No TDS for provident fund withdrawals of up to Rs 50,000 from June 1
May 30, 2016, 22:07 (IST)
"The Finance Act, 2016 has amended section 192A of Income Tax Act, 1961 to raise the threshold limit of PF withdrawal from Rs 30,000 to Rs 50,000 for Tax Deducted at Source (TDS)," a central government notification stated.