How to Link PAN with EPF Account

1. It is a vital financial document that keeps track of the taxes paid by the business entity in India
2. Linking PAN to various financial documents has been mandatory by the Indian Government
3. Linking PAN with EPF account reduces taxes deduction on EPF withdrawals from 20% to 10%
4. Seeding PAN with bank account helps in various financial transactions
5. Linking PAN with the EPF account helps in making EPF claims

Check - Link PAN with Aadhaar

How to Link PAN with EPF Account

To link PAN with EPF account, you must follow the steps given below: 

Online Process

• Using your UAN and password, log in to the EPFO online portal.
• From the main menu bar, select Manage and then KYC .
• This will take you to the KYC page, where you will see a list of documents that need to be updated under the Document type option.
• Next, since you need to link your PAN with your EPF account, click PAN and enter your PAN number.
• Additionally, enter your name as it appears on your PAN Card.
• Finally, click Save. If the information you entered is accurate, the Income Tax Department will automatically verify it. 

Offline Process

• Go to the closest EPFO branch and request an EPF-PAN linking form from the concerned official.
• Fill out all the necessary fields, including your name, PAN, and UAN.
• In the form, self-attest a copy of your PAN Card and UAN and submit it with the EPF-PAN linking form.
• Once these documents are submitted, your application will be reviewed; if it is approved, your PAN will be linked to your EPF account. 
• You will receive phone and email notifications regarding the status of your EPF-PAN link. 

How to Find your PF Account Number on your PAN Card?

To find your PF account number on your PAN Card, you must follow the steps given below: 

• Log in to the EPF member portal and select the Activate UAN option.
• Enter your personal information, including your name, PAN, date of birth, mobile number, and Captcha code.
• Next, click Get Authorization PIN.
• The authorization PIN (OTP) will be sent to your registered mobile number.
• Enter this PIN and click Validate OTP and Activate UAN.
• Once these steps are successfully completed, your UAN and password will be sent to your registered mobile number.
• To view your PF account number, you must log in to the portal using your UAN and password. 

Important Details About EPF Account

The following are some of the significant details regarding EPF account

• Linking KYC (know your customer) documents, such as passport, driving license, election card, bank account number, PAN, Aadhar, and ration card becomes easier through Employees' Provident Fund Organization's (EPFO) digital initiatives.
• Seeding PAN with bank account is not mandatory but it helps in processing online EPF claims.
• Online EPF services are accessible only when PAN, Aadhar, and bank account numbers are linked.
• EPF withdrawal will incur 20.00% Tax Deducted at Source (TDS) without valid PAN of the beneficiary.
• The seeding process can be done easily through the EPFO website.
• You need activated Universal Account Number (UAN) to link PAN with EPF account.
• Visit the page 'EPFO Universal Account Number Registration' to activate your UAN.
• Password for logging into EPF account will be retrieved once UAN is active.
• TDS is deducted on an EPF withdrawal only when the withdrawal is taxable and the amount paid is Rs.50,000 or more, and it is deducted at 10% when PAN is available. 
• TDS does not apply to an EPF withdrawal made after five years of continuous service, and service with previous employers is added to your present service to arrive at the total. 

Benefits of Having EPF Account

An EPF (Employees’ Provident Fund) account is a government-backed savings scheme that provides benefits to both employees and employers which are as follows: 

• Using EPFO makes it simple for employees to sort out compliance issues and address their concerns.
• Because the Employees' Provident Fund is run by a government-backed organization, every company must adhere to the EPFO's rules and regulations daily.
• EPFO provides convenient online services.
• The time it takes to settle EPF claims has dropped from 20 days to just 3 days.
• EPF also encourages and supports all kinds of voluntary adherence to its rules.
• For employees, EPF is a great way to save a significant amount of money over time.
• By contributing a bit each month to their EPF, working professionals can easily set aside a good sum for their future needs, as they don't need to come up with a large amount for investment at all at once.
• Employees also have the option to take out a portion of their EPF funds if they face emergencies.
• EPF serves as a dependable long-term investment option for employees, helping them build up savings for retirement.
• The portion of an employee's salary that goes into EPF is considered non-tax-deductible income.
• When employees change jobs, they can easily move their EPF savings to their new employer. EPF is a significant tool for saving taxes. 

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Summary

Linking PAN with your EPF account takes only a few minutes on the EPFO portal under Manage, KYC and PAN, provided your UAN is active. A linked PAN keeps TDS on taxable EPF withdrawals at 10% instead of 20% and supports smoother online claims, transfers and KYC. Link your PAN with your EPF account today so that your withdrawals are not held up or taxed at the higher rate.