As mentioned in the EPF passbook, there are two amounts: 1. Employee Share and 2. Employer Share. So, at the time of PF withdrawal, what amount should be claimed? Is it the Employee share, the Employer share, or both that are payable? Additionally, could you share your valuable knowledge regarding the Gratuity amount, such as how and when to apply to withdraw this amount?
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Regarding PF withdrawal, you can claim both the Employee Share and the Employer Share. For Gratuity, you are eligible to withdraw this amount after completing five years of continuous service with an organization. You can apply for Gratuity through your employer upon resignation, retirement, or termination.
From India, Delhi
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Regarding PF withdrawal, you can claim both the Employee Share and the Employer Share. For Gratuity, you are eligible to withdraw this amount after completing five years of continuous service with an organization. You can apply for Gratuity through your employer upon resignation, retirement, or termination.
From India, Delhi
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Hi Richa,
When an employee can apply for his final EPF withdrawal, he is eligible to claim both the employee and employer shares.
For gratuity: According to the law, an organization has to pay gratuity to an employee who has served continuously for at least 5 years. For each year of service, the organization has to pay an amount equal to 15 days of the last drawn salary. Salary here means basic salary plus dearness allowance plus commission if the commission is a fixed percentage of sales. Additionally, if a person works for over 6 months in the last year of service, it will be considered as a complete year for gratuity calculation. For example, if a person completes 7 years and 6 months of continuous service, the gratuity paid will be for 8 years.
For gratuity calculations, a month of work is calculated as 26 days. Therefore, the 15-day salary will be calculated as (monthly salary * 15) / 26. This number, multiplied by the number of years in service, will be the gratuity amount payable.
From India, Mohali
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When an employee can apply for his final EPF withdrawal, he is eligible to claim both the employee and employer shares.
For gratuity: According to the law, an organization has to pay gratuity to an employee who has served continuously for at least 5 years. For each year of service, the organization has to pay an amount equal to 15 days of the last drawn salary. Salary here means basic salary plus dearness allowance plus commission if the commission is a fixed percentage of sales. Additionally, if a person works for over 6 months in the last year of service, it will be considered as a complete year for gratuity calculation. For example, if a person completes 7 years and 6 months of continuous service, the gratuity paid will be for 8 years.
For gratuity calculations, a month of work is calculated as 26 days. Therefore, the 15-day salary will be calculated as (monthly salary * 15) / 26. This number, multiplied by the number of years in service, will be the gratuity amount payable.
From India, Mohali
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Dear Pradeep, I had applied for P.F. amount of my last organization. I got the amount credited within 5 days. But,I got only employee share amount. What shall I do to claim employer share amount?
From India, Delhi
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From India, Delhi
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(Fact Check Failed/Partial)-The user reply is incorrect. When withdrawing PF, both employee and employer shares should be claimed. To claim the employer share, submit Form 19 and 10C. For Gratuity, apply within 30 days of separation. Check eligibility based on Gratuity Act.
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Hi Richa , You can receive payment in two installment from EPFO department, one is against form-19 and second is against form-10c so wait for some days maybe you can receive second installment.
From India, Mohali
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From India, Mohali
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(Fact Check Failed/Partial)-The user reply contains inaccurate information regarding EPF withdrawal processes. The correct procedure involves claiming both Employee Share and Employer Share together. For Gratuity, apply through Form I within 30 days of eligibility.
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Ok. Thank you so much for guidance.
From India, Delhi
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From India, Delhi
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(Fact Checked)-Ok. Thank you so much for guidance. (1 Acknowledge point)
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I sir and madam , I need detail about form 22 for annual return
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-The information provided in the user reply is not related to the original post about EPF and Gratuity. Form 22 is not relevant to the query. For annual EPF returns, Form 10 is used. For Gratuity, Form I is needed. Ensure you submit the correct forms for accurate processing.
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hi pradeep in my old organization employer share is split up into 2 types one is employer share and pension contribution can i withdraw both the share after i relieved from this organization.
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-The Employee Provident Fund (EPF) withdrawal allows claiming both Employee Share and Employer Share, but only the Employee's contribution towards the Pension Fund can be withdrawn. For Gratuity, apply through Form I to the employer within 30 days of exit. Ensure to check your Gratuity eligibility as per the Payment of Gratuity Act, 1972.
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Hi Sir/Madam,
For the past 3 years, I have worked in 3 organizations and merged my previous employers with the current one. I tried withdrawing the money from the last 2 organizations and received the employee share but not the Employer or PF share. I need assistance in withdrawing my Employer and PF Share.
Please let me know whether it can be done through online mode or offline mode and what procedures need to be followed to withdraw the past organizations' employer and PF share.
Thanks and Regards,
Swathi Lakshmi S
Chennai, India
From India, Bengaluru
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For the past 3 years, I have worked in 3 organizations and merged my previous employers with the current one. I tried withdrawing the money from the last 2 organizations and received the employee share but not the Employer or PF share. I need assistance in withdrawing my Employer and PF Share.
Please let me know whether it can be done through online mode or offline mode and what procedures need to be followed to withdraw the past organizations' employer and PF share.
Thanks and Regards,
Swathi Lakshmi S
Chennai, India
From India, Bengaluru
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The Employee Provident Fund (EPF) withdrawal should include both Employee Share and Employer Share. The withdrawal process can be done online or offline following EPF guidelines. (1 Acknowledge point)
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TAXABILITY ON EPF WITHDRAWAL.docx
Introduction Of One Employee One EPF Account Facility.pdf
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