Hi Krishna,
I worked at a company for 20 months, from October 4, 2010, to July 14, 2012. Rs. 780 was deducted from my salary every month. Could you please provide me with the employer's contribution details and a comprehensive calculation of the total PF amount I will receive as I have requested to close this account? Thank you in advance.
Regards,
Krishna
From India, Chennai
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1I worked at a company for 20 months, from October 4, 2010, to July 14, 2012. Rs. 780 was deducted from my salary every month. Could you please provide me with the employer's contribution details and a comprehensive calculation of the total PF amount I will receive as I have requested to close this account? Thank you in advance.
Regards,
Krishna
From India, Chennai
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Hi Krishna,
Employer PF should be converted into two parts. One is Employer PF of Rs. 239/-, and the second one is Family Pension of Rs. 541/-. You can get Rs. 780/- + 239 * 20 = Rs. 20380/- + Interest (Annual Interest 8.50%).
The Pension fund Rs. 541 * 20 = Rs. 10820/- approximately (no interest is attracted for this amount; it's called service value).
Srini
From India, Hyderabad
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Employer PF should be converted into two parts. One is Employer PF of Rs. 239/-, and the second one is Family Pension of Rs. 541/-. You can get Rs. 780/- + 239 * 20 = Rs. 20380/- + Interest (Annual Interest 8.50%).
The Pension fund Rs. 541 * 20 = Rs. 10820/- approximately (no interest is attracted for this amount; it's called service value).
Srini
From India, Hyderabad
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Thank you very much for the calculation Mr. Srini. so if i close my pf account now. will i get the total of 20380+ interest + 10820 . so the total comes around 31000+ interest, am i correct.?
From India, Chennai
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From India, Chennai
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Ok, great. At present, I have received Form 19 claim amount yesterday, and both my Form 10C and 19 got approved. However, my 10C amount is pending from the PF office. Any idea how long it takes to get credited?
From India, Chennai
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From India, Chennai
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one week different is there between receiving the amount, u can check your clime status in epfindia.com srini
From India, Hyderabad
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From India, Hyderabad
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I have checked. Here is the status:
STATUS for Member ID: TNMAS00313090000129280
Claim ID: TNMAS130100002094
Status: Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (TNMAS00313090000129280) has been rejected. The rejection letter has been dispatched to the address in your claim.
Claim ID: TNMAS130100002087
Status: Claim Form 19 for PF Settlement AGAINST Member Account No (TNMAS00313090000129280) has been rejected. The rejection letter has been dispatched to the address in your claim form.
Claim ID: TNMAS130400064668
Status: Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (TNMAS00313090000129280) has been approved. Payment is under process.
Claim ID: TNMAS130400064664
Status: Claim Form 19 for PF Settlement AGAINST Member Account No (TNMAS00313090000129280) has been approved. Payment is under process.
So I just need to get the info on when the Form 10C amount will get credited.
Regards,
Krishna H
From India, Chennai
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STATUS for Member ID: TNMAS00313090000129280
Claim ID: TNMAS130100002094
Status: Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (TNMAS00313090000129280) has been rejected. The rejection letter has been dispatched to the address in your claim.
Claim ID: TNMAS130100002087
Status: Claim Form 19 for PF Settlement AGAINST Member Account No (TNMAS00313090000129280) has been rejected. The rejection letter has been dispatched to the address in your claim form.
Claim ID: TNMAS130400064668
Status: Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (TNMAS00313090000129280) has been approved. Payment is under process.
Claim ID: TNMAS130400064664
Status: Claim Form 19 for PF Settlement AGAINST Member Account No (TNMAS00313090000129280) has been approved. Payment is under process.
So I just need to get the info on when the Form 10C amount will get credited.
Regards,
Krishna H
From India, Chennai
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls