Greetings for the day!!
I have a question regarding the pf final settlement. I want to confirm whether 50000 limit for no tds applies only for final pf settlement form 19 or including pension withdrawal form 10 c too. i.e 50000 limit applies only for form 19 or including both form 19+ form 10c.
This is because my Employee Share is 28,336.00 and Employer Share is 9,154.00. If I add this, the final amount comes as 37490 only which is less than 50000 limit for no TDS. Whereas when I add Pension contribution of 19,047 the amount becomes 56537 which crosses 50000 limit.
The problem is I have problem with PAN card. I am not able to upload it online. Hence if I apply without pan card, form 19 and form 10c will I be deducted tax or not. Kindly help me in this regard.
Forget about all those rules at a moment. I have a question for you-Do you think avoiding TDS means avoiding TAX??
Hi sir!! Thanks for the reply.. To be honest I am not aware of TDS, Since my previous job is my first job. To some extent I learnt that TDS is some tax levied on pf amount at the time of withdrawal. Please forgive me if I am wrong, and please help me in this regard.