Hi Friends,
please find the details on the amendments made to EPF contribution of International Workers.
Regards kml
From India, Bangalore
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please find the details on the amendments made to EPF contribution of International Workers.
- Provident Fund withdrawal is not possible until the International Worker retires or reaches 58 years of age, whichever is later (except under specific circumstances).
- Bank account in India has been made a pre-requisite for obtaining refund from Provident Fund Authorities (except where the assignee is covered under a Social Security Agreement).
- Employer's contribution allocated to Pension will no longer be capped at 8.33% of Rs. 6,500 per month.
- No pension benefit will be available to International Workers under the Pension Scheme (except where the assignee is covered under a Social Security Agreement or has rendered more than 10 years of service in India).
Regards kml
From India, Bangalore
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Hi,
Can you guys provide clear details about PF International Workers?
If an NRI Works here what are procedures need to follow and
If foreign employees are come to work in india for over a period of time what kind of procedures need to follow?
please revert with answers asap.
Thanks and Regards
Ashok Kumar
From India, Hyderabad
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Can you guys provide clear details about PF International Workers?
If an NRI Works here what are procedures need to follow and
If foreign employees are come to work in india for over a period of time what kind of procedures need to follow?
please revert with answers asap.
Thanks and Regards
Ashok Kumar
From India, Hyderabad
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Hi,
I am a foreign national and i have been working for India for 3 years . after completing the first year , I move to another company Y
and asked for my PF withdrawal which happened without any problem from the company X.
Because of the new indian government rules , Imy company was obliged to terminate my contract and i got suprise to know
that i can not withdrawal my PF as per a new government rule .
My questions are the following.
1) Is this Rule for the PF withdrawal concerned me as my recrutement happen before it got published ( hire on august 2008)
2) for my PF withdrawal , is that mean that I hace to wait till 58 years ??
What is the procedure to get it back later as i am not anymore in India ???
Regards
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1I am a foreign national and i have been working for India for 3 years . after completing the first year , I move to another company Y
and asked for my PF withdrawal which happened without any problem from the company X.
Because of the new indian government rules , Imy company was obliged to terminate my contract and i got suprise to know
that i can not withdrawal my PF as per a new government rule .
My questions are the following.
1) Is this Rule for the PF withdrawal concerned me as my recrutement happen before it got published ( hire on august 2008)
2) for my PF withdrawal , is that mean that I hace to wait till 58 years ??
What is the procedure to get it back later as i am not anymore in India ???
Regards
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Dear hiKamala,
Thank you very much for your valuable sharing.
Regards,
Keshav Korgaonkar
http://www.shantadurgaent.com,Welcome To Shantadurga Enterprises
Cell : +91 99675 16383
From India, Mumbai
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Thank you very much for your valuable sharing.
Regards,
Keshav Korgaonkar
http://www.shantadurgaent.com,Welcome To Shantadurga Enterprises
Cell : +91 99675 16383
From India, Mumbai
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Can you please provide clear details about PF International Workers?
If an NRI works here, what procedures need to be followed, and what is their PF wage ceiling limit to contribute to PF? If foreign employees come to work in India for a period of time, what kind of procedures need to be followed?
Please revert with answers asap.
Thanks and Regards, Bharathi
From India, Bangalore
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If an NRI works here, what procedures need to be followed, and what is their PF wage ceiling limit to contribute to PF? If foreign employees come to work in India for a period of time, what kind of procedures need to be followed?
Please revert with answers asap.
Thanks and Regards, Bharathi
From India, Bangalore
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Epf amendment 2008 International.p df
International worker , EPF notification .doc
EPF& EPS FOR INTERNATIONAL WORKER.Notifica tion.jpg