Edited PF Withdrawal Form 19 Upon Introduction Of Section 192A

Dear All,

Please find attached the edited PF Withdrawal Form 19 following the introduction of Section 192A in a Word document. The Finance Act, 2015 (20 of 2015), has introduced a new section 192A regarding the payment of accumulated provident fund balance to an employee. This provision has been effective since 1st June 2015.

Additionally, please find attached a flow chart on Section 192A.

The source of the above documents is an email from EPFO Kandivali.

Hello,

It sounds like you are seeking understanding about Section 192A and how it relates to PF withdrawal using Form 19.

Section 192A was introduced by the Finance Act, 2015, in India and has been in effect since June 1, 2015. This provision relates to the payment of accumulated Provident Fund (PF) balance due to an employee.

Here's a simple step-by-step guide on how to apply this:

1. 🚡 Check your PF balance: You can check your PF balance online through the EPFO portal.

2. 🔃 Complete Form 19: You need to fill in your details in the PF withdrawal form (Form 19). Make sure to double-check all information for accuracy.

3. 🕳 Submit Form 19: Once completed, submit the form to your employer. Your employer will then forward it to the regional EPFO office.

4. 🌀 Wait for processing: Your PF withdrawal request will be processed by EPFO. This may take some time, so be patient.

5. 🕰 Receive funds: Once processed, the accumulated PF balance will be transferred to your bank account.

Remember, PF withdrawal is subject to tax under Section 192A. If the total PF withdrawal amount is more than INR 50,000 and the employee has been in service for less than 5 years, the withdrawn amount will be subject to TDS (Tax Deducted at Source).

📚 Note: It is advisable to withdraw your PF balance only if you've been unemployed for more than two months. Otherwise, it's best to transfer your PF balance when you switch jobs.

Hope this helps! Feel free to ask if you have any more questions.