 years of age) are required to refill it to ensure that TDS (tax-deductible at source) is not deducted from their interest income for one year.

As per income tax rules, banks are obliged to deduct capital tax (DTS) on interest earned in a financial year exceeding Rs 10,000. Recently EPFO ​​Unified Portal had started the facility to submit EPF Form 15G for PF, from which EPF members can withdraw PF online. Use the link given below to download a PDF copy of Form 15G.

Eligibility Criteria for Submitting Form 15G For PF Withdrawal PDF

• You are an individual or an individual (other than a company or a firm)

• You must be an Indian resident for the applicable financial year

• Your age should not be more than 60 years

• Tax liability calculated on the total taxable income for the financial year is zero

• Your total interest income for the financial year is less than the basic exemption limit.

Key Features of Form 15G for PF Withdrawal

• Form 15G is a self-declaration form for seeking non-deduction of TDS on specific income as the annual income of the tax assessee is less than the exemption limit.

• The rules of this Specific Self-Declaration Form have been mentioned under the provisions of Section 197A of the Income Tax Act, 1961.

• The structure of Form 15G changed significantly in 2015 to reduce the compliance burden and cost for both the tax deductor and the tax deducted.

• Current Format of Form 15G and Form 15H (Senior Citizens Version for Form 15G) introduced by CBDT (Central Board of Direct Taxes)

• Form 15G can be submitted by an individual below 60 years of age. Any person above 60 years of age comes under the category of Senior Citizens.

• Form 15H, although similar to Form 15G in many ways, can only be used by Senior Citizens.

• To get the benefit, in the case of existing investment, this declaration has to be submitted in the first quarter of the financial year. However, Form 15G can be submitted before depositing interest for the first time on a new investment.

Here you can download Form 15G For PF Withdrawal PDF by clicking on this link.

Form 15G For PF Withdrawal PDF Download Link

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