If an eligible EPF member doesn’t submit Form 15G, three things can happen. I will discuss these later, but first, you need to know who qualifies as an eligible EPF member.
An EPF member who has more than ₹50,000 in their PF account but has a total service period of less than 5 years must submit Form 15G.
3 Things Can Happen If Form 15G is Not Submitted for PF?
- TDS Deduction – EPFO will deduct 10% TDS from your PF amount if your PAN is linked.
- Higher TDS Without PAN – If your PAN is not linked, EPFO may deduct 34.608% TDS instead of 10%.
- Delayed Payment – Your PF claim might get rejected or delayed due to the absence of Form 15G.
What to Do if TDS Is Deducted from My PF Amount but My Income Is Below the Taxable Limit?
In that case, you need to file an ITR. The deducted TDS will be reflected in Form 26AS, and you can claim a refund after filing the ITR.
Therefore, I recommend checking your eligibility to determine whether you need to submit Form 15G while claiming your EPF amount. Otherwise, you may have to pay unnecessary TDS, or your claim could be rejected, resulting in a waste of time.
Recommended:
- Sample filled form 15G for PF withdrawal.
- How to calculate estimated total income for PY on the form 15G.