How to Fill Form 15G for PF Withdrawal?

Last Updated on July 30, 2024 by Rajith Suvarna

how to fill new form-15g or form-15h for pf withdrawal

In this post, we will not only see filling Form 15G for PF Withdrawal for a non-senior citizen. But also filling Form 15H for senior citizens and how it saves TDS (tax deductions) on EPF Withdrawals for both occasions.

The Employee Provident Fund Organization (EPFO) provides the option for all PF Members to withdraw their PF amount as an advance pf withdrawal or as a full pf withdrawal. But sometimes during the PF withdrawal, a few PF members may face tax deductions on their PF withdrawal amount.

So to save from this tax deduction on pf withdrawal, EPFO has bought the facility to use Form 15G or 15H.for PF members.

You will be wondering whether filling a Form 15G or Form 15H is compulsory for all PF Employees.

Let’s find out the answer right away.

I also urge all PF Members to go through this full article and not to skip any steps mentioned in this post, so filling Form 15G or 15H will be easy going without any confusion.

Note:

PF Members who are filling their Form 15G / Form 15H on or before April 1, 2024. Make note that financial year (2023-2024) ends on 31st March, 2024, the new financial year (2024-2025) starts on 1st April. So the process of filling the Form 15G or Form 15H changes accordingly.

What is Form 15G or Form 15H?

• Form 15G is a declaration form that comes under section 197A (1) and section 197A (1A) of Income TAX Rules, 1962 to be filled by:
  • FD/RD/PF account holders and Hindu Undivided Families (HUF) below the age of 60 years to save TDS (tax deductions) on their interest income.
  • PF Members completing their service of less than 5 years can also save tax deductions on their PF withdrawal of more than 50,000.
• Form 15H has the same benefits as Form 15G, but the form is especially to be filled by senior citizens of more than 60 years.

Who can fill Form 15G or Form 15H?

• The PF Employees below the age of 60 years can fill Form 15G by downloading Form 15G.
• The PF Employees aged 60 years and above can fill Form 15H by downloading Form 15H.

EPFO Circular for TDS on Payment of PF

• The PF Members can view the Circular released by EPFO for TDS on Payment of PF.

When TDS is not applicable?

1. If the employee’s PF Withdrawal amount is less than Rs. 50,000.
2. If the employee’s PF Withdrawal amount is more than or equal to Rs. 50,000 with a minimum service period of 5 years.
3. If the employee’s PF Withdrawal amount is more than or equal to Rs. 50,000 with a service period of fewer than 5 years. But provided a PAN card linked with the EPF Account and also Form 15G/H submitted.
4. If the PF amount is transferred from the old PF account to the existing PF account.
5. If the employee’s  service  has been terminated due to the following reasons:

•  The employee’s ill health
• The employer’s business shutdown
• The reason beyond the control  of the employee
• In case of an employee’s death

When TDS is applicable?

1. If the employee’s PF Withdrawal amount is more than or equal to Rs. 50,000 with a service period of fewer than 5 years without linking PAN with EPF Account. The TDS (tax deductions) may go up to 34.608% on EPF Withdrawals.
2. If the employee’s PF Withdrawal amount is more than or equal to Rs. 50,000 with a service period of fewer than 5 years. However, the provided PAN card linked with the EPF Account and Form 15G/H is not submitted. In this case, the TDS will be deducted at 10% on EPF Withdrawals.

How to Fill Form 15G for PF Withdrawal

Please carefully follow the below instructions to fill out Form 15G.

Download Filled form-15g part-1 section1

Download Filled form-15g part-1 section2

1. Click to download -> Form 15G
2. Take a printout of Form 15G
3. Use a Blue ink pen to fill out Form 15G
4. Write your name in the Name of Assessee (Declarant) field.
5. Write your 10-digit PAN number in the PAN of the Assessee field.
6. Write INDIVIDUAL in the Status field for EPF Purposes.
7. Write about your Previous Year. (If you’re filling the form-15G from 1st April 2024 to 31st March 2025, then write Previous Year as 2024-2025 else mention as 2023-2024 if it is before 1st April 2024)
8. Write RESIDENT or NRI in the Residential Status field.
9. Write your Flat or Door or Block No in the Flat/Door/Block No field.
10. Write if you have a Premises Name or leave it blank or dash in the Name of Premises field. (Premises is the piece of land with buildings on it)
11. Write the name of your Road/Street/Lane 
12. Write the name of your Area/Locality
13. Write the name of your Town/City/District
14. Write the name of your State
15. Write the PIN code of  your residential area
16. Write or leave the Email field blank
17. Write your landline or mobile no in field 14 of the Form 15G.
18. Fill, ✔️ Yes if you had earlier filed for any income tax returns in the financial year (2024-2025) then mention the assessment year (2025-2026) and for financial year (2023-2024) then mention the assessment year (2024-2025) or else fill ✔️No under field 15.
19. Write your total PF withdrawal balance (Employee share + Employer Share) to be received under field 16
20. Under field 17, before writing anything, you need to add both the estimated income (other than PF such as FD Interest, Salary income, Rental etc) for the financial year (2023-2024 or 2024-2025) and the amount mentioned in field 16. The addition of both incomes has to be written in field 17. (Make sure to fill Form 15G only when your total mentioned income is within the interest slab rates and not more than 2,50,000 from the interest slab rates)
21. In this field 18, if you had filled Form 15G in the past you can write the Total No of Form No 15G filed (in no’s i.e 1,2,3 etc) and the Aggregate amount of income for which Form No 15G filed will be the total incomes mentioned in the field 16 while filling multiple Form 15G to save TDS on various income sources during the same financial year (2023-2024 or 2024-2025). If not leave it blank.
22. In this field 19, write PF Number and UAN in the Identification number of relevant investment/account, etc. Next, write EPF Withdrawal in Nature of income. later write 192A in the Section under which tax is deductible and finally write the PF Withdrawal amount mentioned in field 16 in the Amount of income.
23. Require your signature in the Signature of the Declarant.
24. In the Declaration/Verification section first under I/We write your Name as per EPF records. Next, write 31 MARCH 2025 (financial year: 2024-2025) for the previous ending. Later on, write 2025-26 in the assessment year. Now write the same previous year and assessment year as mentioned above. Finally write your Name, Place, Date and Signature of the Declarant.

Download Filled Form 15H Part 1 Section1

Download Filled Form 15H Part 1 Section2

How to Submit Form 15G for PF Withdrawal

FAQs related to Form 15G or Form 15H for PF Withdrawal

Q1. What is the purpose of filing Form 15G?

A. The purpose of filing Form 15G is to save TDS on EPF withdrawals or tax deducted on any income sources within the interest slab rates.

Q1. Can I fill Form 15G to save TDS on my PF Pension amount?

A. Not required. Since pension withdrawals are tax-free. The Form 15G can be filled only on the total PF balance withdrawal of a PF member which includes both employee share and employer share.

Q2. Is PF Pension withdrawal amount tax-free?

A. Yes. The tax is only applicable on PF withdrawals with certain conditions applied and not on Pension amount withdrawals.

Q3. What is the difference between Form 15G and Form 15H?

A. There is not much difference between Form 15G and Form 15H.

Form 15G is only filled by those PF employees whose age is below 60 years to save TDS on EPF Withdrawals.

Form 15H is only filled by those PF employees whose age is equal to or more than 60 years to save TDS on EPF Withdrawals.

Q4. Can I submit Form 15G without PAN Card?

A. No. To submit Form 15G, PAN Card details are mandatory.

Q5. Is a PAN card mandatory while submitting Form 15G?

A. Yes. Because while filling the Form 15G. It is mandatory to write the PAN No in Form 15G.

Q6. How much tax deduction is on PF withdrawal without submitting Form 15G?

A. The tax deduction varies on PF withdrawals without Form 15G based on the below conditions:

1. If an employee has linked PAN with an EPF account but has not submitted Form 15G, then the TDS rate on EPF withdrawals will be at 10%.
2. If an employee has not linked PAN with an EPF account and also has not submitted Form 15G, then the TDS rate on EPF withdrawals may go up to 34.608%.

 Q7. Who deducts TDS on EPF withdrawals?

A. The TDS on EPF withdrawals is done by the Income Tax Department and not by the EPFO.

Q8. What is the Previous Year in Form 15g?

A. The Previous Year is the current financial year when you are filling the Form 15G.

For Example: If you’re filling the form on or after 1st April  2024, then the Previous Year will be 2024-2025.

Suppose you’re filling the form before 1st April 2021, then the Previous Year will be 2023-2024.

This is because, after the end of March, the new Financial year begins from 1st April onwards.

Q9. What to write in Estimated income for which this declaration field in Form 15G?

A. You have to write only the total PF withdrawal balance to be received which includes both employee share and employer share and not the pension amount.

For Example: If you check your PF Passbook and you find your Total Balance (as of date). You just need to write the same amount while filling in the required field in Form 15G.

Q10. What to write in Estimated income of the P.Y. in which income is mentioned in column 16 to be included in Form 15G?

A. In this column you need to combine your estimated income for the particular Financial Year with the estimated income mentioned in field 16 of Form 15G and write the total in field 17 of Form-15G.

If your total combined estimated income mentioned is more than 2.50 lakhs or equal to 5 lakhs then your income falls under the income tax slab limit and tax will be deducted at the rate of  5%.

So, to avoid tax deductions it is better to withdraw your PF amount when you are unemployed.

For Example: Let’s say you have mentioned pf withdrawal estimated income in field 16 of Form-15G is Rs. 75,000 and your estimated income for the given financial year (2021-2022) turns out to be 1 lakhs. Then you need to write the amount as 1.75 lakhs (i.e Rs 75,000 + 1 lakhs) in field 17 of the Form-15G.

Q11. What is Assessment Year in Form 15G?

A. Assessment Year: The assessment year is the year where first your income is generated for that particular financial year (2024-2025) and will be taxable in the next assessment year (2025-2026). This is the year that comes after the financial year. During this year our total income is assessed and it has been taxed based on the interest slab rates.

For Example: If you had filed the income tax returns in the financial year 2024-2025, then the assessment year will be next year to the financial year i.e. 2025-2026.

Q12. Can I fill Form 15G other than EPF Withdrawals?

A. Yes. You can fill separate Form 15G for any purpose to save TDS on any income source provided within the given interest slab rates during the same financial year (2024-2025) and assessment year (2025-2026) according to New & Old Regime Tax Rates.

For Example, Raj is making an extra income source from the interest earned from the Bank. But his concern is that  TDS is been deducted from that income source. So to save TDS on that income source. Raj has filled the Form-15G.

Q13. How many times I can fill Form 15G in the same financial year?

A. There is no minimum number as such for filling the Form 15G in the same financial year (2024-2025). You can fill out Form 15G for different purposes with the intent to save TDS on the various income sources within the given interest slab rates.

Q14. What to write in the “Aggregate amount of income for which Form No 15G filled” field in Form 15G?

A. This field no 17 has to be filled in Form 15G only when if you have filled Form 15G once or multiple times in the past during the same financial year (2024-2025) to save TDS on the various income sources within the interest slab rates.

The aggregate amount to be mentioned here is the summation of total income specified in field 16 of previous Form 15G filled during the same financial year. The same should be mentioned in field 18.

Let’s look at the below example to know more about this field  18 clearly.

For Example, Akash filled his first Form 15G in April 2024 to save TDS on income earned from bank interest and mentioned in the field 16 of Form-15G as 1 lakhs. In May Akash resigned from the organization. After 2 months of unemployment. Akash decided to fill out form-19 for PF withdrawal. But his PF withdrawal is more than 50,000 with a service count of 3 years only. So to save TDS on EPF withdrawal Akash has filled the Form-15G.

So in field 18 of the Form-15G, Akash has to mention the Total No of Form No 15G Filled is 1 and Aggregate amount of income as 1,50,000 (1 lakhs + 50,000)

Q15. What is “Details of income for which the declaration is filed” in field 19 of Form 15G?

A. Field 19 is used to mention your PF details to save TDS on your PF Withdrawals within the interest slab rates.

Q16. What will be the tax exemption for Senior Citizens?

A. The senior citizen within the age limit of 60 to 79 years will have tax exemption up to 3lakhs. income. The super seniors within the age limit of 80 to any age will have tax exemption up to 5 lakhs.

Q17. Why am I getting an error “Verified PAN not available cannot upload Form 15G”?

A. This error occurred because you haven’t linked your PAN to the EPF account. In that case, you need to submit two photocopies of Form-15G with 1 copy of your PAN Card to your respective EPFO regional office within 1 or 2 days after submitting the online form. This will save TDS on your EPF Withdrawal income.