Hi,
Recently, I received my provident fund amount from the PF authorities, but I am having difficulty understanding the calculations for the interest amount. Could someone please provide me with information on the rate of interest we receive on the provident fund deduction? Additionally, I would like to know if the interest is cumulative or fixed.
Regards,
Rakesh Pande
From India
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Recently, I received my provident fund amount from the PF authorities, but I am having difficulty understanding the calculations for the interest amount. Could someone please provide me with information on the rate of interest we receive on the provident fund deduction? Additionally, I would like to know if the interest is cumulative or fixed.
Regards,
Rakesh Pande
From India
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From the Salary 12% goes to employee PF, 3.67% goes to employer PF and remaining 8.33% goes to employer pension fund. Can we withdraw pension fund?
From India
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From India
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if u r leaving the concern then u can withdraw the pension fund foor which form 10(C) is used...
From India, Calcutta
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20From India, Calcutta
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Dear Administrator,
Khalid Hussain from Siliguri in West Bengal. I am working with a BPO in Bangalore for the past 3+ years. On my request, I have received the amount that is in my PF Account. However, I wanted to know if there is a website where we can enter our company code and PF Account Number to get details about our Account Status. I am sure there must be some way to know the PF Account Status. If anyone can help me, I will be very much obliged.
Thanks and regards,
Khalid Hussain
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Khalid Hussain from Siliguri in West Bengal. I am working with a BPO in Bangalore for the past 3+ years. On my request, I have received the amount that is in my PF Account. However, I wanted to know if there is a website where we can enter our company code and PF Account Number to get details about our Account Status. I am sure there must be some way to know the PF Account Status. If anyone can help me, I will be very much obliged.
Thanks and regards,
Khalid Hussain
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if u are leaving the organization u can withdraw the pension amount only if u have worked for more than 6 mths. wid the organization.
From India, Panipat
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From India, Panipat
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Sir,
Please clarify, if an employee leaves the organization after eight years of service in the month of February and does not withdraw his/her PF or EPF for the next three years, will he/she receive the interest for these three years on PF/EPF with the PF Office?
Regards,
Vijay
From India, Ludhiana
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Please clarify, if an employee leaves the organization after eight years of service in the month of February and does not withdraw his/her PF or EPF for the next three years, will he/she receive the interest for these three years on PF/EPF with the PF Office?
Regards,
Vijay
From India, Ludhiana
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PF itself was amended in 1952. For organizations with 20 or more employees, the act applies to all.
What is required to maintain are the nomination form (Form 2), monthly challans (Forms 1, 2, 10, 21, 22), and monthly returns. Recently, the format has changed from 12A to R1 & R2, which now combines all these elements. For example, Form 5 (left), Form 10 (new), and 13 (R) for transfers.
Contributions are as follows:
- Employer's contribution: 8.33% (PF) out of which 3.67% goes towards pension
- Employee's contribution: 12%
- Account details:
1. Employee and employer contribution: 15.67%
2. Administrative charges on PF: 1.10%
10. Pension: 8.33%
21. EDLI: 0.50%
22. Charges on EDLI: 0.01%
The period for submission is from March to February for yearly returns (3A for individual returns, 6 for group returns).
From India, Bellary
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What is required to maintain are the nomination form (Form 2), monthly challans (Forms 1, 2, 10, 21, 22), and monthly returns. Recently, the format has changed from 12A to R1 & R2, which now combines all these elements. For example, Form 5 (left), Form 10 (new), and 13 (R) for transfers.
Contributions are as follows:
- Employer's contribution: 8.33% (PF) out of which 3.67% goes towards pension
- Employee's contribution: 12%
- Account details:
1. Employee and employer contribution: 15.67%
2. Administrative charges on PF: 1.10%
10. Pension: 8.33%
21. EDLI: 0.50%
22. Charges on EDLI: 0.01%
The period for submission is from March to February for yearly returns (3A for individual returns, 6 for group returns).
From India, Bellary
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dear sir/s, what will be 8.33% interest if the person work for 2-3 months?, is that person is eligible for the said interest? trivedi
From India, Gandhinagar
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From India, Gandhinagar
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First of all, fill out the Form 10C and 19(C) withdrawal form that you need to submit to your previous company. Once submitted, they will initiate the processing. They are required to submit that form along with the 3A form to the PF office, along with their company stamp. After submission, it typically takes around two months for the claim to be processed.
From India, Bellary
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From India, Bellary
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Hi, PF amount is not a company's property as it's the employee's savings with the government. You can ask your current employer to provide you with the PF withdrawal form. The PF withdrawal forms are 10C and 19. The PF disbursement is as follows: 12% of your basic salary is remitted to the PF department every month. Once your PF amount is deposited in the PF department, it is bifurcated into the Employee Pension Scheme (8.33% of the 12%) and the Employee Provident Fund scheme (3.67% of 12%). If you wish to withdraw both pension and PF amount, you need to fill out both Form 10C and 19 and either deposit them with your last employer or directly with the PF department after obtaining the signature and seal from the employer.
Please let me know if you require more details.
Regards,
Haris Ali
From India, Bangalore
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Please let me know if you require more details.
Regards,
Haris Ali
From India, Bangalore
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc