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Provident funds: Premature withdrawal to be subject to TDS

TDSMAN10 years ago3 years ago23 mins

Provident fund withdrawals before five years of completion of service will now attract income tax ranging between 10 per cent and 34.608 per cent. A new provision in the Finance Act, 2015 that becomes effective from June 1 has mandated that premature withdrawals of retirement savings that exceed Rs 30,000 before completion of five years…

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Categories

software-released-banner-2024-25-no-offer-050224
tds-tcs-rate-chart
tm-show-video-yt
tdsman-banner-free-trial
enterprisetds-banner

Calendar

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Feb    
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