Form 15G EPFO Portal: Eligibility and Submission Process

To be eligible to submit Form 15G on the EPFO portal, you must be a senior citizen or a super senior citizen.

Senior citizens are those who are 60 years or older, while super senior citizens are those who are 80 years or older.

To submit Form 15G, you must have an account on the EPFO portal.

You can create an account by registering on the EPFO website using your UAN (Universal Account Number) and password.

Once you have an account, you can log in and submit Form 15G online.

You can easily download Form 15G for PF withdrawal from various websites, including major banks in India and the official EPFO portal. The Income Tax Department website also offers this form for download.

To submit Form 15G online, you can log in to the EPFO UAN portal and select 'Online Services' and then 'Claim'. You will need to enter your bank account details and verify them to proceed.

You can submit Form 15G both online and offline, but submitting it online is a more efficient option. To do so, follow the steps: log in to your EPFO UAN Portal, select 'Online Services' and then 'Claim', enter your bank account details and verify them, and once you get an option to 'Upload Form 15G', click on it.

To download Form 15G from the EPFO Portal, log in to the EPFO UAN portal, select 'Online Services' and click on 'Claim', and for verification, enter your bank account number and click on 'Verify'.

Here are the steps to upload Form 15G online:

You can download Form 15G for PF withdrawal from the websites of major banks in India, the official EPFO portal, and the Income Tax Department website. It's also available on the websites of most major banks in India.

To download the form from the EPFO Portal, log in to the EPFO UAN portal, select 'Online Services' and click on 'Claim', and enter your bank account number for verification. This will allow you to access the PF Withdrawal Form 15G.

You can also download Form 15G from the Income Tax Department website and the websites of major banks. This form can be downloaded for free.

To submit Form 15G online, you can use the EPFO Portal, Bank Websites, or the Income Tax Department website. Here are the steps to download the form from the EPFO Portal:

Note that you don't need to submit the physical copy of Form 15G to the Income Tax Department.

To submit Form 15G online, you can follow these steps. Log in to your EPFO UAN Portal. You can submit Form 15G both online and offline, but we're focusing on the online process here.

You'll need to select 'Online Services' and then select 'Claim'. This will take you to the next step in the process. Enter your bank account details and 'Verify' to proceed.

You can submit Form 15G online via EPFO's online portal, making the process more efficient. To download the form from the EPFO Portal, log in to the EPFO UAN portal. Select 'Online Services' and click on 'Claim'.

For verification, enter your bank account number and click on 'Verify'. You'll then be able to search for the “upload Form 15G” option to obtain the form downloaded on your desktop or mobile.

Here's a step-by-step guide to help you through the process:

To fill out Form 15G, you'll need to log in to the EPFO UAN Unified Portal for members. Click on the Online Services option and verify the last 4 digits of your bank account.

Form 15G has two sections, but you'll only need to fill out the first part. Start by entering your name as it appears on your PAN card.

You'll need to enter your valid PAN card number, as Form 15G can only be submitted by an individual. Make sure the fourth letter of your PAN card number is 'P' to avoid an invalid declaration.

Your income tax status is also required, which can be Individual, Hindu Undivided Family (HUF), or any trust. Mention your residential status as 'Resident', as NRIs are not eligible for Form 15G submission.

Provide your address, including your PIN code, and a valid email ID and phone number for communications.

If you've been assessed to tax under the Income-tax Act, 1961, tick the 'Yes' box and note the latest assessment year of your returns.

Next, estimate the income for which the declaration is made and the total estimated income of the previous year. If you've filed multiple Form 15Gs in the same financial year, mention the total number and the total income amount of all these forms.

Finally, enter the details of the income for which the declaration is filed, including the investment account number, nature of income, section under which tax is deductible, and amount of income.

Once you've completed all the fields, cross-check your details to ensure there's no error.

TDS is applicable on EPF withdrawal if the employee withdraws an amount of Rs.50,000 or more and has worked for less than 5 years.

If the employee submits their PAN card but does not submit Form 15G/15H, TDS is deducted at a rate of 10%. On the other hand, if the employee fails to submit their PAN card and does not submit Form 15G/15H, TDS will be deducted at a higher rate of 20%.

TDS is not applicable in certain scenarios, including when one transfers their EPF account to another account, or when the employee withdraws the EPF amount after a total of 5 years of service.

Additionally, if the EPF amount is less than Rs.50,000, but the employee has rendered service of below 5 years, TDS is not applicable.

Here are the specific scenarios where TDS is not applicable:

If the employee withdraws more than or equal to Rs.50,000 with less than 5 years of service, but submits Form 15G/15H along with PAN Card, TDS is not applicable.

TDS is also not applicable if the employee submits a Form 15G for PF withdrawal, as this form is used to avoid any TDS deduction when the annual salary or earnings are not taxable.

In summary, TDS is applicable on EPF withdrawal if the employee withdraws Rs.50,000 or more with less than 5 years of service, and does not submit Form 15G/15H along with PAN Card.

To be eligible to submit Form 15G, you must be an individual or a Hindu Undivided Family (HUF). This means that trusts, companies, firms, and other entities cannot submit this form.

You must also be a resident of India, and your age should be below 60 years for the financial year in which you submit the form. If you're a senior citizen above 60, you must submit Form 15H instead.

The computed tax amount on your total income, including the PF balance withdrawal amount in a financial year, should be nil. This means your total income should be less than the basic exemption limit for that year. To ensure accuracy, the information submitted in the form must be correct, complete, and true. Any false declaration can lead to serious consequences, including imprisonment and heavy fines under Section 277 of the I-T Act.

Here are the key eligibility criteria at a glance:

To be eligible to submit Form 15G, you must be an individual or a Hindu Undivided Family (HUF). This means that trusts, companies, firms, and other entities cannot submit this form.

As a resident of India, you must meet certain age and income requirements. Your age should be below 60 years for the financial year in which the form is submitted. This is because senior citizens above 60 must submit Form 15H for the same benefit.

The tax amount on your total income, including the PF balance withdrawal amount in a financial year, should be nil. This means that your total income should be less than the basic exemption limit for that year.

To confirm your eligibility, check the following criteria:

You need to be aware of a few essential things while filing Form 15G. To start with, the form is applicable for a specific fiscal year, which means you'll need to fill out a separate Form 15G for each year you want to claim the TDS exemption.

Form 15G can only be submitted by an individual, not by firms or companies, and you'll need to enter your valid PAN card number. Your income tax status, residential status, and address details are also crucial, so make sure you enter them correctly.

You'll need to tick the "yes" box if you've been assessed to tax under the Income Tax Act, 1961, and mention the latest assessment year of returns. Additionally, you'll need to estimate your income for the year and provide details of the income for which the declaration is filed.

It's worth noting that you'll need to save your acknowledgement slip after submitting Form 15G. You can also refer to the following table for a quick summary of the essential details to include in Form 15G:

Remember, providing false information in Form 15G can lead to serious consequences, so make sure you fill out the form accurately and truthfully.