Hi folks,
i work for provident fund organization. u may address me as 'PFwala'. i just chanced upon your querries. if still have some querries related to EPF/EPS, pl post it. i'll try to provide info/clarification asap.
best,
pfwala
From India, Ahmadabad
i work for provident fund organization. u may address me as 'PFwala'. i just chanced upon your querries. if still have some querries related to EPF/EPS, pl post it. i'll try to provide info/clarification asap.
best,
pfwala
From India, Ahmadabad
Dear Vinod,
Normally, it takes around 4 months to release the PF amount.
Regarding pension, your eligibility for pension depends on two factors one is 10 years contribution, which as you mentioned, is 16 years and second, upon completion of 50 years of age. So, in case, if you are 50 years of age, then you are eligible to receive Pension.
Regards,
Prashant
From India, Surat
2Normally, it takes around 4 months to release the PF amount.
Regarding pension, your eligibility for pension depends on two factors one is 10 years contribution, which as you mentioned, is 16 years and second, upon completion of 50 years of age. So, in case, if you are 50 years of age, then you are eligible to receive Pension.
Regards,
Prashant
From India, Surat
Dear All, Kindly tell the meaning of Voluntary Provident fund, and exactly what its calculation. Regards, Kamesh. OB Executive.
From India, Visakhapatnam
From India, Visakhapatnam
Dear Shri Vipul Rana & Shri KK
If you opt out of PF, you would be losing equal management contribution to your account as well as pension benefits attached to the PF. So I suggest please
reconsider your decision. You would be saving somewhere else for income tax purpose. Then why not in PF?
Sincerely,
Shyam Agrawal
From India, Pune
If you opt out of PF, you would be losing equal management contribution to your account as well as pension benefits attached to the PF. So I suggest please
reconsider your decision. You would be saving somewhere else for income tax purpose. Then why not in PF?
Sincerely,
Shyam Agrawal
From India, Pune
Dear Sir,
I am an accountant in a pvt ltd form we have some confusion to do the pf registration. in our co some employee's dislike to register their membership in PF form that's why we cannot register the membership of other employee's also what will be next process. Can we taken the exemption for our employee's who unwanted the PF Facility.
Awaiting for your response.
Thanks and reagards
Uday
From India, Bangalore
I am an accountant in a pvt ltd form we have some confusion to do the pf registration. in our co some employee's dislike to register their membership in PF form that's why we cannot register the membership of other employee's also what will be next process. Can we taken the exemption for our employee's who unwanted the PF Facility.
Awaiting for your response.
Thanks and reagards
Uday
From India, Bangalore
ANSWER:
After 16 years of service, you cannot withdraw both PF and pension fund (EPS). Only PF can be withdrawn and pension fund can either be transferred to another company(if you are joning a another company) or wait till attaining 50 years of age to opt for pension.
Regards'
K.Ramachandra, Manager-Admin & HR
Tokai Rubber Auto-Parts India, Bangalore.
From India, Bangalore
After 16 years of service, you cannot withdraw both PF and pension fund (EPS). Only PF can be withdrawn and pension fund can either be transferred to another company(if you are joning a another company) or wait till attaining 50 years of age to opt for pension.
Regards'
K.Ramachandra, Manager-Admin & HR
Tokai Rubber Auto-Parts India, Bangalore.
From India, Bangalore
As per the PF laws, the employer is required to get Form 11 duly filled in by the new employee. From the details of the said Form the employer comes to know as to whether the new employee is a member of PF or not. If the new employee is not a member of PF on the date of his joining and if he is drawing more than Rs.6500/- as basic and DA then it is not necessary to deduct PF. But if the employee is already a member (i.e. if he has not withdrawn his PF before joining the new employment) then it is compulsory on the part of the employer to continue with his membership by deducting PF on Rs.6500/-
From India, Mumbai
From India, Mumbai
Hi,
Need one information on the same issue.
Few of my clients (employed with company X in delhi/NCR) are working from last 2-3 years. Now they are doubtful whether company is depositing the PF contribution regularly. Its getting deducted from employees Salary.
We are doubtful, as when one of the employee left that organization and wants to withdraw the PF. PF dept rejects the form saying they dont have the record and contribution from the employer.
Is this not a crime.( Deducting PF and not depositing with authorities)
What action can be taken by the ex-employee
What current employee's can do to save their money and not gets cheated.
Whom to approach this.
As company is not providing the information, what can be done on this.
Regards,
for
From India, New Delhi
Need one information on the same issue.
Few of my clients (employed with company X in delhi/NCR) are working from last 2-3 years. Now they are doubtful whether company is depositing the PF contribution regularly. Its getting deducted from employees Salary.
We are doubtful, as when one of the employee left that organization and wants to withdraw the PF. PF dept rejects the form saying they dont have the record and contribution from the employer.
Is this not a crime.( Deducting PF and not depositing with authorities)
What action can be taken by the ex-employee
What current employee's can do to save their money and not gets cheated.
Whom to approach this.
As company is not providing the information, what can be done on this.
Regards,
for
From India, New Delhi
Hi,
Can somebody guide me which option should be chosen in Form 11 if the person is not opting for PF? Suppose if a person does not want to opt for PF does the company have the legal implications for it? is PPF account is better option if someone wants to quit from PF
Regards
Neha
Sr. Executive-HR
Allied Lemuir
From India, Delhi
Can somebody guide me which option should be chosen in Form 11 if the person is not opting for PF? Suppose if a person does not want to opt for PF does the company have the legal implications for it? is PPF account is better option if someone wants to quit from PF
Regards
Neha
Sr. Executive-HR
Allied Lemuir
From India, Delhi
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Benefits of retention of membership PF July 2017.pdf