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EPF Withdrawal

Apply for EPF Withdrawal

      * For Rs. 299

    EPF Withdrawal

    EPF withdrawal claim is made by an employee if he is unemployed or when he retires. 75% of the EPF balance can be withdrawn after one month of unemployment and the remaining 25% can be withdrawn after two months of unemployment. You can make a withdrawal claim by filling the EPF withdrawal form online. Note that you can use the online withdrawal claim facility only if your Aadhaar is linked with your UAN.

    Eligibility Conditions for EPF Withdrawal

    Following are the conditions that an employee must meet in order to be eligible for withdrawing EPF-

    EPF Withdrawal Form/Composite Claim Form

    The PF withdrawal forms that need to be submitted vary depending upon the age, the reason for claiming and whether or not the employee is still working. Employees will have to present the Composite Claim Form in order to make a partial withdrawal or final settlement claim.
    Earlier, documents like Form 19, Form 31 and Form 10C were required to withdraw the amount. However, now these documents have been replaced by a composite claim form which needs the Aadhar details of the employee. The submission of this form does not require attestation of the employer.

    When applying for the withdrawal offline, you are required to fill out the Composite Claim Form which serves the purpose of three forms – Form 19 (For Final PF Settlement), Form 10C (For Pension Withdrawal) and Form 31 (For Part-withdrawal of PF amount).

    Documents Required

    If an employee withdraws his PF amount before 5 years of continuous service, he is liable to facilitate ITR Forms 2 and 3 in order to prove a detailed breakup of the entire amount deposited in PF account every year.

    Benefits of EPF Withdrawal Online

    Hassle-free Withdrawal

    The online process of EPF withdrawal claim saves you from the hassle of visiting the PF office in person and standing in long queues.

    Reduced Processing Time

    With online claims, the amount will be processed and credited into your bank account within 15-20 days of the application. This processing time will further be reduced as per the government plans.

    No need to visit the previous employer for verification

    Unlike offline claims, wherein you have to get your documents attested by the employer, online claims get verified automatically. This is especially helpful for people who have moved to a new city as it saves them from the trouble of mailing documents or travelling long distances

    Limitations of EPF Withdrawal

    Employees can withdraw their EPF corpus only under the following conditions-

    • Construction/Purchase of house
        –  The employee must be in continuous service for 5 years
        –  Only the PF account holder and his/her spouse can apply for withdrawal
        –  The amount that can be withdrawn is limited to 24 times the monthly salary for purchasing or 36 times the monthly salary in case of purchase and construction (both)

    • Repayment of home loan
        –  The employee should be in continuous service for 3 years
        –  Only the PF account holder and his/her spouse can apply for withdrawal
        –  90% of the amount can be withdrawn

    • Renovation of house
        –  The employee should be in continuous service for 5 years from the date of completion of construction of the house 
        –  Only the PF account holder and his/her spouse can apply for withdrawal
        –  An amount equal to 12 times the monthly salary can be withdrawn

    • Wedding

        –  An employee must be in continuous service for 7 years
        –  The PF account holder, his siblings and/or children can apply for withdrawal
        –  50% of the employee’s contribution with interest can be withdrawn

    • Medical treatment
        –  There is no condition of the minimum work time period
        –  The PF account holder, his/her parents, spouse or children can apply for withdrawal
        –  An amount equal to the employee’s share with interest or 6 times his monthly salary, whichever is lower can be withdraw



      Taxation on EPF Withdrawal

      The corpus from EPF withdrawal is exempt from taxation; however, only under certain conditions, which are as follows-
      • The employee must have contributed to the EPF account for 5 continuous years; withdrawals made before the time period of 5 years are not tax-free
      • The EPF amount is taxable if there is a break in the 5 year time period; in which case, the entire amount will be taxed
      • TDS is deducted on premature withdrawal of the EPF corpus, only in case if the amount is more than Rs. 50,000
      • If an employee provides their PAN card with the application, TDS of 10% will be payable; whereas a 30% TDS plus tax will have to be paid if the employee fails to provide their card
      • Employees need to fill Form 15H/15G as a declaration if their total income is not taxable
      • If an employee chooses to transfer funds from their PF account towards the National Pension Scheme (NPS), they will not be liable to pay tax on such withdrawal
      • If an employee has claimed exemption on EPF contribution for the previous years on EPF as per Section 80C, they will be liable to pay tax on employee’s contribution, employer’s contribution and interest on each deposit. However, if they did not claim it in the previous year, the employee’s contribution part will be exempted from tax
      • The tax that the employee is liable to pay will depend upon his salary in the year of withdrawal

      How we Work?


      Fill the form & make the payment


      Get the Call from PF Expert


      Upload the Details as requested for PF return


      PF Expert will prepare for PF return


      Congratulations! Your PF return is now filed

      Points to Consider Before Applying for EPF Withdrawal

      Frequently Asked Questions (FAQs)

      EPF withdrawal is exempted from tax if withdrawn after a service period of 5 years. However, if the withdrawal is made before the completion of 5 years, the member has to pay tax on the withdrawn amount. If the member furnishes Form 15G/H, no TDS is deducted at the time of withdrawal.
      If you withdraw your EPF amount before completing 5 years of service, then you will be liable for payment of TDS at 10%. However, if the withdrawn amount is less than Rs. 50,000, no TDS will be deducted. Additionally, if you have not provided you PAN at the time of withdrawal, you will have to pay TDS at the rate of 30%.
      EPF withdrawal limit depends on the purpose for which the withdrawal is claimed.

      Medical Purpose Lower of the total corpus or six times the monthly salary
      Wedding 50% of PF contribution
      Home Loan Repayment Up to 90% of the EPF corpus
      Home Renovation 12 times the monthly salary
      Retirement Total EPF Balance
      Unemployment 75% after 1st month and 25% after 2nd month of unemployment
      The primary requirement for the member to withdraw EPF for home loan repayment is that the member should have completed three years of continuous service. Also, the maximum amount that can be withdrawn for the purpose is 90% of the EPF corpus
      You can fill EPF withdrawal form offline if you do not wish to use the online platform. In case you want to use the online method, you will have to log in to the EPF member portal using your UAN and password.
      If you are currently employed and you have opened a new PF account linked with the same UAN then you are not eligible to withdraw your last EPF balance. It is advisable to transfer the balance to the new PF account by logging in to the EPF Member e-Sewa Portal and opting for the “One Member-One EPF Account (Transfer Request)” option in the “Online Services” drop-down menu.
      However, if you are currently unemployed for more than two months then you can claim for the total withdrawal of your EPF funds by filling in Form 19.
      PAN is required during EPF withdrawal/settlement in order to keep away from tax deductions. If you fail to submit PAN, the tax deducted at source (TDS) can be as high as 30%.
      How many times can I withdraw the PF money in advance online?
      PF advance can be claimed on various but pre-specified grounds. Please read Situations when you can make a pre-retirement withdrawal from EPF to check if you are eligible to make PF advance claim.
      The frequency of withdrawal varies depending on different factors. As per the latest rules,
      • You can make PF withdrawal for marriage not more than three times.
      • Similarly, for post-matriculation education, you can claim for withdrawal of your PF fund for a maximum of three times.
      • If you are purchasing a house/plot or constructing a house then you can claim for PF advance only once.
      • On critical illness/ medical emergency grounds, there is no explicit limit on the number of times you can raise a claim for PF withdrawal before retirement.
      EPF can be withdrawn without PAN. However, if you do so, you will be liable for a TDS deduction of 30% from the claim amount.
      If you withdraw your EPF amount before 5 years, then you will be liable for TDS deduction of 10% (if you show your PAN at the time of withdrawal; if you fail to do so, then TDS to be deducted will be at 30%). However, if you withdraw your EPF after 5 years of continuous service, then it will be tax-free.
      If the EPF is withdrawn before 5 continuous years of service, then TDS at the rate of 10% is deducted. However, you will have to facilitate your PAN at the time of withdrawal. If you do otherwise, TDS at the rate of 30% will be deducted. Additionally, if the employee transfers funds from his PF account to NPS, he will not be liable to pay any tax.
      The withdrawals from EPF are considered income for the employee and should be mentioned under the head ‘Income from salary’. If you have withdrawn money from your EPF account, then you may report the same at the time of filing the ITR by selecting ‘Section 10(12) Recognized Provident Fund’ on the portal.
      If you apply for EPF withdrawal online, then you don’t need to seek your employer for verification. Additionally, to be able to claim withdrawal online, you must have your PAN and Aadhaar linked with your UAN account.
      Yes, you can withdraw EPF while you are working. However, a few conditions must be met for the same. One can only withdraw his/her EPF amount before retirement if-
      • he/she has to purchase/construct a house
      • wedding of himself/herself and/or child
      • any medical illness
      An employee can withdraw his EPF amount any time he wishes to. However, the maximum that can be withdrawn is either the total employee’s share or six times his wage, whichever is lower. The number of times that you can withdraw for a similar reason is 3.
      EPF can be withdrawn only under certain conditions such as medical illness, the wedding of the EPF account holder or his children, or house purchase and/or construction or on retirement.

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      Melbourne, Australia
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