Provident Fund Withdrawal: When TDS, When No TDS ..!

The Finance Act 2015 has Inserted a new section 192A regarding the Tax Deducted at Source (TDS) on payment of accumulated provident fund (PF) balance due to an employee, The provision shall take effect from July 1, 2015 (01.06.2015) 

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Where the accumulated balance due & becoming payable to an employee participation in a recognised provident fund maintained by his / her employer includes any amount transferred from his/her individual account In any other recognised provident fund or / funds maintained by his/her former employer or employers, then, 'in computing the period of continuous service for the purposes of clause

(I) or clause (Ii) the period or periods for which such employee rendered continuous service under his former employer or employers aforesaid shall be included. 

Provisions related to TDS on withdrawal from Employee Provident fund Scheme, 1952
No TDS in respect of the following Five cases:-

(1)Transfer of PF from one account to another PF account.

(2)Termination of service due to ill health of member / discontinuation of Business by employer / completion of project / other cause beyond the contra of member.

(3) If employee withdraws FF after a period of 5 year

(4) If PF payment is less than Rs, 30,001. But,  the member has rendered service of less than 5 (Five) years.

(5) If employee withdraws amount more than or equal to Rs. 30,000 with service less than 5 years but submits Form 15H/ 15G along with their PAN

TDS will be deducted in respect of the following 2 cases:

If employee withdraws amount more than or equal to Rs. 30,000, with service less than 5 years, then

(a) TDS will be deduced kb 10% if Form-15G/15H Is not submitted provided PAN is submitted.

(b) TDS will be deducted at maximum marginal rate (ie. 34.608%) if employee fails to submit PAN.

Important Five Notes:

(1) TDS Is deductible at the time of payment.

(2) Its will be deducted under Section 192A of  Income Tax Act, 1951.

(3) Form 15H is for senior citizens (60 years and above) and Form 15G is for individuals having no taxable income Form 15G and 15H are self declaration and may be accepted as such in duplicate.

(4) PF Members must quote PAN in Form No.- 15G or 15H 

(5) Form No 15G and 15H can not be accepted if amount of withdrawal is more than Rs. 2.5 Lac and Rs. 3 Lac respectively


New Rules from June 1, 2015: TDS on Withdrawal of Provident Fund..!

The Finance Act 2015 has Inserted a new section 192A regarding the Tax Deducted at Source (TDS) on payment of accumulated provident fund (PF) balance due to an employee, The provision shall take effect from June 1, 2015 (01.06.2015)

Income Tax shall be deducted at source TDS at the following rates,

If at the time of payment of the accumulated PF balance is more than or / equal to Rs. 30,000 with service less than 5 (Five) years:-

(a) TDS will be deducted at 10% , provided Permanent Account Number (PAN) is submitted, (In case Form No. 15G or / 15H is submitted by the member, then no TDS shall be deducted)
(b) TDS will be  deducted at maximum marginal rate ({i.e. 34.608%) if a member falls to submit PAN (and Form No 15G or / 15H),

TDS shall not be deducted In respect of the following cases--

* Transfer of  PF from one account to another PF account.

* Termination of service due to ill health of member, dis- continuation / or contraction of business by employer, completion of project or / other cause beyond the control of the member.

* If employee withdraws PF after a period of five years of continuous service, including service with former employer.

* If PF payment is less than Rs. 30,000.  but the member has rendered service of less than 5 Years.

* If employee withdraws amount more than or / equal to Rs. 30,000, with service less than 5 years but submits Form I5G / or 15H along with their PAN.

A flow-chart is appended for understanding the implications of the amended provisions in the income Tax Act 1961.

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Kindly take note that TDS is deductible at the time of payment of provident fund in Form No. 19_ Form No. 19. Form no 15H is for senior citizen(60 years & above) while form 15G is for individuals having no taxable income.

Form 15G & 15H are self-declarations and may be accepted as such in duplicate.

Form 15G and 15H may not be accepted if amount of withdrawal is more than Rs. 2.5 lac and Rs. 3 lac respectively.

PF Members shall quote PAN in 15G / 15H forms

15H / 15 G can be submitted if Tax liability of the person is Nil .

Members who have rendered continuous service or 5 years or more, including service with former employer, shall not be required to submit.

PAN and Form No. I5G / 15H. Similarly, Pf members whose service has been terminated due to his/her ill health / contraction or dis-continuance of business of employer or / other cause beyond the control of the member shall not be required to submit PAN , Form No, 15G / 15H .

In such cases, no income tax (IDS) shall be deducted in terms of Rule 8 of Fourth Schedule to the income Tax Act, 1961.


Exclusion from total income of accumulated balance,-

The accumulated balance due and becoming payable to an employee  participating in a recognised provident fund shall be excluded from the computation of his /her total income—

(i) if he/she has rendered continuous service with his/her employer for a period of 5 years or more, / or

(ii) If, though he/she has not rendered such continuous service the service has been terminated by reason of the  employee's ill-health, or / by the contraction or / discontinuance of the employer's business or other cause beyond the control of the employee, or

(iii) if, on the cessation of his employment, the employee obtains employment with any Other employer, to the extent the accumulated balance due & becoming payable to him Is transferred to his individual account in any recognised provident fund maintained by such other employer. 

Home Loans, Car loans, Education Loans: SBI Loan Approval Now Goes Online..!

Government-owned lender State Bank of India (SBI) launched Online Customer Acquisition Solution (OCAS), an online platform to apply for housing loans, car loans, education loans and personal loans.

The application will help the customers gauge their eligibility and get a quote personalised to their requirement. The SBI customer will instantly get an e-approval on filling the online form. Thereafter, the Bank officials will contact the customer and complete all the loan formalities,” SBI said in a statement.

The bank Customers can even upload all necessary documents online, reducing the processing time of their loan. A similar application will shortly also be launched on the mobile platform as well.

“India is witnessing one of the highest growth rates of internet users and to cater to this segment SBI has customised this platform for an enhanced customer experience,” the statement added.

SBI has been going aggressive on its technology platform, in an attempt to change the way public sector banking is viewed.

Life Cell wins Google SME Heroes Challenge Regional Award from Chennai

Google also announce plans to get 20 million SMEs online by 2017

Celebrating small and medium businesses who have excelled in innovative use of Internet to expand their business, Google India announced the winners of Google SME Heroes Challenge in Delhi at a grand finale, presided over Mr. Amitabh Kant, Secretary, Department of Industrial Policy & Promotion (DIPP) – Ministry of Commerce & Industry. In the finale, Life Cell was among the national finalists of 25 SMEs and was unanimously chosen as the regional winner amongst top 5 SMEs in Chennaiby an external Jury comprising of Mr.KunalBahl, Co-Founder & CEO, Snapdeal, Mr. Bikky Khosla, CEO, and Mr. Deep Kapuria, Chairman, CII Trade Fairs Council.

Mr. V. Ravi Shankar, Chief Marketing Officer of Life Cellreceived the award and was immensely appreciated for using the online platform tonot only increase awareness about the services but also educate users about the benefits of investing in Life Cell. In addition to the award ceremony, Google India also announced the launch of a nationwide initiative to help small medium businesses to go digital and get online presence on Google search and Google maps, without having to invest in a website or domain. As part of this new initiative, Google India will get 20 Million SMEs online by 2017 by using a simple mobile based app called, ‘Google My Business’, that will help businesses to create and manage their business information across Google products for free in both Hindi and English. 

V. Ravi Shankar,
Chief Marketing Officer,

With over 300 million plus Internet users and over 6 million new Internet users coming online every month, Indian users are increasingly looking for information about businesses online. There is a massive information gap for local businesses on the Internet today, out of the total 51 million SMEs in India, less than 5 to 6 percent have an online presence. With this new product, Google aims to bridge this gap through a massive feet on street initiative to help SMEs all across in India to get online.  

Congratulating the winners, RajanAnandan, VP & Managing Director, Google South East Asia & India, said, “In the next three years India will have over 500 million Internet users - and these users will need access to all kind of information of local businesses in their local languages. We’re excited to award small and medium businesses, who are excelling in using Internet as a medium to grow their business and meeting the needs of Indians as they go online for their business needs. ”

SMEs have been central to Google’s success globally and have been strategic focus for us in India.  Google My Business is our first mobile based product initiative for SMEs and we have seen immediate adoption of it in India, in the last 5 months during our pilot phase, over a million SMEs have found a place on the Internet, and we are engaging 25000 new SMEs every week. Our moon shot - aim is to get 20 million SMEs online in the next three years.” he added.

From (L to R) Rajan Anandan, VP & Managing Director, Google South East Asia & India, Bikky Khosla, CEO, and Deep Kapuria, Chairman, CII Trade Fairs Council, V. Ravi Shankar, Chief Marketing Officer, LifeCell
Congratulating the winners, Mr. Deep Kapuria, Chairman, CII Trade Fairs Council said, “In the last five years, Internet has had a direct impact on how both consumers and businesses engage with each other. SMEs are the backbone of our economy, it is estimated, that the share of Micro, Small & Medium Enterprise (MSME) contribution to Indian GDP will significantly increase from the current 38% to 50% by 2024. India’s huge and diverse base of SMEs can benefit immensely from the Internet and we must work hard to ensure SMEs in India better understand the power of the internet to win in this digital age. I would like to congratulate the regional winner of Google’s SME heroes challenge and hope that more businesses will take inspiration from them.”


Make Homes More affordable, 90% people in Most Cities Can Not Afford One’

Make Homes More affordable, 
90% people in Most Cities 
Can Not Afford One’

 The Royal Institution of Chartered Surveyors (RICS) organized a real estate conference here, titled: ‘Indian Real Estate: Fit for Future? – Time for Concerted Action’.

With the advent of new technology, regulatory reforms and economic challenges, the sector is at a stage of evolution where it is exposed to ‘change’ and there is some resistance to adapt to it. 

However, there is little choice for the sector but to embrace change wholeheartedly if it has to compete in an increasingly global marketplace.

The biggest driver of change, among several others, is the real estate regulation bill, which once enacted, will bring significant change in the way real estate industry functions. 

Apart from the bill, there are changes like increased urbanization – with approximately 500 million people expected to inhabit cities by 2020; targeted infrastructure investment of an additional Rs 70,000 crores; increased private participation in infrastructure; and material as well as technological advancements.

A high-powered concluding debate among the senior-most panellists was on ‘Creating history or history repeating?’ – moderated by Ramesh Nair, COO and International Director, JLL India. The panellists were M R Jaishankar, CMD of Brigade Group; Sushil Mantri, chairman & MD of Mantri Developers; J C Sharma, vice chairman and managing director, Sobha Ltd; Ashish Puravankara, MD and CEO of Puravankara; M Murali, managing director, Shriram Properties; Chanakya Chakravarti, MD and head, acquisitions, J P Morgan Asset Management Global Real Assets, Real Estate India; and Manisha Natarajan, senior VP, corporate affairs and senior editor, real estate, NDTV.

Here are the key remarks from the panellists around the main talking points:
  • Based on experiences from previous business cycles, what must the market avoid going forward? How will the rules of the game change given sales are no longer easy?

Chakravarti: “Markets are always evolving and developers need to give a professional level of service to customers, who are getting empowered through technology and media. Developers should give up their day-trader mentality.”

Jaishankar: “Real estate is a cyclical business and developers need to always take risk into account.”
Mantri: “Slowdown is a good time to learn. With every cycle, the industry learning increases by one digit. This time, it is in the range of Rs 100 crore. Affordability is one of the biggest learnings.”

Natarajan: “Real estate market goes both ways – up and down – and the party has to stop sometimes.”

Murli: “Developers should not to be categorized as good or bad but as aggressive and passive.”

Purvankara: “Real estate cycle has come down to months from years, internet is impacting the business, buyers expectations have changed, developers need to focus on execution as his current delivery matters, not past.”

Sharma: “The global financial crisis has taught the industry to focus on cash flow, the size of apartments, and not taking the customer for granted. Increasing transparency is another learning.”
  • Will the Real Estate Regulator in India have ‘teeth’ and how will it regulate the market going forward? Are the current provisions enough? What more is needed?

Chakravarti: “Even Africa has a real estate regulatory act.”

Mantri: “RERA can be only effective if the government can deliver. The government departments should also be bought under RERA.”

Natarajan: “RERA in its current form has teeth and is perfect. The delay in redressals will be addressed by it.”

Murli: “RERA is like signing divorce papers before marriage. Self-regulation is most important, for example, in truck finance, there are 55 lakh truck drivers who have applied for loans but have a default rate of only 1.5%. Today the problem is saying no to bank as there is so much capital.”

Sharma: “RERA will increase corporate governance among developers. Anything good for the customers, is good for the developers too.”
  • Given the potential of the Indian Real Estate market, what does India need to do differently to compete for, and attract, foreign investments and capital?

Chakravarti: “Funds made a mistake in 2008-11 when they didn’t evaluate enough. Some funds could be repeating history by making the same mistake. This uncertain period will help differentiate the men from the boys.”

Jaishankar: “If title insurance is introduced, it will help increase FDI. The government needs to ease FDI rules to bring in more foreign investments. The next two-three years will see more supply than demand in India.”

Purvankara: “India story is strong abroad. Single window clearance can help attract more FDI.”

Mantri: “There was no shortage of capital over the last two years and it is not expected for the next three years. FDI flowing into India could cross the previous peak achieved in 2007.”
  • What is going to drive success in future – residential or commercial development or something else?
Chakravarti: “Transport network is the solution to make real estate more affordable.”

Jaishankar: “Media should not call it ‘unsold inventory’ but ‘to-be-sold inventory’. Contractors need to change their mindset towards skill development of labour.”

Mantri: “In Bangalore, if developers deliver affordable homes, the demand could go up further. The current demand is 50,000 units per annum and if more affordable homes are constructed, it can go up to 2.5 lakh units. If government gives approval in one day, it will help projects become 25% cheaper.”

Natarajan: “Developers need to introspect and make homes more affordable because 90% of our people in most cities cannot afford to buy a home. The maximum number of cases in Indian courts are against developers. Developers need to think of it as a home, not as a stock.”

Purvankara: “Developers should focus on developing more smart homes, design more efficient sizes of apartments (by increasing carpet area) and reduce dependence on labour by increasing usage of technology.

In his concluding remarks, Nair said, “Managing risks effectively by constantly evaluating costs, reviewing risk management policies, assessing regulatory risks are important lessons. Likewise, concentrating on long term health and creating a sustainable organisation by assessing business processes and key metrics as also re-examining talent needs are all key learnings. Developers need to focus on professional management, brand building, strategic partnerships and investor relations

Vastu Solutions For Industries..!

Internationally renowned vastu Jhajharia expert says Vimal that vastu corrections can be done with the famous vastu shankh yantra, an original conch shell, filled with metallic elements and charged (pran-pratishtith) with positive energies, a divine gift from their guruji, the great Himalayan yogi, Swami Murghanandji.

Endorsing the vastu shank yantra, industrialist Mr. Raghav Agarwal says, “We have a factory which was not doing well. There were problems related to shortage of labour, raw materials, machine breakdowns, etc.

Though money was coming in, it was not staying, and expenses were increasing by the day. When I showed Vimalji and Vikasji the factory, we realised that the machine placements were not according to vastu principles. Also, the southern side had more open space and windows than the northern one. Vimalji used shankh yantras in different locations to rectify this defect without any demoli tion or changes and then, miraculously, the problems started diminishing one by one. Our sales started increas ing and money started accumulating.“

Vimal Jhajharia and Vikas Jhajharia have traveled widely and provided consultancy on major projects. They currently provide consultancy in the USA, the UK, Australia, Canada, China, Hong Kong, Singapore, Thailand, South Africa, UAE, South America, etc.

Vikas, the third generation in his family to do vastu and an MBA graduate from Australia, said of his recent vastu tour of the USA and Canada, “After placing the yantras in the factories, the production capacity increases, labour issues are resolved and sales orders start pouring in. It's been tried and tested successfully in more than 30 countries over a period of more than 25 years by my grandfather, father and myself. Many factories, offices and MNCs are using the vastu shankha yantra to maximise their profitability levels.“

For details, contact

Mr. Vikas Jhajharia Cell: 09839704470 07388578888,098390 31207,

E -mail: jhajhariavikas@hot,

Web Site

Facebook: http:www.facebook.comVastukalp

Invest Xpo 2015: July 11 &12 2015 at Coimbatore

 Team and Trade Expos Inviting to Exhibit / Sponsorship Request for “INVEST XPO’15” 

Venue & dates: 
Suguna Hall, Avinasi Road,Coimbatore. Date: 11&12 July 2015

2015 INVEST EXPO an Exhibition for Banking, Insurance, Share Market, Mutual Funds, Commodity, Real Estate & Franchise sectors, scheduled to be held at various cities of India (Chennai, Coimbatore, Bangalore, Hyderabad, Cochin etc.,) between June 2015 to March 2016

It is one of the largest financial investment & business opportunities exhibition, to be held for the first time in all the important cities of SOUTH INDIA.

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The 1st edition of Invest Xpo’15 was organized during 2015 Feb 14&15 at Chennai Trade Centre, Chennai. The First edition has proved to be a memorable event, successful beyond expectations of the Exhibitors, visitors and the media. The response to the Show has been so overwhelming in the first day itself! Invest Xpo’15 has been a resounding success not only in terms of planning or creativity but also in the investment awareness among the target audience - it generated in two days. 

The visitors and the exhibitors were highly impressed with the Expo & Seminar, the management and the business environment at the Show. Around 50 Exhibitors including Government organizations such as RBI, SEBI, BSE, NSE, CDSL, NSDL and MCX have all participated in this expo and concurrently 2 days Seminar & technical workshop were conducted with eminent speakers invited from all over India.

This Fair is organized with exciting program outline, bound to captivate the investing community. This Trade show is for Finance advisors, Chartered Accountants, Bankers, Fund Managers, Insurance Companies, Share Market, Commodity Consultants, Insurance Agents and other financial service representatives. Financial & Investment Trade Shows in India provide an excellent opportunity to all the banks, finance & investment companies to reach out to common people and provide information on their latest products and services.
           INVEST XPO ‘15 is presented by Team and Trade Expos a leading International Trade Fair organizer. Team and Trade Expos are proud to inform you, that we are the most successful event and show managers for the past 14 years in South India. 

Team and Trade Expos are specialized in conducting the world class exhibitions and events since 2001. 
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Team and Trade Expos have planned around 40 to 50 stalls for this Show. They are expecting nearly 5000 – 7,500 qualified visitors. This event will be exclusively advertised through a wide range of Media, which ensures high profile for our exhibition.

For more details

For M/s. Team and Trade Expos
Ms. Padma Gopalan
General Manager
H.P: 98404 63395 / 93805 45400
Contact us for a sponsorship package that fits your needs and budget.
Just watch out PuthiyaThalaimurai TV Channel - Post Show Reports:     (CURTAIN RAISER - Report by PTV) (CURTAIN RAISER - Chennai views news)​   (PTV News report - 15.02.2015)

Specialized in*  Exhibitions *Event Management *Conferences *Exhibition Stall Designers

Thought of the day! 
 The urge to spend all you make is called consumer mentality. Try to get investment mentality instead. by Edward H. Romney
Upcoming National Projects: 2015 - 16"
" INVEST EXPO 2015" by TEAM - Feb 14-15, 2015 Chennai Trade Center "
" INVEST EXPO 2015" by TEAM - Jul   11-12, 2015 Suguna Hall, Cbe "
" INVEST EXPO 2015" by TEAM - Aug - Dec - Cochin,Hydbd,Bglr.
" POLY INDIA 2015" by FICCI - Oct - 2015 - Chennai Trade Center" 

For Further Details Cont:
M/s.Team and Trade Expos, 
Chennai -600 014 TAMIL NADU - S.INDIA 
Hand Phones : +91-9380 545400 / +91-98404 63395  
Office Tel              : + 91-44-4214 6789  /  +91 - 9380 770540
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Specialized in*  Exhibitions *Event Management *Conferences *Exhibition Stall Designers



`Tobacco's a Killer'

by DR. VIKRAM KEKATPURE, Mazumdar-Shaw Cancer Center

An alarming 30% of the Indian population use some form of tobacco. Two days from now, when everyone takes a pledge to fight this addiction, we should focus on the young and the stressed.

Worldwide, it is estimated that about a billion humans consume tobacco products. Considering the same, the Indian situation is alarming. Thirty five crore Indians (nearly 30% of the population) use some form of tobacco mostly in the form of gutkha, khaini, quid, etc.

The habit of chewing tobacco is rampant across all social classes and as a result, India has a dubious distinction of being the world capital of tobacco-related oral as well as head and neck cancers. About 10 lac Indians die due to tobacco related illness and one death is reported every 6 hours due to oral cancer.
Mazumdar-Shaw Cancer Center

Tobacco brings with it a plethora of health problems and there is no organ system that cannot be affected by tobacco. A few ailments caused by tobacco are cardiovascular diseases, neurological problems, respiratory disease and predisposition to cancer in almost all parts of the body .

There is a need to create awareness and strengthen effort to reduce the burden of tobacco-related health issues. May 31 is designated as World No Tobacco Day by the World Health Organization (WHO).

Various governmental and social organizations have been leading efforts for tobacco control in India. 

Despite this, there is large pool of tobacco users in India .

The most common reason for people to take to tobacco is peer pressure. Youngsters, especially teenagers, take to this habit in order to fit in or win admiration; they are usually targeted by savvy marketing campaigns by tobacco companies.

Once they are hooked, it is very difficult to stop unless they want to quit. The average age of tobacco initiation is less than 18 years and counselling for these youngsters is vital. The government should stringently implement the ban on tobacco products near schools and colleges, with heavy penalties for under age selling.


Oral cancer is one of the easiest cancers to diagnose as oral cavity is an assessable part of body sessable part of body.
A simple oral examination is sufficient to detect the tumour, but the cure rate reduces to less than 50% as the disease advances, which is a major challenge.

Oral cancer outreach programmes to improve awareness, early detection and surveillance are beneficial.
Awareness talks, oral cancer screening camps, poster presentations and street plays for villagers, factory workers and in public places also help.

Persistent communication with primary health providers and tertiary cancer centres are essential to improve patient referral and it can potentially impact early detection of cancers.
There is need to develop tobacco cessation clinics in India and gen eral physicians should be encour aged to send all smokers and chewers for counselling and cessation supports.


Cancer is a stub born disease and is difficult to tame; how ever, it is not impossible to treat.
Science has enabled doc tors to find better methods of cure for the vicious disease.

The current stand ard treatment for cancer is teamwork requiring a multi disciplinary ap proach, and the in puts for various specialists like head and neck sur geons, radiation on cologists, medical on cologists, reconstructive surgeons, pathologists, radiologists and speech and swallow therapists are needed for effective management of oral cancer.

The recent advances in complex resections and reconstructions, newer chemotherapeutic drugs and radiation techniques have improved the cure rates which have also helped in reducing the associated functional and cosmetic morbidity.

Newer treatments continue to evolve, but we have certainly come a long way in our understanding the nature of the disease. -

About the author..

The writer 
Dr.Vikram Kekatpure
  is Senior Consultant - Head and Neck Oncology, Mazumdar-Shaw Cancer Center, Narayana Health City, Bengaluru

Dr.Vikram Kekatpure
Biography:Dr. Vikram D. Kekatpure, MS, MCh, Senior Consultant Head and Neck Surgeon trained at Amrita Institute of Medical Sciences, Kochi. He has done his res fellowship at Memorial Sloan-Kettering cancer center, which is the premier cancer center in the world and Weill Medical College of Cornell University, New York, USA, He has served as faculty at the Amrita Institute of Medical Sciences, Kochi. He is visiting fellow at Weill Medical College of Cornell University, New York, USA. Dr Vikram has a keen interest in academic activities and research and has several publications in peer reviewed journals to his credit. He has strong interests in translational research, with emphasis on early detection and prevention of cancer. His research is directed towards biomarker based risk stratification and development of personalized cancer therapies. This risk stratification helps personalize cancer treatment for improved survival and reduce treatment associated side effects.
Special Interest:- Oral Cancer - Laryngeal Cancer - Reconstructive surgery - Translational Research - Thyroid Cancer 
Current Appointment:Senior Consultant Head and Neck Surgeon 
Education: • 1998 - MBBS, Nagpur University
2003 - MS (Otolaryngology) , Nagpur University
2007 - MCh (Head and Neck Surgery) Amrita University
2007 – Res Fellowship Memorial Sloan-Kettering Cancer Center, New York USA


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