The PF withdrawal form is essential for making the application for withdrawal of PF. It can be downloaded online from the EPF website and is also called Form 19.Withdrawals done before the completion of 5 years is taxable.
About PF Withdrawal
As a salaried employee, you must ensure that you claim your Employees’ Provident Fund (EPF) from your previous employers. However, in case you forgot about your provident fund account you opened with your first employer, you are not in the minority. In many cases, salaried persons find it cumbersome to fill out the required forms and withdraw money from their provident fund. However, in many cases, salaried employees who did a small stint in a particular company do not bother to withdraw small amounts from their provident fund account.
According to Income Tax Act 1961, any withdrawal from your provident fund account before the completion of five years, will attract tax. In most cases, the PF account is withdrawn only at the time of the retirement of salaried employees and as a result, not taxed. Nevertheless, when a salaried employee changes jobs, he or she is more likely to withdraw his or her provident fund balance. Given the fact that both salaried persons and employers contribute to the EPF account, the total money accumulated over the years, in most cases, is a sizable amount.
If the employee has rendered continuous service with his employer for five years or more, then the withdrawal of accumulated balance from such PF is not taxable at the time of termination.
If the period of service to your ex-employer is under five years, you have to pay tax on the amount of provident fund withdrawn. You should also pay tax concessions, if any, availed by you. It is important to note that from 2012 onward, no interest will be paid on inoperative accounts which have not been active for over three years. It is, therefore, prudent to withdraw your EPF Balance if you are not a salaried employee anymore or even unemployed.
Documents required for PF Withdrawal Form
The most common documents required to withdraw your provident fund balance are listed below:
- Form 19
- Form 10C and Form 10D
- Form 31
- Two revenue stamps
- Bank account statement
- Identity proof
- Address proof
- A blank and cancelled cheque (IFSC code and account number should be visible). Also, you should ensure that the cheque provided by you is a single account holder cheque only.
Method to Fill EPF Form 19 Online
Given below is the list of steps that must be followed to fill the Form 19 online:
- First, you must login to your Universal Account Number (UAN) portal by entering your UAN, password, and captcha details. This can be done on the Employees Provident Fund Organisation (EPFO) website (https://unifiedportal-mem.epfindia.gov.in/memberinterface/).
- On the next page, you must click on ‘Claim (Form – 31, 19 & 10C)’ which can be found under the ‘Online Services’ tab.
- Next, you must enter the last four digits of your bank account number and click on ‘Verify’.
- The ‘Certificate of Undertaking’ will pop up. You must click on ‘Yes’.
- In the ‘I want to apply for’ drop-down menu, you must select ‘Only PF Withdrawal (Form-19)’.
- On the next page, check the disclaimer and click on ‘Get Aadhaar OTP’.
- You will receive an OTP on your registered mobile number.
- You will need to submit the application after entering the OTP details.
- You will receive a reference number once the application is submitted.
This form allows you to withdraw your provident fund balance after quitting your job, superannuation, termination or at the time of retirement. Under no circumstances, can any establishment or organization can stop you from withdrawing from your provident fund balance. .
The form requires you to fill in the following details:
- Your name as per your payslip
- Your father’s name or husband’s name (married women)
- Provident fund account number (pay slip)
- Reason for leaving the previous service
- Date of leaving the previous service
- Your permanent address
- Your preferred mode of remittance
- Name and address of your establishment
- Contribution for the current financial year
Employees can also file a claim for PF withdrawal using Form 19 on the EPFO website. A new form can be downloaded and filled out and submitted on the website.
Form 10C is used for making claims of PF withdrawals. This form is to be submitted by employees who fall under the age bracket of 50 years, i.e. aged below 50 years.This form is usually submitted with F-19/20 for the following schemes:
- Settlement of withdrawal under old Family Pension Fund
- New Employees’ Pension Scheme (EPS 95)
- Scheme certificate for membership retention (under 58 years)
The form requires you to fill in the following details:
- Name of the claimant
- Marital status
- Name and address of the establishment
- Code and account number
- Date of leaving
- Reason for leaving service
- Are you willing to accept scheme certificate in lieu of withdrawal benefits?
This is given when you opt for payment of withdrawal benefit by cheque.
In 2017, the EPFO launched new EPF Withdrawal Forms that do not require the employer’s signature. The forms are Form 10C UAN, Form 19 UAN and Form 31 UAN. The eligibility criteria for using these forms includes having a UAN that has been activated and also has the individual’s PAN, Aadhaar and bank details seeded with the UAN. Additionally, the employer has to verify the employee’s KYC with a digital signature.
Form 10D is used for making Monthly Pension claims. This form is also submitted along with the F-19/20. If the employee is aged more than 50 years but less than 58 years, he/she will be required to submit Form 10D.
The form requires the following details to be filled up:
- Name of the claimant
- Permanent Address
- Marital Status
- Name and address of the last organisation
- Date of leaving the last organisation
- Reason for leaving the last organisation
- Advance Report and so on
Form 19 UAN
This form is applicable when an employee resigns due to physical disabilities, permanent relocation to a different country and on retirement. Filling the form is fairly simple. The employee has to provide all the details such as UAN, PAN and date of exit from the job. If the tenure at the job was less than 5 years, the employee would also have to submit Form 15 G or Form 15H. However, these additional forms can only be submitted if the annual income of the employee is less than 2.5 lakh.
The employee would also have to submit a canceled cheque with the required bank details for the transfer. Once the form is filled and the required documents are attached, the same should be signed and submitted at the EPFO office.
Form 10C UAN
This form is submitted along with Form 19 when an employee is also claiming amount accumulated under the Employee Pension Scheme (EPS). This form is applicable when the employee resigns before completing 10 years at their job. This can also be used in cases where the employee resigns before completing 10 years of service. All the details of the form such as PAN, UAN, date of joining and date of leaving should be duly filled out and submitted at the EPFO office.
Form 31 UAN
This form is used when an employee wishes to withdraw their EPF or require an advance. All the details of the form such as PAN, UAN, date of joining and date of leaving should be duly filled out and submitted at the EPFO office.
- Can EPF be claimed offline?
- For withdrawal of EPF, is PAN mandatory?
- Is it mandatory to submit Form 15G/H for EPF withdrawal?
- Are there any withdrawal limits for EPF?
- What is the eligibility to withdraw EPF for repayment of home loan?
- What is the process to withdraw the previous employer’s PF if the current employer is also a member of the EPFO?
- Is there any tax that must be paid for withdrawing PF before 5 years of service?
- Is there any limit to the number of times PF can be withdrawn?
Yes, individuals can use the offline withdrawal form for claiming EPF.
Individuals will need to update PAN details if they do not want an additional tax to be reduced from their EPF account. There can a be high tax deducted at source (TDS) of up to 34.6% if PAN details are not updated if one withdraws an amount higher than Rs.50,000.
If individuals withdraw their EPF after 5 years of employment, they are exempted from paying tax. However, to be exempted from paying tax for withdrawing EPF before the 5-year period, Form 15G/H must be submitted.
Depending on the purpose of withdrawal, limits can vary.
|Purpose of withdrawal||Limit of withdrawal|
|Wedding||50% of the contribution made towards PF|
|Home renovation||12 times the individual’s monthly salary|
|Unemployment||75% after one month, the remaining after 2 months of unemployment|
|Medical purpose||Six times the monthly salary or lower than the total corpus|
|Repayment of home loan||Up to a maximum of 90% of the total corpus|
|Retirement||Entire PF balance|
The member must have completed three years of continuous employment in order to be eligible to withdraw PF for repayment of home loan. However, the maximum amount that can be withdrawn is 90% of the corpus.
An individual will not be able to his/her previous PF if the current employer is also a member of the EPFO. The individual must transfer the PF amount from the previous organisation to the current one. This can be done on the EPFO portal by using the UAN details.
Depending on the individual’s slab rate, the PF amount withdrawn before completing 5 years of employment is taxable. There is no TDS deduction if the amount is less than Rs.50,000. If the amount is more than Rs.50,000, the TDS will be charged at an interest rate of 10%. If the amount that is withdrawn and the PAN is not updated, TDS will be charged with an interest rate of 34.608%.
Depending on the reason for withdrawal, PF can be claimed various times.
- PF can be withdrawn a maximum of three time for marriage and post-matriculation education.
- PF can be claimed only once in case of purchasing or constructing a house.
- Before retirement, there is no limit to the number of times, PF can be claimed for medical emergencies and treatment of a critical illness.