How much amount will you get on EPF withdrawal
When I got my EPF amount in my bank account, I was not sure whether its the right amount I claim. I have got the amount in 2 portions so I thought one would be the employee's contribution and the other would be employer's. But that way the calculations didn't match. Its only after a day of many failed attempts that I could match my amount correctly with my calculation. And what a joy it was! I got to know that one portion was the total EPF portion (i.e. my EPF contribution + employer's EPF contribution) while the other was the EPS (Employee Pension Scheme) portion.
After becoming EPF enlightened, I thought of sharing my wisdom ;) with you. If you want to calculate your EPF amount, here are the steps -
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Find out your PF contribution - It appears usually as 'PF deduction' in your salary slips. It will either be (a) 12% of your (basic + DA(if any)) or (b) 12% of Rs 15000/- i.e. Rs 1800/- (Rs 780 before Sep 2014)
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Find out employer's PF contribution - It is usually mentioned in the offer letter. If not there, ask your employer. It will either be (a) 12% of your (basic + DA(if any)) or (b) 12% of Rs 15000/- i.e. Rs 1800/-
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Understand the EPS component - Out of the above 12%, 8.33% goes in Employee Pension Scheme subject to a maximum of Rs 1250/- (Rs 541 before Sep 2014). So the actual amount that goes in EPF from employer's contribution is 3.67%. If your employer is contributing Rs 1800/- (12% of Rs 15000/-), then EPF portion will be 3.67% of 15000/- i.e. 550/-. While if your employer is contributing 12% of your (basic + DA(if any)), then EPS being capped at 1250/- , EPF portion will be = 12% of basic - 1250/-
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Understand the interest calculation - The interest on EPF is calculated as simple interest on monthly contributions and round to nearest rupee and then compounded yearly.
Please note that as of Jan 2018, there is talk of returning the profit made in stock market by EPFO to its subscribers/members. EPFO has been making small investments in stocks/equity since 2015 and this investment is around 32000 crore as of Nov 2017. The profit in stock investments can be transferred to member in terms of ETF units. As per last meeting of EPFO, it is supposed to be credited by end of March 2018. We will update the article to include more details about this in April 2018 or so.
Example EPF Calculation
Lets say my EE as well as ER contribution is 1800/- Out of employer's 1800/-, only Rs 550/- are going into EPF while the remaining Rs 1250/- are going into EPS. Lets say I joined in Nov. The interest calulation on my contribution for the first 5 months of employment is given below :
| Date | Accumulated Employee Contribution | Monthly Interest @ 9.5% |
|---|---|---|
| 1-Dec | 1800 (This amount is the contribution of November which got submitted in PF account on 1st Dec) | 0 (No interest earned as on 1st Dec because there was no PF balance before this date) |
| 1-Jan | 3600 (This amount is the contribution of Nov. and Dec. both : 1800+1800=3600) | 14.25 (Interest is calculated on the amount which was there in the account before this date: 1800*9.5% /12) |
| 1-Feb | 5400 (3600+1800=5400) | 28.5 (3600*9.5% /12) |
| 1-Mar | 7200 (5400+1800=7200) | 42.75 (5400*9.5% /12) |
This means my total contribution for the whole financial year is 7200/- and the interest is 85.5/- . The interest will be added to the contribution at the end of the financial year. So next year 7200/- + 85.5/- will become my opening balance and the calculation will go on like this. Similarly employer's contribution is calculated below:
| Date | Accumulated Employer Contribution | Monthly Interest @ 9.5% |
|---|---|---|
| 1-Dec | 550 (This amount is the contribution of November which got submitted in PF account on 1st Dec) | 0 (No interest earned as on 1st Dec because there was no PF balance before this date) |
| 1-Jan | 1100 (This amount is the contribution of Nov. and Dec. both : 550+550=1100) | 4.35 (Interest is calculated on the amount which was there in the account before this date: 550*9.5% /12) |
| 1-Feb | 1650 (1100+550=1650) | 8.7 (1100*9.5% /12) |
| 1-Mar | 2200 (1650+550=2200) | 13.06 (1650*9.5% /12) |
This means employer's total contribution for this whole financial year is 2200/- and the interest is 26.11/- . So next year 2200/- + 26.11/- will become the opening balance and the calculation will go on like this.
Note: To know the EPF interest rates for a particular year, see this post : EPF Interest Rates
EPS calculation
If you have filled the withdrawal option in Form 10C, you would get a EPS portion back. Here are some facts:
-
The EPS part (which is a part of the employer's contribution) does not earn any interest.
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On EPS withdrawal you do not get the full EPS amount. The amount depends on number of years of service, and is not related to actual balance in EPS Fund. The withdrawal amount is governed by Table ‘D’ (given below).
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The fraction of service for six months or more is treated as one year and the service less than six months is ignored. So 3 years and 6 months will be rounded upto 4 years and 3 years, 2 months will be rounded to 3 years.
Table D
| Years of Service | Proportion of wages at exit |
|---|---|
| 1 | 1.02 |
| 2 | 1.99 |
| 3 | 2.98 |
| 4 | 3.99 |
| 5 | 5.02 |
| 6 | 6.07 |
| 7 | 7.13 |
| 8 | 8.22 |
| 9 | 9.33 |
Example EPS Calculation:
I had completed 1year 5 months in my previous company, so for the purpose of EPS calculation my 'years of service' will be counted 1 year. My monthly salary was > Rs 15000 per month but for purpose of EPS only Rs 1250 p.m or Rs 15000 annually is considered. So the EPS amount that I got back was 1.02*15000 = Rs 15300/-
With the above information on your fingertips, I hope you would be able to solve your EPF - EPS mystery. Wish you good luck!
To read all articles related to EPF/PF go to EPF/PF - All Articles
News on PF Interest Rates
As we near the end of year 2017 and start of 2018, EPFO is trying to make few main action items - 1) complete the linking of aadhaar with UAN during 2018, 2) provide direct linking of epfo investment in equity market to individual employee. This will help in delivering the stock market gains as part of epf return
21st December 2017
EPFO slashes interest rate to 8.65% for 2016-2017
EPFO has decided to cut down the PF interest rates for financial year 2016-2017 to 8.65% from the current 8.8%. This is the lowest rate in four years and the decision was taken in light of falling interest rates worldwide. Finance Ministry needs to ratify the decision after looking at the current financials of EPFO. The final notification on interest rate by finance ministry should come by February 2017.
EPF interest rate rolled back to 8.8% for 2015-2016
Following the strong opposition from trade unions, government has to rollback its decision to give 8.7% interest on PF deposits. The interest rate for financial year 2015-2016 is now fixed at 8.8%. It was 8.75% in the previous financial year and government wanted to lower it on the grounds of market volatility and the global economic slowdown.
I was working with a company 3 years 3 months & then i left the company. i filled the form to withrow my PF .since from 1 yrs i didn't received my pf. & contentiously getting the same online status.
STATUS for Member ID: KRKCH00218900000000434
Claim ID : KRKCH150200012893
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (KRKCH00218900000000434) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
Claim ID : KRKCH150200012900
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (KRKCH00218900000000434) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim form.
Reason of rejection: The reason of rejection is not available in database. You may please contact RO/SRO KOCHI for further details
* * Data available since last six months. * *
* * KOCHI data availaible from 11-11-2014. Last updated on 11-05-2015 at 08:31 am * *
* * Approval Details on PPO and Scheme Certificates will be made available soon.. * *
i spoke with my company HR and she asked me to send my 10th markehseet , as she has made mistake on my name and thats the reason its got rejected. i have already sent one months back. could you help me to understand when i will received my Pf. please help me
Thank you
Anjali
This is Tapan here, I was working with an organization and I was having the pf account. Right now I have left that company and joined other company, is it possible to submit to carry on the same account for the current company, please guide me.
The current company has already opened a new pf account for me, I want to get transferred all the amount of previous account to current account or vice-versa.
Thanks and regards,
Tapan.
This is Lokesh here, I wanna to know that the amounts which are showing in my pf account, only those amounts am I going to get [like employee share, Employer Share and EPS] should am I going to get all the amount after adding all of three. I have applied form 19 and 10C both.
Please guide me ASAP.
It shows EE Amt:32762 and ER amt:27839 as on 10-11-2014 but i applied for withdrawal on jan 2015. on 25th April igot the amt depsoted is 4329. How come so less amoount. I quit the company on 30 nov 2012 sibnce then there is no contribution. Please advice.
to get or something else.? plz help me out
Thanks for the post, need ur help.
I left my job after 4.6 years in july 2012 from MNC. at that time, i didn't apply for the pf withdrawal as it was in account & i expected interest will be added. I applied the pf withdrawal in feb 2015, which was rejected by pf office on the basis that they already settled the account in nov 2012. Which was shocking for me!!! On raising the complaint to pf office & to my previous employer, it was told that they had transferred the amount in some one else account whose name was same & left the organization in same year.
Then they contact that person & transffered the amount in my account on 12 april 2015,
Now, as per pf office they had transferred rs 66430(epf) +30120 in nov 2012 to wrong account.
But now in april 2015, after 2.5 year of leaving the job, i got 68318(epf) + 30102(pension).
Question is what should be correct amount in today date if net amount was 66430(epf) only in nov 2012 ?
As no contribution towards this account after aug 2012, what is the total interest amount on this? Who will pay this amount?
Many many Thanks to you for such a beautiful explaination, but i don't know why Table D is not working in my case. Please help in my EPS case. My date of joining is 01.04.2014 & date of leaving job is 31.12.2014. My monthly contrybution is Rs.541/- for EPS. But when I am withdrawn my EPS amount I got only RS.3876/- instead of Rs.4869/-. I know that there is Table “D” formulate the amount, but still amount is not matched. Can you explain me the calculation. My basic salary is 6500/-.
Thanks & Regards,
Inderjeet
I have got my EPF and EPS amount of the previous acvount transferred in the current account but the pension amount of the previous account is not being reflected in the passbook .
What is the reason why It is not transferred and whether I'll receive the amount when I apply for withdrawal or not .. if not then who ll be benefitted. ?
I have transferred my old pf account in the current account.
I have received the latest passbook of thw current account showing both the accout details merged in the current pf account.
The statement is not reflecting the pension ammount of my previous account. It is nil in the current statement.
Why is it so. ?
will I get the previous pension amount when I claim withdrawal or not.
what is the reason that it is not been transferred to the new account
if I am not going to be receiving the amount then who will be benefited ?
Thanks for a very nice post .I submitted PF and Pension withdrawal forms at my previous Employer. I received EPF amount but didn't received EPS amount. Are these forms processed separately.? If yes after how much time I would receive EPS amount once EPF amount is received.
Thank you.
But i got the Rs.11876. Please advice, why less amount is credited into my account. if i calculate the interest rate. Interest is going to be more than credited amount.
i worked for X company for 2.7 years and switched to Y company. I transferred my EPF account from old company to new company through Online Trasnfer...
i worked for Y company 1.6 years and switched to Z company.
Now is there any chance to transfer my old PF amount alone to Z company and withdraw pension fund contribution from previous employer.
If Yes which form need to submit and also by Online Transfer last time is Pension Fund contribution also transferred to new company ( in my case Y ) or need to submit one more form to my first company (X)..
Please clarify on this.
thanks
"Form 13 (Transfer) Claim ID: XXXXXXXXXXXXXXXXX approved for payment through Cheque. Pmt under process."
But after that I don't know what to do and where to do follow up.
If you have any idea, please can you tell me what to do next?
My previous account was idle from last 3 years, and so now EPFO will not calculate and deposit interest in my old account. [After 900 days EPFO dont calculate/deposit the interest].
This can be avoided if the amount gets transferred from old account to new account before 31 March 2015.
Any help would be highly appreciated.
Best Regards,
Nikhil
Also, I see interest is getting added annually to pf account, so EPF what ever amount(my share and part of company share) is shown in the passbook will be the final amount that we will get when with drawing, I am right?
THANK YOU
I AM NEHA I HAVE APPLIED MY PF ON DECMBER 2ND 2014 AS DOJ IS MAY 29 2012 AND DOR IS 12/05/2014 AMOUNT DEDUCTED WAS 500 PER MONTH FROM MY SALARY SOCAN YOU PLEASE LET ME KNOW HOW MUCH IS THE AMOUNT WIL I BE GETTING AND WHEN CAN I EXPECT IT TO CREDITED ???\
THANKS AND REGARDS,
NEHA.
my monthly PF was 1700rs my contribution and I worked for 3 yrs and withdrawn EPF and EPS but i got only 19300 rs, i don't know what amount is this, is this only interest amount?
I have applied for PF withdrawal 2 months ago. The amount approximately 60000 3 days back I have received 19000 as PF. I have checked my claim status in online.It shows your amount is under process when will I get the remaining amount?
STATUS for Member ID: GRVSP00554520000000035
Claim ID : GRVSP141100006110
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (GRVSP00554520000000035) has been approved. Payment is under process.
Claim ID : GRVSP141100006108
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (GRVSP00554520000000035) has been approved. Payment is under process.
Thanks in Advance..
My basic salary was less than 6500 but my salary was more than 10,000. and I've worked there for 3 years.
my question is can I get 2.98*6500, or less than that or null..
Thanx in advance
I would like to know how much non-refundable advance i can get on my EPF? Please help me on this asap.
I started working with a private Company in may 2011 and continued till may 2014
The Summary of contribution is as follows
My Contribution Employer Contribution PF Fund
1st Year(June-Dec) 3652 1116 2536
2nd Year(Jan-Dec) 8313 2539 5773
3rd Year (Jan -Dec) 9087 2777 6310
4th Year(Jan-June) 4660 2638 2022
The Complete period of service was 2 years 11 Months and 21 days.
I left Job in May and applied for withdrawal of PF in November.
My last withdrawn basic was 6069
Please help me calculate the Amount I will get .
Thank You in Advance
I have completed 6 years service in my old company now 3 months over since i quite job and now i am thinking of withdrawing the pf amount should i keep my pf rest with the pf a/c or shall i withdraw? if i don't take it will i get interest for the rest of the years until i wish to withdraw , my pf balance is 201450 rupee both employee and employer what interest i get each year, is there any time frame for pf withdrawal can i withdraw immediately after i leave my service or shall i wait for another 2 , 3 years will you please clarify it
I would like to know what would be EPS Calculation, if I opt for PF withdrawal
Is it 7.13*6500 or 7.13*15000 (coz I heard EPFO has received its maximum limit to 15000 as wage limit effective from the month of SEP2014)
I have a daughter who is 24 years now. Today I got my first pension amount of Rs.2051. and my daughter got Rs 1000.
But i did not get the arrears amount from last december. Is the pension divided or children pension is seperate?
After my daughter crosses 25 years will that amount comes to me or not.
I want to know the exact amount of my pf. As per below msg I received from online epfo website.
EPF Balance in A/C No. GJ/AHD/00XXXXX/000/000XXXis EE Amt:Rs 11696, ER Amt:Rs. 3572 as on 05-08-14 (Accounts updated upto 31-03-2014)-EPFO
Please let me know the exact amount, I can get.
My EE amount is 37K and ER is 18K ,if I withdraw my PF after completing 3 years,how much amount I should get,
I was resigned on 01.06.2014 and rejoining same organization 22.09.2014Whether I can continue the Same PF account number
My EE Amount is 3111 and ER Amount is 1476
So as per Your EE + ER Calculation = 4587/-
Then What About Interest and How Much I will Get I need Answer For This
i want to know my total pf balance in my pf account.
EE amount is-Rs.32875 and Er amount is-Rs.12805 then what will be my total PF balance in my PF account.
thanks KG
Why this difference pls help me
Please rpl.
Thanks,
Yogesh
This particular blog\post is really wonderful. Your explanation is butter smooth without any confusion.
I have a query: I worked for a company for 3 years 10 months and if I happen to check all the 46 payslips for the PF deduction from my salary it is around 50,987(roughly) rupees but when i checked the PF balance online it shows me 2 components EE amount-52988 and ER 25427.
Now my question is
EE amount is the employee contribution ?
ER is the employer contribution ?
Does the PF balance online does not show EPS amount ?
The EE and ER amount is calculated with interest ? as shown online ?
Can i consider my EPS amount to be EE-ER = 27561 ?
Ideally if I withdraw my PF amount I should be getting Amount= (EE+ER+EPS) - Applicable tax
Note: My and my employer contribution is same as mentioned in the offer letter.
Thank you very much and waiting for your feedback.
Sreehari
2) Yes, PF balance online does not show EPS amount.
3) Yes, the EE and ER amount as shown online, is calculated with interest
4) Yes, your EPS amount would roughly be EE-ER .
5)If you withdraw, your PF amount would be = (EE+ER+ a portion of EPS calculated acc to Table D). I don't think EPFO has started tax deduction at source. You are liable to pay taxes on the amount you get.
Hope I answered all.
I worked for about 5 yrs and resigned almost 2 years back. Now I want to withdraw my PF.
I have some doubts regarding the PF Closer & Pension Claim Form.They are as follows:
1. What is the meaning for old & new GSCA?
2. Are the term 'nominee' & 'trustee' same?If not what is the difference?
Thanks & Regards,
Oendrila Mondal
How long did it take for you to receive your EPF settlement amount from the date you receive your first amount ie EPS?
I got the EPS today 21/08/2014 and would like to know apprx by when I will receive the actual EPF amount?
Thanks
Ravi
Can i take advance against my PF?if yes what would be the amount i can withdraw as advance?
i would like to know whether my organization has opened a EPF account or not?
From one of my colleague , i got the organization EPF account details, Is it possible to know is there an account opened on my name or not?
Organization EPF No: PY/PNY/0016584/000/0000000
I Have completesd 4 years 4 months and now i hve applied for pf withdrawal.
Please tell me how much will get under this cateogary.
As per your calculation i have get 30000*3.99=119700 is it coreect plz tell me asap.
Regards,
Rajesh
On 14 Feb 2014,
On 14 Feb I given resignation but company rules one month notice period
My question is which periods consider for 10 c form
Can I withdrawal epfof amount
Yes, you can withdraw EPF but not EPS as you have exceeded 10 years.
I have Checked in my epf balance that shows EE Amount is 26478/- & ER Amount is 8141/-,But How much Total Amount ?
I joined an organization on 18 nov 2013 and left on 23 apr 2014. I would like to knw how much amount i'll get.
My groos salary was 25000 and in hand 23,200 and there was only p.f deduction of 1800 rs.
Somebody pls help me.
I Ravindar Goud,i need clarification about my Pf total amount Iam working 5 years in a company i had check pf balance in epf website,i got message like EE amont is 26748/- & ER amonut is 8141/- as on date 31-03-2014 accont updated,now how much amonunt coming to me?
I received a claim status confirmation that my PF is settled. Can you please let me know how long does it take for the money to be credited post receiving this message. Its been a week since I got the e-mail.
Regards,
Anne
Closing Balance as on : 25/06/2014 18:07:28
Employee Share : 18133
Employer Share : 5552
Pension Fund : 11243
Please advice me, my previous company services only 5 month. I have received amount only Form 19 but don't received any amount against the form 10C. It's showing rejected below message show
Claim ID : GNGGN140500013975
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (GNGGN00304410000000294) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
What can i do than recover this amount.
Your post is quite informative, and this responsive discussion forman gave me the courage to post my query.
I worked in org#1 (EPFO office at K R Puram, bangalore) for 4.1 years, then I changed my job in July'2010. This new org#2 also has their PF at KR pram, bangalore EPFO branch. I applied for my PF transfer in Jan'11. After waiting for 2 years, when I reached my current office for the status of PF transfer they said, it takes 2-3 years so you should be paitent. In march'14 I check on-line, it showed status (as of March'12) that my PF was rejected; reason- it was not properly stamped/signed by my current employer. My employer says they have stamped and signed duly. But till now neither me nor any of previous or current employer got any rejection form from PF office. So I though of re-applying , and I did 3 months back, again it was rejected saying The NAME and NUMBER mismatched and the rejection letter was sent to my previous employer. Now I went to the PF office personally, they told me everything matches, name and number and someone must have accidently rejected it.
My query is how can I get the interest for the period, from when my account has become dormant/inactive...as I have duly applied for the PF transfer on time and because of someone mistake at PF office I am loosing my interest.
Please help/guide.
Thanks in advance for the help.
regards,
rashmi
Thanks a bunch for your prolong support in this subject. Hope you will be able to clear my doubt regarding the EPS amount I have just received.
I have worked in the X organisation from 9-july-2012 till 6-Jan-2014, so I guess I was just 2 days shy of 1 year 6 months. My employer's contribution to EPS was 541 per month. I have just received 6539 exact, I believe that is the EPS only and EPF part will be credited subsequently.
Now, my doubt is that, as per calculation, my EPS should have been :
1.02*6500= 6630....considering that only 1 year of service is considered.
So, is Tax deducted from the amount or what?
And shall I be eligible for 1.99*6500= 12935....that is considering 2 years of service as EPF was deducted for 18 months only?
Will be greatful if you can clarify...
Thanks...
yes only 1 year of service is considered. As per my understanding , it should have been 1.02 * 6500 .
My basic salary was 6500, where as employee & employer contribution amount was 780 + 780(Employee & employer) kindly let me know the amount
I was working with the one company for 65months, now i left that company from past 3years. will i be getting the interest for that amount?
If i want with draw that amount what need to be done?
I just received the money from PF department yesterday. However, the money I received is just one third of the money to what I should have got.
What should I do in this case? I have raised a request on my company's portal to get this issue rectified. I have checked both EPFO and company's records, and the amount I have received is nearly one third to what I should have got!
Could someone please suggest?
Regards,
I applied PF on last month only. Now i got one msg from EPF balance department, in which they mentioned my EE amount as 20218 and ER amount as 7474. till 31st march 2014. I am Having doubt whether this is the final amount.
I Joined on 26 Oct.'11 and resign on 18 Nov.' 13. how to know about my PF amount, can i withdraw but how.
i was worked in company from jan 2012 to march 2014..now i left my job....Each month : 680 for first one year....Next one year my pf amount for each month is 750..so ,my pf amount for 2.3 years is around 18000..how much amount will i get?
Thank and Regards,
Priya
IN my PL Application for i fileld my name but on Account No. i Field my Friends Account No. and after an Year i file Again with Correct Account NO & Name, but still i not got PL provide any segation or any Help and pl Contact me if possible my mail ID:-mirajakar.santosh@yahoo.com
Pl Reply.
Thanks in advance.
Ash
i am working xyz company since 2008 & now i check my pf on website it show me my EE amt : 47631 & ER amt: 14571/-.( account updated 31/03/2014) if today i will leave job how much should i get pf?
& per my information same amount EE & ER should be same but its show me different amount?
Plz Reply
Please read the post to understand.
I have served in one organization for more than 10 years across multiple cities. Hence I had separate PF accounts in each city I have worked in. My latest PF account is active since 2009. Now that I have transferred the total EPF balance from my previous accounts to the latest one, Will I be eligible to withdraw EPS post my separation? Considering the rule of >10 yrs service one can't withdraw EPS but I'm just thinking that since my latest account is around 5 years in operation, I may be eligible. Your views please.
Thanks
Really appreciate the trouble you took to help others.
Could you please help me know my PF balance. I have tried several times via website but i am unable to get proper details.. KN/BN/24960/47588.
You can email me at tahasss21@gmail.com
Regards,
Mohammed Taha
Try with it
The reason behind it is that EPF is maintained with govt. to provide retirement benefits to the employees. If you withdraw the sum while working, it defeats the whole purpose.
I have checked my claim status it shows that the form has reached PF office on 6/5/2014. So how much time it will take to get into my account.
My DOJ in my company is 17.Nov.2011 and the DOR is 8 Dec 2013. My basic salary is Rs.7500/- and my monthly PF contribution is 12 %(employee and employer). I want to know what would be my total PF withdrawal amount . Pls let me know the calculation.
Thanks & Regards
Kapil
Thanks and Regards
Guru
thank u for writing this great article. I was searching for pf related questions on net from many days. All my queries are solved in ur article.
I have left the previous organisation in less than 2 years. I dont want PF to be withdrawn,
A) So do we get interest on accumulated amount though i have left that organisation?
B) If i withdraw it after 3 years so will it be non-taxable as amount would be there in account for 5 years?
thanks in advance for the advice.
Komal
A) Yes, you will keep getting the interest but only for the next three years. After that your account will become inoperative and will not receive any interest.
B) Yes, after 5 years of service, its non-taxable.
How is it possible. Can I get full amount, if yes then pl. let me know the procedure.
Thanks
If your basic salary was > 6500/- at the time of leaving , then your EPS should be around 26K. EPFO does not send any document regarding the calculation of amounts. However they provide the E-passbook facility wherein you can verify the amounts. Read more about E-passbook - http://www.humlog.net/finance/epf-account-online-e-passbook
Please help me to understand that.
I completed 5 year with my current organization . I am planning to withdraw PF amount for extension of my house.( I st. floor construction). I have permeation for construction of ist floor. can I apply ?
My total pf balance is:
Closing Balance as on : 04/03/2014 13:52:54
Employee Share : 8528
Employer Share : 2801
Pension Fund : 5724
But 4 days back I got 4896rs. credited to my account.can I expect the the remaining later?
And on what basis they are calculating it.If the remaining do not get credited within one week.what should I do?
For the understanding of calculation read my previous post - http://www.humlog.net/finance/calculation-of-epf-amount-with-interest
I was working for IBM Gurgaon , and due to some reason I took internaly transfer from IBM gurgaon to IBM bangalore , without my knowledge in bangalore new PF account has been opened . Now I left the organisation,I got the information that i need to fill up two separate form, but now I want to know that for my gurgaon PF account should i need to use revenue stamp also , as i was last working with IBM bangalore branch .And also i want to know that can i post my PF form to PF office or I need to go to the PF office to submit the form?
All you need to send forms to your employer. They will sign/stamp on it and then forward your forms to the EPF office. Regarding stamp, please ask your employer, whether it is required.
I applied PF on last month only. Now i got one msg from EPF balance department, in which they mentioned my EE amount as 3737 and ER amount as 1638. I am Having doubt whether this is the final amount. My contribution + Company contribution = My pf amount is this right, 3737+1638=5378 or 10756(double the amount). Which one i am going to get. Pls clear my doubt.
I was working for IBM Gurgaon , and due to some reason I took internaly transfer from IBM gurgaon to IBM bangalore , without my knowledge in bangalore new PF account has been opened . Now I left the organisation so i want to know that should I need to fill up 2 different form for taking out my Pf amount or i need to fill up only one form .
I have resigned Delhi base company working in Kerala for 10 years
I got PF but form 10c have been how should I fill and submit it. That
Form in my hand for 6 month please reply me
NOW MY AGE 34 HOW WILL I AM GETTING IN MY 58 OF AGE
I have got the PF amount but i have not get EPS amount i have worked for 1.4 yrs in my previous organisation. Pls share that how many days it would take to get 2nd credit as EPS payment.
I applied for pf withdrawal after leaving service at 4 years and 11 months of service. I just found out that my pf would be taxed and i want to avoid that. How can i cancel my withdrawal request - i have contacted my company, but there is no response from their side. also, my forms 19 and 10c have reached the pf office ...
please suggest and guide, and apart from that i while submitting the form i have submitted the old cheque which has been withdrawn thus year, will this create any issue in getting my pf amount as i don't have the latest cheque.
please suggest.
vineet
I dont think old cheque would be a problem.
My PF Withdrawal status online is showing as approved since 11th of April 2014. Any idea how long it would for the amount to be credited ?
Thanks for providing the detailed explanation.
Below are my queries:
1) As the EPS is restricted to 541/- per month does that means any thing extra would go to EPF contribution?
2) I was working with company X from June 2008-November15th 2012 and then joined another company from November19th - presently. I have applied for transfer of My EPF however, it is still pending. Please suggest if i should wait for the transfer or apply for withdrawal? if i withdrew the money will it be taxable.
2) Legally you can withdraw only if you are unemployed. So I suggest get your account transferred.
But my other colleagues have withdrawn their PF amount and are counting the Job.. Will it be taxed in my case?
You can see all the transactions there for eg. whether your employer has deposited the money to EPFO.
I have done all the required procedure, i got the msg form EPFO that your payment under process through cheque. I just want to know how many days it will take for cheque dispatch?
I submitted epf withdraw form 23rd january 2014 but as on date my pf not recd. Can u tell me how many days I recd. my pf amount my pf no. GJ/RJT/42802/981
I received sms today that is my application is under process and they given clain id too. can u tell me maximum how many days will take to credit amount into my account.
Thanks/ BR
Please see example calculations in my post to have a clear idea of what I mean.
My name is Pankaj. I left my present organization after 9 months and 19 days. Pf deduction is Rs. 780.00(as per salary slip).
just confirm the below:
I would get (780+780)*9 months=1560*9=14040+int.
please confirm whether the above logic is rt or wrong..
I have joined new company and would like to withdrawal my PF from earlier company where I have completed 6years and 3 month. Can some one please let me know how much amount I will get at the end?
Basic 10663 Rs
Employee PF Contribution 1280 Rs
Conveyance 800 Rs
Special Allowance 7383 Rs
Thank you,
Nasaruddin Mulla
I have submitted withdrawal form 19 and 10c according to sallar the fund was deducted from my side was 600 and from employer 600 total 1200, I worked only 6 months and resigned but the amount creditted in my account is only 5000 but according to the above senario total amound was 1200*6=7200. can any body explain me why this happened. Is epf money credit two times in account
Hope this solves your query.
of 3 year plz tell iam resign this job now
After completing 6years and 5 months I left my job.
And after 1 year I have claimed for PF amount through Agent.
Now I have one query regarding withdrawal of PF.
Do I will get all 3 amount as showing in PF passbook in one shot
Employee Share
Employer Share
Pension Fund
Or I need to apply again for particular one thing.?
Kindly Reply as per your convenience.
You can also email me on netih10@ gmail.com
Thank You!!
You will get all 3 amounts if you have submitted both forms - form 10C(Pension fund withdrawal) and form 19 (EPF withdrawal).
I hope I have answered your query.
Is there any way i can find out whether they have deposited the EPF amount or not?
I am not aware of any solution to your query. If any reader of this comment knows of any solution, please help us here. Thanks.
and how much amount is came for my settlement pls help me....
AM deepika i worked wit GE For 2 years and my Sal Take home was 14100.00 and i dont know my basic salary i just wanted to knw wat wud be my PF amount.
if i have completed 1year 7 months it will be considered as 2 years so am i going to get 24*541 or 19*541 because in my EPS only 19*541 is credidted.
Thanks
Nagesh
I had worked 4.4 yrs on previous organisation and now joined a new orgnisation.My query is
1.If I withdrawl l my PF then it is liable for tax as 5 yrs is not completed.If I donot withdrwal it and leave it for another 8 months so that 5 yrs get completed then is it liable for tax?
2.If i transfer PF to my current orgnaisation then after 8 months ,I am able to withdrwal of that money as it's get complted 5 yrs of contionous service.
3.Is it mandatory to withdrawl both PF amd EPS.If I want only withdrawl PF and want to transfer EPS to cureent orgnisation ,is it posible.
Yes, if you withdraw EPF before 5 yrs of service, it will attract tax. However, after 5 years completion, its tax free. As per law, you can withdraw EPF only if you are not employed anywhere. I would suggest that since you are currently working somewhere, you transfer you EPF from previous company to new company.
It is not mandatory to withdraw EPF or EPS.
1- your PF is the combination of funds deducted from your salary+employer's contribution of same amount, if you want to withdraw it after 5yrs of continuous service its non taxable, for the details of funds accumulated, visit epfo wesite, register yourself and get a full statement of you pf account, its very easy now a days and called as pf passport.
2- gratuity can be claimed anytime after 4 yrs and 8 months of continuous services , few people say it can be withdrawn only after 5 yrs. which is not true, it happened with me, got it before five years.
3- EPS can be withdrawn with PF if your services is less than 10yrs by filling form 10C.
Employee Share : 59493
Employer Share : 34170
Pension Fund : 23101
I want to know how much amount I will get as my PF.
Thanks
Rachit
You will get full Employee share and full employer share while the Pension fund amount that you will get will be based on the table D and explained in my post.
I applied for PF in June 2013.below is the description of PF: (484 for 11 months & 897 for 15 months)
484X2=968. for 11 months: 968X12=10648
897X2=1794. for 15 months: 1794X15=26910
Total: 10648+26910=37558.
Now my question is, how much interest I will get?
because 2 months back I got two SMS back-to-back: one for 9000 & another for 20000. Total=29000.
but still some amount is remaining. And I am totally confused when trying to calculate PF@8.7%.
Can someone here please help me getting this understand.
Thanks, Swapnil.
Employee contribution = 484 *11 +897*15 = 18779 . this is the principal amount without interest
Employer contribution: EPF part @ 3.67% out of 12% = 484*11*(3.67/12) + 897*15*(3.67/12) = 1628+4110 = 5738
The numbers should match if you do the calculation based on above.
Its a nice article and very helpful to all.
Please clarify about the EPS amount.
If let us assume that i worked for 2 years and 3 months in a company and if my contribution to the EPS account is Rs.500 for each month for the first year, Rs.600 for each month for the second year and then Rs.700 for the remaining 3 months each. Then as per your article, i will get the EPS amount as below
Rs.500 x 12 = Rs.6000
Rs.600 x 12 = Rs.7200
Rs.700 x 3 = Rs.2100
So i have worked for less than 2 and half years, my years of service in company is rounded to 2 years. so the EPS amount which is Rs.2100 is considered or not?
If not then is my EPS amount which i will get is like Rs.13200 (Rs.6000 + Rs.7200) x 1.99 = Rs.26268?
Please reply.
EPS Amount is part of employer's contribution. You DO NOT contribute to EPF. Furthermore, it is capped at Rs. 541/- monthly, an employer cannot contribute more than that. So if you have worked for 2 years and 3 months in a company and your basic salary was greater than Rs. 6500/-, then your EPS amount would be 6500*1.99 = 12935/-
Hope it clears your doubt.
Thanks for the reply,,,
I got you but still i have doubt. That is if i work for 2 years and 3 months and my basic salary for the first 2 years are less than Rs. 6500/- each and for the third year it is more than Rs. 6500/- and for the first year EPS amount is suppose Rs. 200/- for each month and for the second year EPS amount is Rs. 400/- for each month and for third year it is capped to Rs 541/- for each month then what would be the total EPS amount which i receive.
Appreciate your reply.
Thanks & Regards,
PPR
I worked in a company for one year, and my company deduced Rs.7800(total) during the period. which is clear from my pay slips. But when i check my EPF balance from from epfindia it showing only Rs.5400 (including both EE & ER). Is this is my entire PF amount please advise. My basic pay was 5000.
Thanks & Regards
Subin p
you need to tell me what exactly was your contribution to EPF every month and what was your employer's contribution to EPF every month. Hope you know that from employer's 12 % contribution, only 3.67% goes in EPF. rest goes in EPS.
Employee Share : 11889
Employer Share : 3761
Pension Fund : 7988
I have sent both forms 19 and 10C for claiming full amount of my PF. I want to know how much amount I will get as my PF.
Many thanks
Rajeev Kumar
My completed period on my last organization for EPS part was 01-July-2007 till 12-Aug-2013, if i calculate the completed years it comes 6 Years and 12 Days, rounding off to 6 Years for calculation purpose and my max cap of wages is 6,500 and my entire EPS contribution is Rs 40034, Recently i applied for EPF&EPS withdrawal and i received only Rs 38,915 only and i do not understand how come it be so. My questions are.
Case 1 : it should be 40034,
Case 2: it should be 6.07 X 6500 = 39,455
it neither fits in any of above? pls suggest what might have went wrong?
should i have to register a grievance with EPF office Pls suggest?
Your prompt reply will be highly appreciated.
Regards
Venkat
Yes, going by the table D it looks appropriate that you should have got 6.07 X 6500 = 39,455. I dont know whats wrong here. May be they had changed the 'proportion of wages at exit' in Table D. I could not find anything on internet regarding this.
However, you can always register a grievance with EPFO.
Let me and the readers here know as and when you find your answer.
Sincere Thanks
Your post is really very helpful. I need a small clarification on the withdrawal of the PF amount. Am working with an organisation for more than 5 year, now i would like to withdraw from my PF account to buy a plot please let me know how much amount can i claim from my EPF? Also advise if i can withdraw even from EPS for this purpose if so how much will i be able to claim?
I have over 12 years of experience in various companies, unfortunately i did not withdraw / transfer my PF amount for various reasons ... lately i have decided to withdraw PF amount and I have a query here WRT form 10-c under the section are yo willing to accept scheme certificate ... my basic was 40,000/- when i left the organization after working for 7 years ... now my query is when i opt for this option and the EPF will they hold 541/- rupees or 3.67% or 8.33% of monthly basic for the pension under pension scheme?
I resigned my present organisation on 12-Aug-13 and submitted this week for my PF Claim form. My question is what will be the percentage of interest i will be getting for opening balance of Apr13 and EPF Contributions done during Apr-13 Till Aug-13? as i understand form different sources that...EPFO announces the % interest of current year only during next year.
my basic salary was 5679/-. so i want to know that how much pf will i get back for these 15 months?
any idea?
This is regarding pf withdrawal i have submitted all documents which is required by previous company.
Receiving Date 3rd Sep '13
My PF state Karnatka right now i am in Chandigarh how can i confirm about the PF.
Please help.
Thanks for the helpful post . My question is - "I had worked for an organisation for 2.7 years, but I withdrew my total PF from it last month, that is 2.2 years later after i reaasigned from the organisation . Yesterday , I checked my total PF online on epfo.com, and got a message divided in two parts EE and ER, my EE is - 33 K and ER is 15 K . I want to know how much amount will be deducted for me, and how much will I get total approx .
Regards,
Vishal
please help me in finding out my accumulated amount
name in epf: sai pavan, 9912835143
thanks in advance neha
e.g if the last interest calculated date is 31/03/2013, and If I am resgining on 31/7/2013 will I get interest for the four months?
You just said you received EPF in two parts. Can you tell how many days gap was there between two credits? Actually I applied for withdrawal and so far I have received EPS part (which is smaller). Its been almost 7 days I am still waiting for the EPF part.
i worked in one company for total 19 month means 1 year 7 month. My contribution was 780 rs per month for 17 month and company contribution was 239 and rest was in EPS that is 541 for same 17 months. for last 2 month I paid 1840 and company contributed 1299 and EPS was same 541 for last two month also. so toal I contributed 16940 and company part is 6661 and EPS is total 10279. I joind company in 11th Nov 2011 and left by 8th june 2013 . I have filled both form 19 and 10c. Please let me know how much i will get in my account. I think 33880. if I am wrong then let me know how much I will get please Neha.
I resigned from my last job after completing 3.5 years of service in Jan 2011. After that i had applied for transfer but for some reason the request was rejected. Then later in May 2013 i have applied for withdrawal of the amount, but the issue is that my PF amount is held by the company itself in the form of a trust and i am unable to know how much amount is there in my PF account. Neither am i able to know the status of my PF withdrawal form, my previous employer is not responding properly. Request you to kindly help me out as to what i will have to do to get to know my status.
i have left a company 4 year back and that time my salary was 7500/- per month and my pf contribution was 467/- per month and same is deposited by my company, now i want to withdraw my PF amount and i want to know how much amount i will get.
I have cheked my pf a/c through pf pass book facility in epfo site.the details is given below -
employee share - Rs. 32068/-
employer share - Rs. 9888/-
Pension Fund - Rs. 20033/-
kindly tell me how much amount will i get.
30.90 % tax from the PF amount and they are showing the cause that I've only 3.1 yrs service record in company that’s why they are deducting the tax, if I continue my job in company for 5 yrs then the tax would not be deducted. But I’ve submitted the withdrawal form after 5 yrs, still the company is denying that. I like to know that whether they are correct in this issue or not. If they are not correctly saying then what can I do to retrieved my deducted amount ? please let me know as soon as possible.
My PF A/C open Aug 2008 and left the company 6-Sep-2011, send my PF withdraw form on 13th Aug 2013.
Please share EPS calculation details.
Total service period – 3.1 yr(37 Months). 541/- every month deducted.
After seeing so much of reply from you in this thread, i felt hapiness that i may get my answers soon.
I worked for an organization (1st org) where PF is kept in EPF trust. I worked for four years and moved to larger
organization (2st org) where the PF is maintained by its own trust. There is no EPS here. Only EPF by employee and
employer. Later the company split into two (3rd org) and the PF is moved to EPF trust.
Now the problem for me is,
1) where is the EPS deposited from my 1st org had gone ? are they transfered as part of EPF transfer from 1st to 2nd org ? how i can find this?
I see 50% difference, i.e, employee EPF contributon was 40K and employer contribution was 20K (from 1st to 2nd org)
2) Now I have 12 years of service. If the EPS from the PF trust is still there, will I be able to withdraw/transfer to the current EPS held by my current organisation (3rd org)?
Kindly help me.
Thanks
Velu
I have worked in a Private Company for 1.9 years. I have applied for pf withdrawal. My basic was 9000/month(EPS deduction-541 each month).But for the last month, I worked for just 12 days and was paid for that(So, basic for last month was 3600 rupees and EPS deduction was 300rs). Will I eps amount of 1.99*6500=12935 or 1.99*3200=6368?
This is sivaram from visakkapatnam. I worked in a BPO organisation for two years and recently i got the job in railways. I with drawn my epf amount by submitting the forms(I dont know what the forms name is) but after submitting the forms in the office i got the money of 17500 rs. in my account within 17 days. but I downloaded my pf passbook from the official website. there I found I have two portaions that is epf DEPOSITS + Pension Scheme: 16987 + 8169 I have the money but I got money only 17500; I didn't get the total money. Can you tell me how can i get the total money and give me the reason why I didn't get the money at a time.
Thank You
This is sivaram from visakkapatnam. I worked in a BPO organisation for two years and recently i got the job in railways. I with drawn my epf amount by submitting the forms(I dont know what the forms name is) but after submitting the forms in the office i got the money of 17500 rs. in my account within 17 days. but I downloaded my pf passbook from the official website. there I found I have two portaions that is epf DEPOSITS + Pension Scheme: 16987 + 8169 I have the money but I got money only 17500; I didn't get the total money. Can you tell me how can i get the total money and give me the reason why I didn't get the money at a time.
Thank You
i am not sure how i can contact you. hence, Could you please give me your email ID. i was working with a company from Dec 06 to June 10. i have not withdrawn my PF yet and was interested in knowing how much i should expect. i can send you my PF deductions on email.
Thanks,
Alan.
I am withdrawing my fathers PF as he passed away recently after 36 years of service.
His EE is 23 lakhs and ER is 21 lakhs. I have the following questions:
I have submitted form 10d, 5IF and 20.
1) what amounts will I be getting once the claims get processed?
2) is the final settlement amount for form 20: eex2 + er?
3) is the er amount inclusive of the interest obtained over the past several years?
4) so I can claim a maximum pension of Rs 3250 as per your calculations?
I have received only 51,000/- yesterday 22/8/2013. I'm not sure about the rest of the amount.
Closing Balance as on : 26/03/2013 11:29:02
Employee Share : 35396
Employer Share : 11253
Pension Fund : 20956
EPF website says both form 19 and 10c has been approved and Payment is under process.
Not sure why i have not received the complete amount. also want to know how much is the approx balance amount that i need to get?
Thank you so much for your assistance on this.
Regards,
Padma
How much pf will i get on withdrawal?
Please advise.
Ajit
I am changing jobs and shifting abroad, due to this I am planning to withdraw my PF. Will the amount be taxable?
Thank you
today i have got Rs.10550/- basic and pf deduction Rs.1266/- If i have take
retirement what pension I will get today MY DOB 03.05.1960
today i have got Rs.10550/- basic and pf deduction Rs.1266/- If i have take
retirement what pension I will get today
I was working with HCL Technologies Noida, I wan to withdraw my EPF money after leaving job. In which EPF office (Noida or Delhi) I have to submit form 19 and 10c as HCL registered address is of Delhi.
Also do let me know do I need to get these form signed by my Employer also.
I want to know how much amount i will suppose to get if my basic salary was 1950/- per month and i can see my pf deduction in my salary slip is 234/- per month and i left that company in the year 2005 but still i did not withdraw the balance is it possible that i can withdraw the amount or not ---- please reply me as soon as possible ____-
Thanks
Sharad Gopal
I want to know how much amount i will suppose to get if my basic salary was 1950/- per month and i can see my pf deduction in my salary slip is 234/- per month and i left that company in the year 2005 but still i did not withdraw the balance is it possible that i can withdraw the amount or not ---- please reply me as soon as possible ____-
Thanks
Sharad Gopal
I have left a office after 3.1 year. I have checked online my EPS (Employee Pension Scheme) amount is 17160. Then how much I will get.
And
Employee share is 25472 and Employer share is - 7798. Then Please tell me how many rs I will get (EPF+EPS)
--Ajay
As per the PF passbook my employer and employee contribution is 10000+5000 =15000, but as per the company there is double deduction in salary so please let me know how much i would get if i withdraw now.
Regards
Amaravani
Please tell us how to get EPS after 10 years
Recently I got my pf in 2 parts first I got 25,935 and then I got 69,514 /- I want to know how much interest I got in this total amount. is 95449. please help me
Sat sri akal,
My previous employer not cooperating me . many times i have sent the filled form but they do not deposit it in epf office,after 3 months my a/c will be expired as it is going to comlete 5yrs. What should i do now????????
Thanx n Regards
Gurpreet Singh
gpsbal99@hotmail.com
when will i get the advance payment
my claim status is:
Claim ID : TNMAS130600014660
Status : Claim Form 31 for PF Advance AGAINST Member Account No (TNMAS00532650000000025) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
Reason of rejection: The reason of rejection is not available in database. You may please contact RO/SRO CHENNAI for further details
Claim ID : TNMAS130700042460
Status : CLAIM FORM 31 FOR PF ADVANCE FOR MEMBER ACCOUNT NO TNMAS00532650000000025 HAS BEEN RECEIVED ON 18.07.2013 IS UNDER PROCESS.
pls advise
I served my company for 3 years but i withdrawn my PF only after 5 years. Will this amount be taxable? Please advise..
Regards,
Abhay
As i understood with EPS calculation please correct my understanding on below queries.
1. No.of years (Based on Table D ) * 6500- Even though my basic is more than 6500 is it calculated as 6500 because it is the max limit.
2. If it is more than 10 years and if i didn't with draw EPS amount what will happen with that amount.
Will i get that amount at the time of closing the PF account.
Thanks,
Manikantas
2. You will become eligible for receiving pension after the age of 58 years on production of scheme certificate in the department. However, the maximum Pension per month is subject to maximum of Rs 3,250 per month.
I am presently working with an organisation for last 11 years.
2 quires:
1. Before applying for PF Advance:
I applied for PF Advance to purchase site. Before applying I had checked the balance through sms at epfo and received sms info
(i.e as EE Amt: Rs.3.63 lac, ER Amt: Rs. 2.7 lac approx as on 23-3-13 [a/c updated on 31-3-12]).
- The site value is 7 lac.
- 24 months (Basic+DA) is more
- Balance in PF is 6.33 lac
- Applies amount is 6.3 lac (which is less) but amount got transferred is 6 lac.
2. After registering at epfo downloaded the EPF Account Passbook to check the balance and it shows:
as on 28-6-13
Deposited:
EE: 408486
ER: 305343
Withdrawn:
EE: 437700
ER: 162300
Pension Fund: 70330
Closing Balance as on : 23/07/2013 08:23:08
Employee Share : -29214
Employer Share : 143043
Pension Fund : 70330
So the Question:
- Why not 6.3 lac and 6 lac
- Why EE is showing in minus and ER is showing 1.43 lac
- Why sms showed 6.33 and not what passbook shows
- According to the EPF Passbook balance it is more the 7 lac and site value is 7 lac. If I was known I would have asked for 7 and not 6.3 lac.
- Is there any way I can get that balance amount (not Pension Fund)
When I inquired at PF office they said we can withdraw 100% (not Pension Fund)
Thank you.
2. No idea.
3. sms was showing records till 31-3-12 while Passbook is showing the latest status. There must have been additional deposits every month (+ interest on it ) in this period.
4. I dont think you can withdraw now because this facility can be availed just once during the entire service. <a href="http://www.epfochennai.tn.nic.in/advances_withdrawls.html">Details</a>
Even if the employer and employee contribution is supposed to be 12%, the amounts may not match. One can roughly deduce the employer contribution by subtracting EPS component (Rs. 541 per month * number of months) from the total employee contribution. Your post helped immensely!
I have worked with a company for 9.6 years, my pf ded were Rs: 126 and employers also 126. I have applied for withdrawls by applying form 19 and 10c. I got sms from pf.office on 19-07-13. Can you please calculate how much amount i will get from pf. and how much time will it take to complete the process. I shall be thankful to you.
Regards:
I was joined in my company at Jun2011.now i am decided to resign from my company on coming august.So totally 26 months.My basic salary is 3700.Please help me to know in how many days I can get my money ? & also how much i will get? .I was checked with online EPFO but i am getting error.
(Error received from Service.)
can any body help me out.
thank you
my gratuity has been settled..now for pf i have 2 questions..
1) as per my pf slip my pf no D0281X that is emp code followed by x...however i tried to get the status online epf but it is not accepting alphanumeric...i wrote many mails to company for my pf a/c no..they always rvert with the same a/c no..is the employee pension scheme number and pf number same?
2) since i am unemployed i opted for PF wdrawal..i read somewhere that if you wdraw you woudnot get the employers contribution amount on wdrawal..is that true..i mean say for e.g my pf balance was 8 lac rs..so will i get all 8 lac or 8 lac minus employer contri for these 10 years.
thanx in advance
2. You will get the full amount : your contribution + employer contribution both.
I am working in an organisation from 2 yrs and 11 months. My EE share is 50934 and ER share is 50934 and pension fund is 15809. I would like to change from this firm. Please let me know how much amount will I get if i claim PF?
Thanks,
Srikanth
I am working for last 23 months and my total PF (my + employers contribution ) is around 1lac 5 thousand. as I am resigning from my job and going for higher studies, I want to withdraw the full amount.
How much amount will I get back?? I mean what all deductions will be there?
Regards
Shekhar
my employer also contributed the same amount.
my basic was 6464.
the current pf int rate is 8.5%.
so what will be my pf balance if i claim?
i resigned on 10 apr 2013.
My DOJ in my company is 14.06.2010 and the DOR is 31.08.2011. My basic amount is Rs.5500/- and my monthly PF contribution is Rs.660/- (employee and employer).only june contribution is Rs 374/-. I want to know what will be my PF withdrawal amount and appropriately when will I receive the same. Pls let me know the calculation.
Claim ID : VDBRD121000006907
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (VDBRD00657300000000039) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim form.
Reason of rejection: The reason of rejection is not available in database. You may please contact RO/SRO VADODARA for further details
Claim ID : VDBRD130600005396
Status : CLAIM FORM 10C FOR WITHDRAWAL BENEFIT/SCHEME CERTIFICATE FOR MEMBER ACCOUNT NO VDBRD00657300000000039 HAS BEEN RECEIVED ON 13.06.2013 IS UNDER PROCESS.
Claim ID : VDBRD130600005397
Status : CLAIM FORM 19 FOR PF SETTLEMENT FOR MEMBER ACCOUNT NO VDBRD00657300000000039 HAS BEEN RECEIVED ON 13.06.2013 IS UNDER PROCESS
I was working with Wipro for four years and my company had paid my PF amount to an account, say Acc A. I rejoined Wipro after 6 months and is still working for more than a year and my PF account is a different one, say Acc B. Please let me know if I can withdraw the amount from Acc A. What is the process? Do I need any document from Wipro
This is Rashmi. I had joined the company on Jan 3rd of 2011. I just entered my EPF and checked it online and got a msg that EE amt is Rs.6122, ER amt is Rs 1871 as on 12.06.13 (Accounts updated upto 31.03.12-EPFO. Can I know if i resign now what is the amount i will be withdrawing...
Kindly show me the calculation ..
Regards,
Rashmi
Thanks for such a wonderful post..
Please help me on this!
I was working for a pvt organization from july 2011 to mar 2013.
Today I received my provident fund amount, but it is much less than what I evaluated.
My EPF balance till Nov 2012 was around INR 53,500, and I left the job on 02 mar 2013. The amount which has been credited is only INR 59,128.
I came to know that the FPF amount that should have been credited would be (6500*2.05=INR13,325) in itself.
But why I got so much less amount?
Is INR 59,128 the total part i.e. EPF and FPF that has been credited, or only the EPF part?
You will get the amount in two parts so whatever amount you have got should be just the EPF part. Acc. to Table D you will get 1.99*6500 as your EPS amount.
My DOJ to the company - 02.01.2012, and the DOR is 15 Sep 2012. My basic salary was Rs.22000/- from Jan -2011 - Sep 2012 and my monthly PF contribution is 12% Employer is 12% ( PF).
I want to know what would be my total PF withdrawal amount .
Pls let me know the calculation.
Regards,
B.Mugilan
what is total withdrawl amount eps ?
So in your case, rounded years of service=2, fraction = 1.99. Hence withdrawal amount would be 1.99*6500
My old Company is taking too klong to get the forms filled up and send to EPF offgice, they are delaying it for almost 4 months now... Is it possible that I claim the EPF directly ? Kindly share the process....
I have applied for my PF and online status shows that Form 10C is under process and Form 19 is also under process. after this process how many day get payment in my account..
Very useful info provided over this article, Thanks for throwing some light on the darkest area.
Please clarify my below doubt
Whatever sms we get from epf website is only EPF amount with interest calculated accordingly and doesn't include EPS amount...but once we withdraw PF by submitting both Form 19 and Form 10C, we should be getting EPS amount also right which is not sent through SMS. Have I understood it correct ??
Please suggest reason
1. Can I apply for PF withdrawal now? Do I have to fill up the same For 19 and 10c for this?
2. Also, will I get interest on the amount for this 2-year period?
Looking forward to your response. Thanks.
1) Yes, you can apply for the PF withdrawal now. The process is same - fill up form 19 and 10c.
2) Yes, you will get the interest for the 2-year period. It takes 3 years for the account to become dormant : <a href="http://articles.timesofindia.indiatimes.com/2011-03-03/india-business/28649979_1_inoperative-accounts-epfo-employees-provident-fund-organisation">Details</a>
Is interest calculated in the current month or is there any period for interest or after that it is not given interest on deposit amount.
Regards,
Narender
My EE amount is 20 Rs and my ER amount is 10, now I have quit from the old company, will I get both EE and ER amount? Will there be any sort of deductions?
I have worked in previous company located in Bangalore for 11 months and its PF office is in Mumbai.
Please clarify my doubts below:
1.Is revenue stamp mandatory for PF withdrawal forms??(I read that revenue stamp is not required for Bangalore PF office, since the PF office of my last organization is in Mumbai , is it mandatory to affix revenue stamp.
2. Do I have to fill form 10c?? Can I withdraw my pension account also??
Thanks
1) You might have to affix revenue stamp if your PF office is in Mumbai. Please double check with your employer.
2) Yes, for Pension withdrawal you have to fill up form 10C
My DOJ to the company - 10.03.2010, and the DOR is 15 May 2012. My basic salary was Rs.3400/- from Mar 2010 - Aug 2010, then Rs.4000/- from Sep 2010 - May 2011, later it was Rs.5000/- from June -2011 - May 2012 and my monthly PF contribution is 12% Employer is 13.61 ( Pension fund + PF). I want to know what would be my total PF withdrawal amount . Pls let me know the calculation.
As per my contribution it is around Rs.13194/- , what would be the total amount that I get on withdrawal.
Please let me know the correct pf balance.
Thanks and Regards
Ramya
i need to claim my PF (currently working company) of around 2 years, please let me know the procedure.
My DOJ in my company is 03.apr.2010 and the DOR is 17 sep 2012. My basic salary is Rs.4500/- and my monthly PF contribution is 12 %(employee and employer). I want to know what would be my total PF withdrawal amount . Pls let me know the calculation.
Because i have gotten only 21,500/- , despite working for about 2 years and 5 months. Is this the right amount.Please let me know the correct pf balance. If it is incorrect whom i have to approach. I called HR dept of my previous company, she gave me couple of numbers such as 1242578635, 01242578638 & 01242578633 and no one is answering the phone. Please help.
Thanks and Regards
Sowmya
Yes, the amount you got seems to be less. Can you tell me the exact amount contributed by you and your employer? It should be written in the salary slip. Your EPS part alone will come out to be 12935/- (1.99*6500) .
If you are not satisfied with the amount you got, the only way left for you is to file an RTI (only after filing an EPF grievance redressal form). For details see : <a href="http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html">File an RTI application for EPF withdrawal </a>
I worked in an organisation for 4 years and 11 months 26 days (got released 4 days ahead of DOJ anniversary) :(.
Now, if I withdraw the PF amount, then will it be taxable?
As, I am outside the 5 years limit but the service is less than 5 years.
TIA,
Amar
If I withdraw, will I have to pay tax considering this being a start-up, we still don't have EPF going for anyone. Thanks for your help Neha.
Your withdrawals will not be taxable as you have now crossed the 5 yr limit of working years.
Please help me to know in how many days I can get my money...? Coz it's already more than 43 days....
Thanx
You can check your status online as described in <a href="http://www.humlog.net/finance/epf-balance-check-error-or-office-code-not-in-list">this</a> post. It usually takes 3-4 months for the EPF money to get credited in your account.
My friend recently resigned from her job and she wants to withdraw her PF , but her company claims that rules have changed and you cannot withdraw your PF anymore , you can just have it transfered. The PF in your account will be accumulated and only can be withdrawn at the time of retirement i.e at the age of 55 years or in case of some specific conditions.
As your post seemed very latest so just thought of sharing as I dont think this of accurate information.
There are no rule changes regarding withdrawal of EPF as per my knowledge. You can withdraw your EPF if you are unemployed at the time of withdrawal. The EPF site itself has withdrawal forms for download purpose.
First of all thank you so much for your post. I was working in a company from Aug-10 to Feb-12.
I have seen 4973 is deducted from my monthly salary. I was working for 17 months and the total PF deducted approximately Rs 84541 /- . I applied for withdraw and I filled 10c and 19 forms. I have got only Rs 12,935 . I am totally confused and worried so much. Please let me know, am I got 10c claim or form 19 claim? Is the pf office deposit the amount in single slot for both? If yes, why i have got less amount. Thanks in advance for the help
As mentioned in <a href="http://www.humlog.net/finance/calculation-of-epf-amount-with-interest">another post </a>, you have just got the EPS part i.e. 10C claim. You will get the other part soon. Although I got both the parts on the same day, some people report getting the another part a week after or so. Hope it relieves your tension :)
how much amount I can withdraw today. Thanks
its very urgent .
regards
sujeet sahani
9718991201
Have you tried checking your PF status online? <a href="http://epfoservices.in/epfo/member_balance/member_balance_office_select.php"> EPFO balance online</a>
I left my first organization after serving them for 2 years 11 months and 29 or 30 days in Nov 2009. I left my second organization after serving them for around 10 months in Sep 2010. I applied for their PF transfer but nothing is showing on EPF website for first companies status. It shows the below status for my second company's PF transfer request:
Status : Claim Form 13 for Transfer to New Account Number: AGAINST Old Member Account has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
Now I want to withdraw the account as I do not find it feasible that i would easily be able to transfer the amount.
All the info provided would really help, just a quick question that after filling the Form 19 & form 10c whom should I send the forms, is it the previous employer or to the EPF office of the company's head quarter (whose code exist in my PF account number e.g. MAS for Chennai on my payslip). And is it just 2 papers i.e. form 19 & form 10c that I need ot send or is it anything else, I need to send to them. Kindly assist. Your assistance wil be really appreciated.
Regards,
Ankit
I joined on 28th April 2008 and 04th April 2013 would be my last working day in my company, would my PF amount be taxable...? if yes then at what %age....?
thanks
I have worked in a company for more than 6 years, just wanted to know how much i would be eligeble for payment cerdit in my account both under 10C and form 19.
Incremental Deduction in salary is mentioned in below table
Onwards PF deduction basic wage
28NOV05 552 4600
28N0V06 785 6545 533ESIC
01APR07 785 6545
01JAN08 794 6611
01AUG08 793 6611
01JAN09 801 6677
01FEB09 801 6677
01JAN10 904 7535
01SEP10 958 7984
However according to PF Slips.
DATE EMPLOYEE EMPLOYER
10-11 60402 20836
09-10 44319 14373
08-09 31643 10259
07-08 20037 6545
06-07 9432 3214
05-06 1724 528
Regards
rajxgen
I am Senthil from Madurai.
I work as A HR Executive in "DOT COM INFOWAY"
I would like to thank you for giving such a wonderful informative message.
it really feeds me a lot on this topic.
if you can please tell how to get that 8.33% which is been deducted for EPS form Employer contribution and tell me when can i get it?
Thanks in advance.
Best Regards
Senthil
You have to fill Form 10c for EPS withdrawal. You are eligible to withdraw EPS only if the total service period is less than 10 years. Once, the service period crosses 10 years, the withdrawal option ceases. Hope it helps you.
Thanks for your information. Its really very helpful for all.
Please let me know how we can get our EPS amount after 10 years.
I've been received 10 salary cheque during the time.
My PF contribution was Rs780 from my salary
& Employer contribution was exactly the same like above case EPS 541+ EPF 239=Rs780 similarly like above.
Now i want to withdraw my PF so please suggest me how can i get my PF asap & How much amount I'll get now as its Feb13 running.
HELP please.
Formalities-Documents-time etc??