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✅ Go and withdraw that money after 1️⃣ month
👉🏻 Usually you get 90% of EPF amount once you complete 5️⃣4️⃣ years
👉🏻 As per the old rule, 100% EPF withdrawal is allowed after 2 months of unemployment.
👉🏻 Tax exemption on EPF corpus is permitted only if an employee contributes to the EPF account for 5 continuous years
💼 TDS is deducted on on premature withdrawal of the EPF corpus. However, if the entire amount is less than Rs.50,000, then TDS is not applicable
👉🏻 Add Pancard to your application if you wish to reduce it to 10%
🚨 For that you need to submit Form 15H/15G
✅ Other reason allowed to partially withdraw the EPF corpus are:
👉🏻 Physical Disability
👉🏻 Changing Jobs to add money in new EPF A/C
👉🏻 Death
👉🏻 Medical Treatment
👉🏻 Marriage Purposes
👉🏻 Buying a new house/ construction
👉🏻 Repay Home Loan
👉🏻 Education Purpose
👉🏻 Repairs for House
✅ There are different limits of amount you can withdraw due to the above reasons.
✅ For that check the EPFO website or the link below
https://www.bankbazaar.com/saving-schemes/pf-withdrawal-rules.html
Source: EPFO & Bank Bazaar
#employee #providentfund #epf #indiangovernment #finance #unemployment #reelsinstagram | Posted on 19/Apr/2023 16:04:02
