Tax deduction on provident fund withdrawals: PAN omission no longer triggers higher-rate withholding, altering withholding compliance.

The amendment omits the second proviso to section 192A, which had required furnishing of PAN by recipients of accumulated balances under the Employees' Provident Fund Scheme, 1952 and imposed deduction at the maximum marginal rate if PAN was not furnished; the operative effect is to remove that PAN-triggered higher-rate withholding while preserving the section's standard tax deduction mechanism, effective from 1st April, 2023.

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