The provident fund accumulation is exempt from tax , but those who have not completed five years of service, the withdrawal of provident fund is not tax free unless certain special circumstances are involved in his or her case. Now whether the amount was taxable or not , the provision under section 192A inserted in the Income Tax Act and effective from 01/06/2015 , fixes responsibility of deduction of tax at source on amount of premature withdrawal by an employee. So , now when you go for withdrawal , this issue will affect and the PF trustees will ask for your PAN and other details in Form 19 for EPF withdrawal. Hare are five circumstances under which you may not have to suffer from TDS u/s 192A of the Income Tax Act.
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