Dear Bhaskar, Saji, Bhuwan, Vivek, and Rupali,
Thank you for your valuable information and advice on my query. I will explain the rules to our employees and proceed accordingly.
With Best Regards,
Kumar
Accountant/HR
From India, Bangalore
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2Thank you for your valuable information and advice on my query. I will explain the rules to our employees and proceed accordingly.
With Best Regards,
Kumar
Accountant/HR
From India, Bangalore
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Dear All,
This is common nowadays. The person who resigned for PF withdrawal can continue working with the organization without any record. Pay him in cash until the time he gets re-appointed, but don't include him in the wages.
Thanks
From India, Jamnagar
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This is common nowadays. The person who resigned for PF withdrawal can continue working with the organization without any record. Pay him in cash until the time he gets re-appointed, but don't include him in the wages.
Thanks
From India, Jamnagar
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I could not understand how a HR personnel guide the employee to withdraw PF, while they require the employee to serve them also. At most, the employee will get 1 month's salary against 1 year of PF withdrawal. Can't the HR convince the management instead, and help the employee in getting a salary advance or staff loan instead of advising the employee to withdraw PF?
If the HR helps/guides employees the right way, it will be beneficial to the employer too. The productivity of the employee will be higher if they receive a little help with their personal life.
From India, Ahmadabad
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If the HR helps/guides employees the right way, it will be beneficial to the employer too. The productivity of the employee will be higher if they receive a little help with their personal life.
From India, Ahmadabad
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Dear ALL, Very important information attached. always remember to get your full PF amount you need to be a member for 10 yrs min. pls go through file attached. Br, Sohail
From India, Mumbai
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From India, Mumbai
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Dear all,
Can you please share the PF Act or rules section or paragraph that indicates the same situation? Where is it mentioned?
My question is, X employee resigned, and we cleared all his dues on the same day. After 15 days, we realized that he is our assistant and we decided to rejoin. Now, what happens in this case? Can we issue a new PF number? Can we consider him in the old number?
Request to all of you, please share the sections or paragraph in the PF Act or rules regarding the same case. Also, share the paragraph where it is written that a 60-day waiting period is required for transferring or withdrawing the PF amount.
Regards,
Ajay Sharma
From India, Palampur
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Can you please share the PF Act or rules section or paragraph that indicates the same situation? Where is it mentioned?
My question is, X employee resigned, and we cleared all his dues on the same day. After 15 days, we realized that he is our assistant and we decided to rejoin. Now, what happens in this case? Can we issue a new PF number? Can we consider him in the old number?
Request to all of you, please share the sections or paragraph in the PF Act or rules regarding the same case. Also, share the paragraph where it is written that a 60-day waiting period is required for transferring or withdrawing the PF amount.
Regards,
Ajay Sharma
From India, Palampur
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Dear Ajay,
If an employee rejoins the same organization after 15 days of resigning, then in this case, a new PF number cannot be allotted to such an employee. The old PF account of that employee will be used for the purpose of PF contribution submission.
Secondly, for transferring the old PF fund to a new PF account, one need not wait for a 60-day period. It can be transferred at any time after joining somewhere else. The interest in such cases will be accumulated for up to 3 years of non-active status.
Thirdly, the declaration clause for non-employment is as follows:
"In the case of submission of an application for settlement under clause (s) of sub-paragraph (i) and in clause (b) of sub-paragraph (2) of paragraph 69 of the EPF Scheme, 1952, the claim should be submitted after two months from the date of leaving service provided the member continues to remain unemployed in an establishment to which the Act applies." A snapshot of the declaration on Form-19 is also attached, please see.
I hope this clarifies your doubts. Cheers.
From India, Delhi
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If an employee rejoins the same organization after 15 days of resigning, then in this case, a new PF number cannot be allotted to such an employee. The old PF account of that employee will be used for the purpose of PF contribution submission.
Secondly, for transferring the old PF fund to a new PF account, one need not wait for a 60-day period. It can be transferred at any time after joining somewhere else. The interest in such cases will be accumulated for up to 3 years of non-active status.
Thirdly, the declaration clause for non-employment is as follows:
"In the case of submission of an application for settlement under clause (s) of sub-paragraph (i) and in clause (b) of sub-paragraph (2) of paragraph 69 of the EPF Scheme, 1952, the claim should be submitted after two months from the date of leaving service provided the member continues to remain unemployed in an establishment to which the Act applies." A snapshot of the declaration on Form-19 is also attached, please see.
I hope this clarifies your doubts. Cheers.
From India, Delhi
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Hi Guys,
Need urgent help! I was employed with company A for 1.5 years, and I did not withdraw/transfer my EPF amount. Then I worked with company B for one year. This time, I withdrew my EPF. Later, I joined back in company A (currently working here), and now they have opened a new EPF account for me. So now, I have 2 EPF accounts with the same company.
Is there a way that I can withdraw my previous EPF? Or can I transfer funds from my old EPF to the new one?
Thanks, Gaurav
From India, Delhi
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Need urgent help! I was employed with company A for 1.5 years, and I did not withdraw/transfer my EPF amount. Then I worked with company B for one year. This time, I withdrew my EPF. Later, I joined back in company A (currently working here), and now they have opened a new EPF account for me. So now, I have 2 EPF accounts with the same company.
Is there a way that I can withdraw my previous EPF? Or can I transfer funds from my old EPF to the new one?
Thanks, Gaurav
From India, Delhi
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Hi,
Joining the same company twice can sometimes lead to issues with PF transfer and settlement. If you left the job once and your PF was transferred to another company, rejoining the first company might create a problem if a new PF account was not generated. This can result in errors when trying to claim your settlement.
To proceed with your PF claim, you may need to provide certain documents. It would be helpful to know what documents are required to process your claim efficiently.
Additionally, a company letter might be necessary to support your claim and clarify any discrepancies in your PF details due to rejoining the same company.
Please ensure you have all the necessary paperwork in order to facilitate the settlement process smoothly.
Thank you.
From India, Mumbai
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Joining the same company twice can sometimes lead to issues with PF transfer and settlement. If you left the job once and your PF was transferred to another company, rejoining the first company might create a problem if a new PF account was not generated. This can result in errors when trying to claim your settlement.
To proceed with your PF claim, you may need to provide certain documents. It would be helpful to know what documents are required to process your claim efficiently.
Additionally, a company letter might be necessary to support your claim and clarify any discrepancies in your PF details due to rejoining the same company.
Please ensure you have all the necessary paperwork in order to facilitate the settlement process smoothly.
Thank you.
From India, Mumbai
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