When is TDS applicable?īefore we discuss the Form 15G download for PF withdrawal, it’s important to understand when is TDS (tax deducted at source) applicable. Here, we discuss what Form 15G is and how you can download and fill out Form 15 for PF withdrawal. If you want to confirm if you’re eligible and want to know how to download Form 15G, you’re in the right place. And so, not only do employees inculcate a healthy habit of saving, but with a Form 15G, they can save on taxes, too, provided they’re eligible. The employee further earns interest on the amount until the maturity date.Īdditionally, if the income is below the taxable amount, Form 15G will ensure that no TDS is deducted from the interest earned on the EPF. 12% of an employee’s basic salary, plus an equal amount from the employer, goes into the PF as savings. Provident Fund (PF) or Employee Provident Fund (EPF) is an investment fund that helps you save to meet long-term financial goals.
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