The Employees’ Provident Fund (EPF) is designed to support employees’ long-term financial security, with both the employee and employer contributing 12% of the employee’s basic salary and dearness ...
A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...
If you are an EPF subscriber, and are looking for the withdrawal of funds from your account, then you need to apply in a prescribed format. There could be multiple circumstances such as while looking ...
However, you can save TDS by depositing your PAN and submitting Form 15G/15H. If 15G/15H is not submitted, then the TDS will be deducted at 10 per cent. If the PF account is linked with a valid PAN, ...
"The Finance Act, 2016 has amended section 192A of Income Tax Act, 1961 to raise the threshold limit of PF withdrawal from Rs 30,000 to Rs 50,000 for Tax Deducted at Source (TDS)," a central ...
Speaking on form 15g/15h for PF withdrawal Manikaran Singhal, a SEBI registered tax and investment expert said, "TDS deduction comes into play when the PF withdrawal amount is subject to income tax ...
Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at ...