I had worked with an IT Software Co. for less than 6 months. My period of working was from 21 Aug 2014 to 22 Jan 2015 (5 months and 1 day exactly).
There, I was availing of the PF facility, with approximately 12% deducted from my salary earned during the same period. My PF withdrawal claim has been submitted to the PF office.
As I had worked for less than 6 months, I know that I cannot get the Pension scheme benefit. Now, my question is: will I only receive my deducted share as the PF credit amount, or what about the employer's share in this case?
I want to know whether I will receive the PF Claim as (1+1 share, i.e., employer + employee's deducted amount per month + interest on the same contribution) or will I only get my deducted share in this case since I served the company for less than 6 months.
Your reply will be of great help and use to me. Please advise me so that I can follow up with the employer.
Thanks,
Regards,
Madhura Vaje
[Email Removed For Privacy Reasons]
From India, Mumbai
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There, I was availing of the PF facility, with approximately 12% deducted from my salary earned during the same period. My PF withdrawal claim has been submitted to the PF office.
As I had worked for less than 6 months, I know that I cannot get the Pension scheme benefit. Now, my question is: will I only receive my deducted share as the PF credit amount, or what about the employer's share in this case?
I want to know whether I will receive the PF Claim as (1+1 share, i.e., employer + employee's deducted amount per month + interest on the same contribution) or will I only get my deducted share in this case since I served the company for less than 6 months.
Your reply will be of great help and use to me. Please advise me so that I can follow up with the employer.
Thanks,
Regards,
Madhura Vaje
[Email Removed For Privacy Reasons]
From India, Mumbai
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Dear Madhura Vaje,
You will get your 12% with interest. Out of 12% of employer contribution, 8.33% would be paid to the pension fund. The balance amount with interest is also eligible for you.
Even though withdrawal benefit is not possible from the pension fund, you may transfer the service to club with future service.
Abbas.P.S
From India, Bangalore
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530You will get your 12% with interest. Out of 12% of employer contribution, 8.33% would be paid to the pension fund. The balance amount with interest is also eligible for you.
Even though withdrawal benefit is not possible from the pension fund, you may transfer the service to club with future service.
Abbas.P.S
From India, Bangalore
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PF & Pension Amdmt Scheme 2010 for IW.pdf