How To Link PAN With EPF Account Online And Offline
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As per the regulations of the Indian Government, citizens must link PAN with EPF (Employees Provident Fund) account. This can help them save on taxes. As per the current rules, for individuals with less than 5 years and a salary of more than Rs.30,000, a TDS of approximately 34.608% will be deducted if they are not able to submit PAN card details. However, linking PAN with the EPF account would reduce the TDS to 10%.
To know how to link PAN with EPF online and offline, keep reading!
Table of contents
A Brief Overview of EPF Account
As per the rules set by the Government of India, salaried employees are entitled to obtain retirement benefits in the form of the Employees’ Provident Fund. The Employees’ Provident Fund Organisation (EPFO) controls its functioning. Companies with more than 20 employees are required to register with EPFO. It enables employees to save a part of their income. The consolidated amount can be utilised by employees post-retirement or in emergency situations.
How to Link PAN With EPF Account Online?
- To log in to your PF account, visit the Employees’ Provident Fund Organisation (EPFO) portal and submit your Universal Account Number (UAN) and password.
- Navigate to “Manage” and click on “KYC.”
- You will find a list of documents. Select PAN from the list and enter details such as 10-digit Permanent Account Number and name.
- Tap on “Save.”
- After proper verification, your PAN gets linked to your EPF account.
How to Link PAN with UAN Number Offline?
Follow these steps to link your PAN with the EPF account:
- Visit your nearest EPFO branch and obtain an EPF-PAN linking form.
- Enter details such as PAN card number, name, UAN etc.
- Submit the form along with self-attested copies of PAN and UAN.
- After proper verification, you will receive status details of your PAN-EPF linking on your mobile number and email ID.
How to Get a PF Account Number by Using Your PAN card?
- Go to the EPFO portal and click on “Activate UAN.”
- Enter your name, date of birth, phone number and CAPTCHA code.
- Tap on “Get Authorisation Pin.”
- You will receive the authorization pin on your registered phone number.
- Submit this pin and select “Validate OTP and Activate UAN” to activate your account.
You will receive your UAN credentials on your linked mobile number. Sign in to the portal and view your PF account number under the member profile.
Also Read: How To Access Your PAN Card Details Online?
Top Reasons to Link PAN with EPF Account
The Income Tax Act makes it mandatory for all employees to link their PAN and Employee Provident Fund accounts. This helps in minimising tax evasion and also helps save tax in the following ways:
- Normally, TDS will be deducted at a rate of 10% if the EPF account is linked with PAN. That said, TDS at a rate of 20% will be applicable if PAN is not linked. A late fee of Rs. 200 is further charged for each day the linking is left undone. That said, keep in mind that the late fee cannot exceed the TDS amount.
- The new circular for Income Tax Act states that PF accounts not linked with PAN will be subject to tax deductions at rates specified by the relevant provisions of Section 206AA of the Income Tax Act or at the rates in force, or at a rate of 20%.
How to Merge Two UANs?
The Income Tax Act states that employees holding an EPF account can have only one Universal Account Number. However, if they receive two UANs, they need to merge these into one. To do that, one can follow these steps::
Step 1: Visit the official EPF website and log in using your UAN and password.
Step 2: Select ‘One Member – One EPF Account’ from the online services dropdown menu.
Step 3: Verify your information and click on get details to check your PF details.
Step 4: After verification, enter the OTP sent to your registered mobile number, and click on ‘Submit’.
Step 5: Fill out Form 13 and enter all the relevant details.
Step 6: The platform will generate a Tracking ID which will help track the progress of the merging process.
Step 7: Send your employer a signed copy of this form within 10 days.
Step 8: After full verification and approval by the employer, your old UAN will be transferred and merged.
Also Read: PF Withdrawal Rules As Per The EPFO Guidelines: Common Rules and Latest Updates
Final Word
Due to the Employees’ Provident Fund Organisation’s digital initiative, linking your PAN with an EPF account has become hassle-free and seamless. To link your PAN details with your EPF account, you may choose the online or offline process. Linking EPF with PAN is mandatory and will also help you save on taxes.
FAQs on How to Link PAN with EPF
Ans: To link your PAN and EPF details with your bank account, you can sign in to the official EPFO web portal. On finding the “KYC” tab, you need to click on “Manage”. Then, enter your bank account and PAN details. After you click on “Save”, the information will be stored in your account.
Ans: Individuals can link their Universal Account Number (UAN) without the intervention of an employer. All they need to do is log in to the EPFO portal. On the home page, an “e-KYC Portal” is available. After clicking on it, employees must select “Manage” and choose the document kind as bank and enter necessary details. Finally, after clicking “Save,” they will be able to complete the linking process.
Ans: Follow these steps to know whether your PAN is linked to UAN:
Visit EPFO’s Unified member portal.
Log in by entering your credentials.
Under the member profile, check the PAN option.
The status of PAN linking with UAN will be available on the screen.
Ans: If the name of the PAN and that in the EPF account does not match, there will be a problem while linking the two accounts. This happens because the system will not be able to verify the KYC details. Consequently, you would not be able to claim the PF amount successfully.
Ans: You can link Aadhaar with your PF account by following the steps mentioned below:
– Visit EPFO’s official portal.
– Enter your login credentials- UAN and password.
– From the “Manage” section, select “KYC.”
– Choose “Aadhaar” from the available options on the next page.
– Enter your Aadhaar number and name. Click on “Save.”
– Aadhaar verification from UIDAI’s data will take place.
After successful verification, you will find “Verified” written against your Aadhaar details. This means that your Aadhaar is successfully linked with your PF account.
Ans: Withdrawal of PF amount without PAN is possible for the amount not greater than Rs. 30,000 following a TDS deduction of 10%. However, for amounts higher than Rs. 30,000, a higher TDS rate will be applicable.
Ans: To solve this issue, you can raise a grievance on the EPFO portal. EPF officials will check your profile, scrutinise your issue and get back to you.
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This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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