Proposed TDS on EPF withdrawal @ 10% – Budget FY 2015-16

Govt. in its budget has proposed TDS @ 10% on EPF withdrawals before the completion of 5 years. EPF is a long term investment. To discourage withdrawal from EPF account (except in cases of termination due to ill health, closure of business, death, etc.), TDS has been proposed @ 10%. However, it has also been…