TDS on premature EPF withdrawals: withholding on employer contribution and interest where five year service conditions are unmet.
Section 192A mandates withholding on taxable premature withdrawals from Recognised Provident Funds when an employee leaves before five years without qualifying exceptions; trustees or authorised payors must deduct tax at the time of payment on the employer's contribution and related interest at a specified rate, subject to PAN-based rates and a monetary threshold, with prescribed declarations preventing deduction in eligible cases. (AI Summary)