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Pf Transfer - Pf Account - CiteHR

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pravesh.anjna
dear all,
please suggest me if a person is being transfer from one company to another in a same group without completing 6 month period of time, is he entiltle to withdraw full 24% of pf amount or wht happend when he want to tranfer his pf amount into new company pf account.

From India, Gurgaon
Rajeev Verma
76

If the EMPLOYER PF CODE of the company is sam for both the unit then he / she cann't withdraw the PF Amount. Incase the PF Code is separate then in case of withdrawing the PF amount before completing 6 months time period then his / her pension fund will not refunded.
From India, Delhi
manasvi
2

As per my knowledge, one can not withraw the pf during the employment period. This is the pre-requsite to withdraw the pf to be not working anywhere for continuous 6 months. But yes, you can take the loan on your pf on certain occassions mentioned.
Regards

From India, Bangalore
vikash.arora
1

hi,
u cannot withdraw PF if u've worked less than 2 months in a company.
if u withdraw PF in less than 6 months than u don't get pension amount.
if u withdraw PF in less than 5 yrs than tax is deducted.
PF transfers can be done irrespective on number of days/months/yrs u've worked in a company.
regards,
vikash

From India, Bangalore
zill_dipali
11

Dear Pravesh,
Employee can withdrwal the PF amount but he can't get the Pension amount.And its possible, He fill up the PF transfer form for transfering his amount.What's the Rajeev says its totally right.
Regards,
Dipali Lakhani

From India, Ahmadabad
Rajeev Verma
76

Dear Vikas,
For withdrawal of PF there is no such criteria that you can't withdraw PF if you have worked for less than 2 months.....
You can withdraw the PF amount of even 1 day deduction.........
Withdrawal of PF amount totally exempted from the Tax deduction...

From India, Delhi
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