Hi, Please clarify if the individual has to to attest or employer has to attest PAN copy and 15G for settelment of PF.
From India, Bangalore
From India, Bangalore
Submission of Form 15G and PAN Card Attestation
Employees will have to attest their PAN card and sign Form 15G before submission. Please submit Form 15G with care.
A false or incorrect declaration in Form 15G attracts a penalty under Section 277 of the Income Tax Act. Prosecution includes imprisonment, which may range from three months to two years along with a fine. The term can be extended up to seven years with a fine, where the tax sought to be evaded exceeds ₹25 lakh.
Eligibility Criteria for Filing Form 15G
The basic two conditions for filing Form 15G are: one, the final tax on the estimated total income computed as per the provisions of the Income Tax Act should be nil; and two, the aggregate of the interest (excluding interest earned on securities) received during the financial year should not exceed the basic exemption slab, which is ₹2.5 lakh. If these criteria are met, you may submit Form 15G.
So, review your total income during the year before submitting Form 15G.
From India, Pune
Employees will have to attest their PAN card and sign Form 15G before submission. Please submit Form 15G with care.
A false or incorrect declaration in Form 15G attracts a penalty under Section 277 of the Income Tax Act. Prosecution includes imprisonment, which may range from three months to two years along with a fine. The term can be extended up to seven years with a fine, where the tax sought to be evaded exceeds ₹25 lakh.
Eligibility Criteria for Filing Form 15G
The basic two conditions for filing Form 15G are: one, the final tax on the estimated total income computed as per the provisions of the Income Tax Act should be nil; and two, the aggregate of the interest (excluding interest earned on securities) received during the financial year should not exceed the basic exemption slab, which is ₹2.5 lakh. If these criteria are met, you may submit Form 15G.
So, review your total income during the year before submitting Form 15G.
From India, Pune
Hi, my name is Nisha. I resigned from my job on May 21st, 2015. For PF withdrawal, I received an email stating that I should provide a PAN card copy along with Form No. 15G. However, I am not sure how to fill it out, and I am unfamiliar with tax procedures. Please advise me.
From India, Chennai
From India, Chennai
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