Form 15G is a self-declaration form that can be filled out by individuals below 60 years of age and Hindu Undivided Families (HUFs) to ensure that no TDS (tax deduction at source) is deducted on the interest earned from their EPF, RD or FD. If you dont want TDS to be deducted from your PF withdrawal amount, Form 15G is mandatory. Section 192A of the Finance Act 2015 states that PF withdrawal will attract TDS if the withdrawal amount is more than Rs.50,000 and your employment tenure is of less than 5 years.

You can download Form 15G from EPFO’s online portal, the websites of major banks, or the Income Tax Department’s official website. You can also submit Form 15G online via EPFO’s online portal.

To fill out Form 15G for PF withdrawal, you are required to fill out only Part I of the form. Here are the fields you need to fill out in the first segment of Form 15G:

1. Name of the Assessee (Declarant) – Name as mentioned on your PAN Card
2. PAN of the Assessee – PAN card number
3. Status – Individual/HUF
4. Previous Year – The financial year for which the declaration is being made
5. Residential Status – Resident/Non-Resident
6. Address – Address of the declarant
7. Email ID and Contact Number – Contact details of the declarant
8. Nature of Income – EPF withdrawal
9. Estimated Income for which this declaration is made – The estimated income for the financial year for which the declaration is being made
10. Details of Form No. 15G other than this form filed during the previous year, if any – If you have filed Form 15G in the previous year, you need to mention the details of the same.

Remember that Form 15G is not mandatory for PF Withdrawal if your total withdrawal amount is less than ₹50,000. In that case, there will not be any Tax Deducted at Source (TDS). However, if your withdrawal amount exceeds the mentioned threshold, you will have to pay 10% TDS (for withdrawal before 5 years) .