PF Online Withdrawal Procedure
Some Points to know for PF withdrawal
- Attestation of the employer is not necessary for PF withdrawal if your PF account is linked with UAN.
- TDS on PF withdrawal will be applicable if:
- If the employee has not completed five years of his / her continuous service.
- If the EPF withdrawal amount is more than Rs.50,000. Earlier the limit was Rs.30,000.
- If Pan not available – 34.608%
- At the time of withdrawal, if your total income (for the financial year) is less than 2.5 Lakhs, then you can submit Form 15G to avoid TDS deduction.
- To know more on tax on PF withdrawal click here.
- Due to the launch of online facilities for PF withdrawal claim settlement period for PF withdrawal is now reduced to just 10 days from earlier 20 days.
- You can download the UMANG app which you can use for PF withdrawal without UAN login.
- You can update details such as name, DOB or Aadhar in UAN from the member’s portal itself.
- Another detail which you can update in the portal is the nomination details for EPS scheme.
PF online withdrawal procedure
PF withdrawal can be done in two ways i.e.,
- Physical application / offline PF withdrawal
- Online application for PF withdrawal
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