Respected Sir/Mam,
Please suggest that is it mandatory for an employee to submit Form 15G at the time of PF withdrawal Offline & In form No.19 if I mention PAN number still form 15 G is compulsory (There is conditions if amount is less than 50000 no need of form 15G and other case if service is less than 5 years form 15G mandatory) so not clear about this so please guide.
Thanks & Regards,
S.P.Sharma
From India, Kolhapur
1Please suggest that is it mandatory for an employee to submit Form 15G at the time of PF withdrawal Offline & In form No.19 if I mention PAN number still form 15 G is compulsory (There is conditions if amount is less than 50000 no need of form 15G and other case if service is less than 5 years form 15G mandatory) so not clear about this so please guide.
Thanks & Regards,
S.P.Sharma
From India, Kolhapur
Dear S P Sharma
Cases when 15G is not required
1) Less then 50,000 contribution
2) More the 50,000 contribution but more then 5 years contribution.
Note: pan card required in 2nd case
Cases when 15 required
1) More then 50,000 Contribution with less then 5 years contribution
Note: Pan Card required in 1st case.
For information: If pan card not provided the 30% tax will be applicable
Regards
Winston D'souza
From India, Panjim
Cases when 15G is not required
1) Less then 50,000 contribution
2) More the 50,000 contribution but more then 5 years contribution.
Note: pan card required in 2nd case
Cases when 15 required
1) More then 50,000 Contribution with less then 5 years contribution
Note: Pan Card required in 1st case.
For information: If pan card not provided the 30% tax will be applicable
Regards
Winston D'souza
From India, Panjim
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