Dear All, Let me find the answer from u. My question is howmany months of contribution required to withdraw from Provident fund and Pension fund account? Regards, skantha
From India, Hyderabad
2From India, Hyderabad
dear skanth
provident fund is deducted 12% from employee which goes to PF account and 12% share of employer out of which 8.33% goes to PF account and rest 3.67% goes to pension.
you can withdraw PF share irrespective your length of service but for drawing pension share minimum 6 month contribution is required.
tks
js malik
From India, Delhi
provident fund is deducted 12% from employee which goes to PF account and 12% share of employer out of which 8.33% goes to PF account and rest 3.67% goes to pension.
you can withdraw PF share irrespective your length of service but for drawing pension share minimum 6 month contribution is required.
tks
js malik
From India, Delhi
Sir,
Firstofall let me tell thanks to you for sharing your knowledge to us. I have one clarification
1. 12 % employer contribution divided as 8.33% to pension account and 3.67% provident fund plz correct me?
2. The contributions made by employer to EDLI scheme available for withdrawal on surviving the member or this is available to the nominee of the member after his death?
Regards
skantha
From India, Hyderabad
Firstofall let me tell thanks to you for sharing your knowledge to us. I have one clarification
1. 12 % employer contribution divided as 8.33% to pension account and 3.67% provident fund plz correct me?
2. The contributions made by employer to EDLI scheme available for withdrawal on surviving the member or this is available to the nominee of the member after his death?
Regards
skantha
From India, Hyderabad
Hi,
As per pf act
Employee contribution of 12% fully credited in to Pf account i.e act no 1
Employer contribution 12% will be devided in to 2 parts
1. 8.33 % will be deposited in to pension account ie. act no 10. up to maximum of 541. The balance if any will be deposited in to pf account only
2. 3.67 % will be deposited in to pf account ie. account no 1.
Hope it is clear to you
Thanks
skantha
From India, Hyderabad
As per pf act
Employee contribution of 12% fully credited in to Pf account i.e act no 1
Employer contribution 12% will be devided in to 2 parts
1. 8.33 % will be deposited in to pension account ie. act no 10. up to maximum of 541. The balance if any will be deposited in to pf account only
2. 3.67 % will be deposited in to pf account ie. account no 1.
Hope it is clear to you
Thanks
skantha
From India, Hyderabad
Hi all
Thank you for clarifying the doubts ...i just one more query please oblize...
My doubt is ..so when we claim our PF by filling the forms 19 & 10C..that will claim both the contributions 8.33% (Pension Acct) and 3.67% (PF) and we will get the full amount....right?
Thanks and Regards
Gyanu
From India, New Delhi
Thank you for clarifying the doubts ...i just one more query please oblize...
My doubt is ..so when we claim our PF by filling the forms 19 & 10C..that will claim both the contributions 8.33% (Pension Acct) and 3.67% (PF) and we will get the full amount....right?
Thanks and Regards
Gyanu
From India, New Delhi
Hi Skantha,
The amount comes in two separate payments.
Thanks & Regards,
Drupad Joshi
Teamlease Services – India’s largest staffing company
Know us: http://teamlease.blogspot.com
Visit us: www.teamlease.com
From India, Ahmadabad
The amount comes in two separate payments.
Thanks & Regards,
Drupad Joshi
Teamlease Services – India’s largest staffing company
Know us: http://teamlease.blogspot.com
Visit us: www.teamlease.com
From India, Ahmadabad
Hi, Yes you can claim both. But if you need to have 7 months of contribution to withdraw fund from pension fund. However at any time you can claim pf amount. Regards, skantha
From India, Hyderabad
From India, Hyderabad
Dear All
Could anybody provide the circular that if services is less than for six months, pension fund amount cannot be withdrawn but transferred. is there anything in writing to support this view- if yes please help to provide.
Please also advise if the below is possible -
On leaving service for for less than six months can a employee
-Fill-in form 19 pf withdrawal
-Form 10c
regards
Puran Dangwal
From India, New Delhi
Could anybody provide the circular that if services is less than for six months, pension fund amount cannot be withdrawn but transferred. is there anything in writing to support this view- if yes please help to provide.
Please also advise if the below is possible -
On leaving service for for less than six months can a employee
-Fill-in form 19 pf withdrawal
-Form 10c
regards
Puran Dangwal
From India, New Delhi
Hi All
I meant can a person of below six month service fill-in
both the form after 60 days of leaving the service.
-Form 19 for PF withdrawal &
-Form 10 C for Pension fund transfer
regards
Puran Dangwal
From India, New Delhi
I meant can a person of below six month service fill-in
both the form after 60 days of leaving the service.
-Form 19 for PF withdrawal &
-Form 10 C for Pension fund transfer
regards
Puran Dangwal
From India, New Delhi
Dear Drupad Joshi,
I have query related PF withdrawal,i'm teamlease employee resign my position on 30-08-2014 same is my last day accordingly next month 12-sep-2014 fill & submitted in your branch office now you tell me how many days you getting for Pf sattlement.
Please reply on same other people depend upon you valuable reply.
From India, Mumbai
I have query related PF withdrawal,i'm teamlease employee resign my position on 30-08-2014 same is my last day accordingly next month 12-sep-2014 fill & submitted in your branch office now you tell me how many days you getting for Pf sattlement.
Please reply on same other people depend upon you valuable reply.
From India, Mumbai
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc