Hello,
I have worked for two companies.
organization X ------ From July 2004 till 15, December 2005.
organization Y ------ From 5 Feb 2006 till now.
I want to withdraw my PF amount from org X, but they are saying it is not possible to withdraw it because I am employed with Y now.
I think I should not only get the pf amount but also the amount should be exempted, because organization X itself has stopped my service on 15th,dec 2005.Out of all three four clauses require for tax exemption I fall under category: due to reasons beyond your control (ill health, or discontinuance of employer's business), you still will be eligible for exemption.
I have asked so many people but not getting any satisfactory answer. I shall be highly obliged if you assist me by devoting some of your precious time.
Thanks and regards,
Ruhina
From India, Pune
I have worked for two companies.
organization X ------ From July 2004 till 15, December 2005.
organization Y ------ From 5 Feb 2006 till now.
I want to withdraw my PF amount from org X, but they are saying it is not possible to withdraw it because I am employed with Y now.
I think I should not only get the pf amount but also the amount should be exempted, because organization X itself has stopped my service on 15th,dec 2005.Out of all three four clauses require for tax exemption I fall under category: due to reasons beyond your control (ill health, or discontinuance of employer's business), you still will be eligible for exemption.
I have asked so many people but not getting any satisfactory answer. I shall be highly obliged if you assist me by devoting some of your precious time.
Thanks and regards,
Ruhina
From India, Pune
Dear Ruhina,
If you have switched job then you cannot withdraw your PF. It can be transferred from your previous employer to current employer by submitting form 13 duly filled by you and submitted with your current employer.
PF can be only withdrawn if after quittting your job you have remained unemployed for 3 months. Else it always gets transferred to the new employer.
Hence, Fill up form 13 and get it transferred from your old employer to your new employer.
Regards,
Nilendra
18If you have switched job then you cannot withdraw your PF. It can be transferred from your previous employer to current employer by submitting form 13 duly filled by you and submitted with your current employer.
PF can be only withdrawn if after quittting your job you have remained unemployed for 3 months. Else it always gets transferred to the new employer.
Hence, Fill up form 13 and get it transferred from your old employer to your new employer.
Regards,
Nilendra
Dear Friend,
No ex-employer can deny for withdrawal of PF contributions of their ex-employee. If he say so, either he is not aware of the PF Rules or he must not have contributed PF contributions of your share and employer's share, which is leads to a criminal prosecution on the employers. Please check up with the PF Authorities, whether the amount is deposited to your account or not. I think any employer will show in the pay slip with regard to the quantum of PF deducted fromyour salary and same sum should be contributed by the employer. This is Law. If some other reason your ex-employer is denying, it is not just on his part.
However you enquire with the PF authorities and submit form T 1 (Old Form No: 19) for withdrawal of PF amount. This form is to be signed by your ex-employer. otherwise you have two ways. 1) you may get the form attested by a Govt. Gazetted Officer. or 2) you take the form to the concerned Regional PF Office and get it attested by showing all Proof.
Hope this will do.
Old Form No: New Form No: Submitted for
Form 19 Form - T 1 P F Settlement Form
Form 10C Form - TA 2 Pension Settlement Form
Form 19 & 10C Form - T 3 Death Claims
Form 13 HR Form - T 4 PF Transfer Form
Form 31 Form - TA 1 Advances (Loans)
with regards.
yagniah. K
From India, Hyderabad
No ex-employer can deny for withdrawal of PF contributions of their ex-employee. If he say so, either he is not aware of the PF Rules or he must not have contributed PF contributions of your share and employer's share, which is leads to a criminal prosecution on the employers. Please check up with the PF Authorities, whether the amount is deposited to your account or not. I think any employer will show in the pay slip with regard to the quantum of PF deducted fromyour salary and same sum should be contributed by the employer. This is Law. If some other reason your ex-employer is denying, it is not just on his part.
However you enquire with the PF authorities and submit form T 1 (Old Form No: 19) for withdrawal of PF amount. This form is to be signed by your ex-employer. otherwise you have two ways. 1) you may get the form attested by a Govt. Gazetted Officer. or 2) you take the form to the concerned Regional PF Office and get it attested by showing all Proof.
Hope this will do.
Old Form No: New Form No: Submitted for
Form 19 Form - T 1 P F Settlement Form
Form 10C Form - TA 2 Pension Settlement Form
Form 19 & 10C Form - T 3 Death Claims
Form 13 HR Form - T 4 PF Transfer Form
Form 31 Form - TA 1 Advances (Loans)
with regards.
yagniah. K
From India, Hyderabad
Dear Yagniah and Ruhina,
Pl find below the provisions for withdrawl of PF
Withdrawl from PF account is limited to 50% of your own contribution after completion of 5 years of service.
Other provisions for the same is as follows:
(A) Member is entitled to withdraw full amount:
On attaining the age of 55 years at the time of termination of service.
On retirement on account of permanent and total disablement due to bodily or mental infirmity.
On migration from India for permanent settlement abroad or for taking employment abroad
In case of mass or individual retrenchment
(B) A member can withdraw up to 90% of the amount of Provident Fund at credit after attaining the age of 54 years or within one year before actual retirement on superannuating whichever is later.
Partial Withdrawal/Advances
A member of Provident Fund is allowed non-refundable advance for the following contingencies:
For acquiring dwelling site or house
Advances in special cases such as lockout in factory/establishment for a period more than two months
Where a member has challenged the retrenchment/dismissal by the employer in a court of law
For treatment of illness
For marriages or post matriculation education of the children
Under abnormal conditions such as damage to movable or immovable property by calamity of exceptional nature
Financing of member’s Life Insurance Policy
Regards,
Nilendra
Pl find below the provisions for withdrawl of PF
Withdrawl from PF account is limited to 50% of your own contribution after completion of 5 years of service.
Other provisions for the same is as follows:
(A) Member is entitled to withdraw full amount:
On attaining the age of 55 years at the time of termination of service.
On retirement on account of permanent and total disablement due to bodily or mental infirmity.
On migration from India for permanent settlement abroad or for taking employment abroad
In case of mass or individual retrenchment
(B) A member can withdraw up to 90% of the amount of Provident Fund at credit after attaining the age of 54 years or within one year before actual retirement on superannuating whichever is later.
Partial Withdrawal/Advances
A member of Provident Fund is allowed non-refundable advance for the following contingencies:
For acquiring dwelling site or house
Advances in special cases such as lockout in factory/establishment for a period more than two months
Where a member has challenged the retrenchment/dismissal by the employer in a court of law
For treatment of illness
For marriages or post matriculation education of the children
Under abnormal conditions such as damage to movable or immovable property by calamity of exceptional nature
Financing of member’s Life Insurance Policy
Regards,
Nilendra
Hello,
Can anyone tell me if i can withdraw full / part or consume any advance towards PF accumulated in my account?
I am working with an MNC for about 4.3 yrs and need to withdraw some amount to support my sisters marriage.
Is it possible?
Thanks,
Raghu
Can anyone tell me if i can withdraw full / part or consume any advance towards PF accumulated in my account?
I am working with an MNC for about 4.3 yrs and need to withdraw some amount to support my sisters marriage.
Is it possible?
Thanks,
Raghu
Hello,
I am not a complete HR Person,but as far as I know I have changed 2 companies till now and I have easily withdrawn the PF from both the Organizations.
So I think,even you can....go ahead it is your contributed money and you deserve it back.
Thanks & Regards,
Deena
From United States, Santa Clara
I am not a complete HR Person,but as far as I know I have changed 2 companies till now and I have easily withdrawn the PF from both the Organizations.
So I think,even you can....go ahead it is your contributed money and you deserve it back.
Thanks & Regards,
Deena
From United States, Santa Clara
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PF Withdrawl.doc
Online PF Withdrawl Process.pdf