There would be no TDS deducted if your withdraw less than Rs50000 from PF a/c
May. 31, 2016
Government does not want us to withdraw from PF before it matures. So it has used the TDS deduction tool to discourage us. Earlier all the pre-matured drawings from PF, which were more than Rs30000 were subject to TDS, but now from June 1 2016 TDS would be deducted only if the amount withdrawn would be more than Rs50000. TDS @ 10% is deducted if PAN is provided and in cases where PAN is not provided the TDS would be deducted @ 34.608%.