Dear Friends,
I worked for an organization from 10.04.2009 to 02.09.2009. As per CTC, they deducted EPF of Rs. 903/- per month. By the end of August, the total accumulated amount was Rs. 4213. I resigned from the job on 02.09.2009 and applied for PF withdrawal. When I submitted the PF withdrawal request, the HR Executive informed me that I would receive Rs. 4213 + Rs. 4213 (from the employer).
Recently, the PF office deposited only Rs. 4800/- into my account. To my knowledge, the PF office did not pay the employer's share of PF. Please advise on how to retrieve the remaining balance amount.
Regards,
P. Bapuji.
From India, Madras
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I worked for an organization from 10.04.2009 to 02.09.2009. As per CTC, they deducted EPF of Rs. 903/- per month. By the end of August, the total accumulated amount was Rs. 4213. I resigned from the job on 02.09.2009 and applied for PF withdrawal. When I submitted the PF withdrawal request, the HR Executive informed me that I would receive Rs. 4213 + Rs. 4213 (from the employer).
Recently, the PF office deposited only Rs. 4800/- into my account. To my knowledge, the PF office did not pay the employer's share of PF. Please advise on how to retrieve the remaining balance amount.
Regards,
P. Bapuji.
From India, Madras
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Dear P Bapu ji,
The PF is deducted at 12% of the Basic salary. I agree with you that the employee and employer contributions were the same. With effect from 16th Nov 07, some norms have been changed. If the company is registered in RPFC, then some amount from the employer will go to EPF, so the employer contribution is divided. The 8.33% is transferred to EPS (Employee Pension scheme), and the balance 3.67% is the employee's contribution to PF.
For Example:
Case 1: If the basic salary is Rs 5000/-
Employee contribution: Rs 600/- (12%)
Employer contribution: Rs 183.50/-(3.67%)
Transfer to EPS: Rs 416.50/-(8.33%)
To withdraw the amount with EPS, i.e., a pension scheme, you need to fill out a form. I am sending you the attachment for the same, i.e., a pension withdrawal form.
I think they have provided you with both the amounts of the employer as well as the employee, but they have deducted the eligible amount from the employer's part.
From India, Mumbai
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1The PF is deducted at 12% of the Basic salary. I agree with you that the employee and employer contributions were the same. With effect from 16th Nov 07, some norms have been changed. If the company is registered in RPFC, then some amount from the employer will go to EPF, so the employer contribution is divided. The 8.33% is transferred to EPS (Employee Pension scheme), and the balance 3.67% is the employee's contribution to PF.
For Example:
Case 1: If the basic salary is Rs 5000/-
Employee contribution: Rs 600/- (12%)
Employer contribution: Rs 183.50/-(3.67%)
Transfer to EPS: Rs 416.50/-(8.33%)
To withdraw the amount with EPS, i.e., a pension scheme, you need to fill out a form. I am sending you the attachment for the same, i.e., a pension withdrawal form.
I think they have provided you with both the amounts of the employer as well as the employee, but they have deducted the eligible amount from the employer's part.
From India, Mumbai
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Hi Divyanshu...can you tell me the rules & forms etc regarding withdrawal of Pension while withdrawing EPF.
From India, Mumbai
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From India, Mumbai
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Dear Friends,
I worked for one organization from 10.04.2009 to 02.09.2009. As per CTC, they deducted EPF Rs 903/- per month. By the end of August, the total accumulated amount was Rs. 4213. I resigned from the job on 02.09.2009 and applied for PF withdrawal. When I submitted the PF withdrawal, the HR Executive informed me that I would receive Rs. 4213 + Rs. 4213 (from the employer).
However, the PF office recently deposited only Rs. 4800/- into my account. To my knowledge, the PF office did not pay the employer PF contribution. Kindly advise on how to claim the remaining balance amount.
Regards,
P. Bapuji
EPF Members should have more than 6 months of service to claim the EPS amount, which is 3.67%. This is why you did not receive the amount as mentioned by HR. You can also clarify the details of your account from the nearest EPFO Sub-Regional Office.
Regards,
Sathasivam
HR Manager
From India, Karur
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I worked for one organization from 10.04.2009 to 02.09.2009. As per CTC, they deducted EPF Rs 903/- per month. By the end of August, the total accumulated amount was Rs. 4213. I resigned from the job on 02.09.2009 and applied for PF withdrawal. When I submitted the PF withdrawal, the HR Executive informed me that I would receive Rs. 4213 + Rs. 4213 (from the employer).
However, the PF office recently deposited only Rs. 4800/- into my account. To my knowledge, the PF office did not pay the employer PF contribution. Kindly advise on how to claim the remaining balance amount.
Regards,
P. Bapuji
EPF Members should have more than 6 months of service to claim the EPS amount, which is 3.67%. This is why you did not receive the amount as mentioned by HR. You can also clarify the details of your account from the nearest EPFO Sub-Regional Office.
Regards,
Sathasivam
HR Manager
From India, Karur
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Dear bapuji, i agree with divansyu, u must see whether u have filled pension withdrawl form or not!! Manish
From India, Mumbai
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From India, Mumbai
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Thanks Mr. Divyanshu, for this valuable information which i was not aware of, but should know as i have just started my career in HR. Regards, Pooja Saha
From India, Calcutta
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From India, Calcutta
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Employee contribution is 12% of your basic and DA. Employer contribution is 8.33% towards FPF (Pension fund), and the remaining 3.67% will be deposited into your PF account. Therefore, the total PF contribution will be 12%, with 3.67% going into your PF account, while the rest will be allocated to your Family Pension account, subject to a maximum of 6500/- of your salary.
I hope this explanation is clear. Please do not hesitate to contact me if you have any further questions.
N. Kannabiran
From India, Madras
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I hope this explanation is clear. Please do not hesitate to contact me if you have any further questions.
N. Kannabiran
From India, Madras
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Dear friend, I am sorry to agree about the service for PF Accumltn. with regards, Sathish Kumar P.
From India, Bhubaneswar
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From India, Bhubaneswar
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf