The Employees Provident Fund (EPF) is a saving scheme introduced, under the Employees Provident Fund and Miscellaneous Act, 1952, with an aim to promote savings which can be used post-retirement of an employee. Section 192Awas inserted vide the Finance Act 2015 applying the tax deduction at source (TDS) provisions in case of the premature withdrawal from Employees Provident Fund.

The current article highlights the provisions of section 192A covering basic provisions, time of deduction of TDS, the rate of deduction of TDS, the due date of deposit and filing of return and the circumstance under which TDS is not deductible under section 192A.

Read more on: https://taxguru.in/income-tax/section-192a-tds-premature-withdrawal-epf.html