New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Premature withdrawal from EPF comes under which

    section? 
    A 194A Correct Answer Incorrect Answer
    B 193 Correct Answer Incorrect Answer
    C 192A Correct Answer Incorrect Answer
    D 192 Correct Answer Incorrect Answer

    Solution

    Premature withdrawal from EPF (Employee Provident Fund) comes under Section 192A of the Income Tax Act, 1961. Section 192A deals with the provisions related to TDS (Tax Deducted at Source) on premature withdrawal of accumulated balance from a recognized provident fund, including EPF. If an individual withdraws their EPF balance before completing five years of continuous service, TDS is applicable under this section.

    Practice Next