Form 15H For PF Withdrawal PDF

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PF Withdrawal Form 15H PDF Free Download

Form 15H For PF Withdrawal

Form 15H Declaration under section 197A (1) and section 197A(1A) to be made by an individual or a person (not being a company or firm) claiming certain incomes without deduction of tax for PF Withdrawal.

As per the income tax rules, it’s mandatory for banks to deduct tax at source (TDS) in case the interest earned on your fixed deposit, recurring deposit, etc.

It is more than Rs. 10,000 in a financial year. However, in the case of Form 15G or 15H is submitted by the member, then TDS is not deducted.

These forms are to declare that their income would not be taxable after receiving payment of their PF accumulations from the retirement fund body EPFO.

Form 15G for PF Withdrawal Login to EPFO UAN Unified Portal for members.

Delete whichever is not applicable.

As per provisions of section 206AA(2), the declaration under section 197A(1C) shall be invalid if the declarant fails to furnish his valid Permanent Account Number or Aadhaar Number.

A declaration can be furnished by a resident individual who is of the age of 60 years or more at any time during the previous year.

The financial year to which the income pertains.

Please mention “Yes” if assessed to tax under the provisions of the Income-tax Act, 1961 for any of the assessment years out of the six assessment years preceding the year in which the declaration is filed.

Please mention the amount of estimated total income of the previous year for which the declaration is filed including the amount of income for which this declaration is made.

In case any declaration(s) in Form No. 15H is filed before filing this declaration during the previous year, mention the total number of such Form No. 15H filed along with the aggregate amount of income for which said declaration(s) have been filed.

Mention the distinctive number of shares, account number of term deposit, recurring deposit, National Savings Schemes, life insurance policy number, employee code, etc.

Before signing the declaration/verification, the declarant should satisfy himself that the information furnished in this form is true, correct and complete in all respects.

Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the Income-tax Act, 1961 and on conviction be punishable

(i) in a case where tax sought to be evaded exceeds twenty-five lakh rupees, with rigorous imprisonment which shall not be less than six months but which may extend to seven years and with fine;

(ii) in any other case, with rigorous imprisonment which shall not be less than three months but which may extend to two years and with a fine.

The person responsible for paying the income referred to in column 15 of Part I shall allot a unique identification number to all the Form No. 15H received by him during a quarter of the financial year and report this reference number along with the particulars prescribed in rule 31A(4)(vii) of the Income-tax Rules, 1962 in the TDS statement furnished for the same quarter.

In case the person has also received Form No.15G during the same quarter, please allot separate series of the serial numbers for Form No.15H and Form No.15G.

The person responsible for paying the income referred to in column 15 of Part I shall not accept the declaration where the amount of income of the nature referred to in section 197A(1C) or the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the previous year in which such income is to be included exceeds the maximum amount which is not chargeable to tax after allowing for deduction(s) under Chapter VI-A, if any, or set off of a loss, if any, under the head “income from house property” for which the declarant is eligible.

For deciding the eligibility, he is required to verify income or the aggregate amount of income, as the case may be, reported by the declarant in columns 15 and 17.

Language English
No. of Pages2
PDF Size1 MB

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