• How do I claim TDS refund on PF money withdrawn

Hi I'm Abishek. I have withdrawn my PF before 5 years of continuous service. The PF(employer & employee contribution) amounts to Rs.88,040. I did submit a copy of my PAN Card while i submitted the forms to PF office. Yet they deducted the maximum marginal rate of 34.608% as i did not submit Form 15G and i only received Rs.57,571. I checked my Form 26AS just in case and this TDS did not appear there. Now how do i claim this as refund while filing tax. Will i get any Form 16 from PF office. Should i submit Form 15G again so they give back the deducted amount. I'm confused. Kindly clarify
Asked 6 years ago in Income Tax

Hi,

You will get form 16A from pf office. Also, it should reflect in your 26AS.

Please let us know when did you receive the pf amount.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Hi

The TDS amount should get reflected in 26AS statement. When was the TDS deducted? If it doesn't get reflected in 26AS, get Form 16A from PF office and ask them to revise TDS return because only when TDS return is not filed correctly, the amount doesn't get reflected in Form 26AS.

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

Dear Sir,

Last date to file the ITR of A.Y. 2018-19 is 31.07.2018. Form 16 is issued annually by 15.06.2018. Wait till June 2018, TDS figure will appear in Form 26AS and you can claim the TDS amount in the ITR. If there will be no tax liability, entire TDS will be refunded otherwise adjusted with the Tax liability.

Maximum rate is deducted when you don't submit PAN to the deductor.

Thanks

Vivek Kumar Arora
CA, Delhi
4825 Answers
1030 Consultations

5.0 on 5.0

There must be done mistake with the TDS return. Please communicate the same with the PF department, obtain Form 16A and check if your PAN details are correct.

Lakshita Bhandari
CA, Mumbai
5687 Answers
908 Consultations

5.0 on 5.0

Hi,

It has to appear in the form 26 AS. Quite possible that there has been a mistake at the PF office end.

However request for Form 16 and they you can file return and claim refind.

Hope that clarifies.

Regards,

Nikhil.

Nikhil Khanna
CA, Mumbai
1429 Answers
19 Consultations

4.8 on 5.0

Any person who has deducted tds amont is required to give to form 16 to deductee.

Ask for form 16 first from pf office..

Further if you have withdraw pf amount tax has to be paid on the contribution of employer part if you claim deduction under chapter v of it act.

So it is not necessary that you will get refund of full amt of tds.

Vikas Jain
CA, Ahmedabad
18 Answers

Not rated

I think you should get 16A from them and ask them to correct their TDS return so that it will be reflected in 26AS.

On the basis of 16A you can claim in your return

Vidya Jain
CA, Kolkata
1008 Answers
58 Consultations

4.8 on 5.0

File ITR to claim refund, wait till it gets reflected in 26 AS.

Priyank Kumar
CA, Agra
63 Answers

5.0 on 5.0

Hello

TDS correctly deducted and deposited in govt account get reflected in 26AS form after tds return has been filled by deductor.

Wait for few months and by that time follow up with pf dept for getting tds deduction certificate.

And make sure that your PAN is correct in there records.

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

5.0 on 5.0

You have to request the PF office to revise their TDS returns and to mention your PAN in the return. Then only you will get the credit of TDS deducted.

Brijendra Tripathi
CA, Lucknow
143 Answers
3 Consultations

5.0 on 5.0

Then please contact the PF office and tell them about it. May be ther was some mistake in TDS return of pf office.

They will have to correct their TDS return.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Hello,

You may visit the PF Office and ask them to provide you a TDS Certificate stating that the amount is not reflected in your name. There may be an error in filing the TDS returns.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, FCA, LLB, CERT. FAFP

Rohit R Sharma
CA, Mumbai
2104 Answers
95 Consultations

5.0 on 5.0

Hi Abishek,

It is best to check with the PF office now. The deduction of TDS ought to be reflected in your From 26AS as of today.Nevertheless, in case they have missed it out, then can revise their returns and issue you a Form 16, which will then reflect in your Form 26AS as well. You cannot submit Form 15G now.

Regards,

Keerthiga Padmanabhan

M.Com., CA, LL.B

Keerthiga Padmanabhan
CA, Greater Mumbai
784 Answers
27 Consultations

5.0 on 5.0

Hi,

If the TDS was deducted in August, then the Quarterly TDS Returns should have been filed by 31-Oct. Request you to contact PF Office and Collect Form 16 for the same

Pradeep Bhat
CA, Bengaluru
542 Answers
94 Consultations

5.0 on 5.0

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