Under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 the employees can withdraw their Provident Fund accumulation after fulfillment of certain conditions laid down in the Employees’ Provident Funds Scheme, 1952.

The Finance Act, 2015 has inserted a new provision (Section 192A) on payment of provident fund accumulation due to an employee.TDS can be avoided to to be deducted in case Form 15G/15H is submitted.

For details please refer the note attached above: