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15.5%First documentHow to Withdraw Pension Contribution Online? Step-by-Step GuideOpen original ↗
Second documentEPF Tax Rules: Tax on Provident Fund Withdrawals ExplainedOpen original ↗
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Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
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Retirement - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Retirement - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
What Are EPF Pension Withdrawal Rules?
Submitting Form 121 (previously called Form 15H/Form 15G ) can help prevent the TDS deduction, provided the individual meets the eligibility criteria of having total income below the set taxable limit.
EPF Withdrawal Before 5 Years of Continuous Service
TDS (Tax Deducted at Source): If the total EPF withdrawal before five years exceeds ₹50,000, TDS ( Tax Deducted at Source ) will be applicable. If you’ve provided your PAN, the TDS is charged at 10%. However, if you haven’t submitted your PAN, the rate shoots up to 20%. You can avoid TDS altogether by submitting Form 15G (if you're under 60 years of age) or Form 15H (if you're 60 or older), provided your total taxable income is below the basic exemption limit.
How to Withdraw EPF Contribution?
Learn about EPF withdrawal in online and offline modes, eligibility rules, necessary documents, withdrawal limits, and taxation rules July 31, 2026 11 minutes read
EPF Tax Rules: How Are Provident Fund Withdrawals Taxed?
Learn EPF tax rules, tax on PF withdrawal, TDS applicability, EPF interest taxation, and conditions for tax-free August 6, 2026 7 minutes read
What Are EPF Pension Withdrawal Rules?
Within five years of opening an EPF account, if a person wishes to withdraw ₹30,000 or more from the corpus, a TDS of 10% (if the person has a valid PAN Card) or 30% (if the person does not) will be charged. Partial withdrawal against PF savings now just requires 12 months of continuous service under the EPF Scheme 2026. These are provided as PF advances and not loans, where the member simply needs to withdraw their accumulated funds, with no repayment or interest involved.
EPF Withdrawal Before 5 Years of Continuous Service
TDS (Tax Deducted at Source): If the total EPF withdrawal before five years exceeds ₹50,000, TDS ( Tax Deducted at Source ) will be applicable. If you’ve provided your PAN, the TDS is charged at 10%. However, if you haven’t submitted your PAN, the rate shoots up to 20%. You can avoid TDS altogether by submitting Form 15G (if you're under 60 years of age) or Form 15H (if you're 60 or older), provided your total taxable income is below the basic exemption limit.
What are the Taxation Rules on EPF Withdrawal?
10% TDS is applicable if PAN is provided. Or else, 30% TDS plus tax will be applicable If you provide Form 121 (previously called Form 15G/15H), no TDS will be deducted, as per eligibility
EPF Withdrawal Before 5 Years of Continuous Service
TDS (Tax Deducted at Source): If the total EPF withdrawal before five years exceeds ₹50,000, TDS ( Tax Deducted at Source ) will be applicable. If you’ve provided your PAN, the TDS is charged at 10%. However, if you haven’t submitted your PAN, the rate shoots up to 20%. You can avoid TDS altogether by submitting Form 15G (if you're under 60 years of age) or Form 15H (if you're 60 or older), provided your total taxable income is below the basic exemption limit.