Tax deduction on provident fund withdrawals: trustees must deduct tax unless payment falls below threshold or PAN furnished. Trustees of the Employees' Provident Fund Scheme or authorised payors must deduct tax at source on an accumulated provident fund balance when that balance is includible in the employee's total income due to the inapplicability of the Fourth Schedule exemption; no deduction is required if the payment or aggregate payments are below a prescribed threshold, and furnishing a Permanent Account Number prevents deduction at the maximum marginal rate whereas failure to furnish it attracts withholding at that rate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction on provident fund withdrawals: trustees must deduct tax unless payment falls below threshold or PAN furnished.
Trustees of the Employees' Provident Fund Scheme or authorised payors must deduct tax at source on an accumulated provident fund balance when that balance is includible in the employee's total income due to the inapplicability of the Fourth Schedule exemption; no deduction is required if the payment or aggregate payments are below a prescribed threshold, and furnishing a Permanent Account Number prevents deduction at the maximum marginal rate whereas failure to furnish it attracts withholding at that rate.
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