Dear All,
I have been working with a Multinational Pharma company for 2 years and 8 months. Previously, I worked with an Indian Pharma company for 1 year and 3 months. When I joined my current company in Jan 2006, I did not transfer or withdraw the PF. As my PF number was not appearing on my salary slip from the old company, I inquired about it with HR. They informed me that the amount deducted from my salary every month was deposited in a trust and provided me with the PF Number. Both my PF accounts are in the State of Maharashtra.
Should I withdraw the old PF or transfer it to my new company's PF account? If I withdraw the old PF, is it taxable? If I transfer it to my new PF account, will it be considered for this year's tax deduction? I would appreciate a proper answer to these questions.
Thank you in advance.
Vivek.P
From India, Bangalore
I have been working with a Multinational Pharma company for 2 years and 8 months. Previously, I worked with an Indian Pharma company for 1 year and 3 months. When I joined my current company in Jan 2006, I did not transfer or withdraw the PF. As my PF number was not appearing on my salary slip from the old company, I inquired about it with HR. They informed me that the amount deducted from my salary every month was deposited in a trust and provided me with the PF Number. Both my PF accounts are in the State of Maharashtra.
Should I withdraw the old PF or transfer it to my new company's PF account? If I withdraw the old PF, is it taxable? If I transfer it to my new PF account, will it be considered for this year's tax deduction? I would appreciate a proper answer to these questions.
Thank you in advance.
Vivek.P
From India, Bangalore
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Mr. Vivek,
First of all, you have to get the old PF account number. If you know the employer's account number, you can get it from the website itself. Even otherwise, it should be possible, but most of the PF sites remain unupdated. Therefore, it is practical to get the number personally from the office of the Employees' Provident Fund Organisation of the area of your previous employer.
If you want to withdraw the amount, you can do so by submitting forms 19 and 10 C to that office through the previous employer. Otherwise, send form 13 through your present employer for the transfer of the amount. If your previous employer cannot be traced for their signature in forms 19 and 10 C, it is better to transfer the accumulations to the present PF. In both cases, the PF amount will not attract tax.
Regards,
Madhu.T.K
From India, Kannur
4482First of all, you have to get the old PF account number. If you know the employer's account number, you can get it from the website itself. Even otherwise, it should be possible, but most of the PF sites remain unupdated. Therefore, it is practical to get the number personally from the office of the Employees' Provident Fund Organisation of the area of your previous employer.
If you want to withdraw the amount, you can do so by submitting forms 19 and 10 C to that office through the previous employer. Otherwise, send form 13 through your present employer for the transfer of the amount. If your previous employer cannot be traced for their signature in forms 19 and 10 C, it is better to transfer the accumulations to the present PF. In both cases, the PF amount will not attract tax.
Regards,
Madhu.T.K
From India, Kannur
Dear Madhu,
Thank you for your guidance. Sir, I still have 2 of the old salary slips with me. One shows no PF No, whereas the other shows PF No 140. When I contacted the HR after my resignation, the PF number given by them was MH/1565/678. Which one will be correct, and how can I check it? Whom should I approach to get the details of my old PF?
Expecting your guidance.
Regards,
Vivek.P
From India, Bangalore
Thank you for your guidance. Sir, I still have 2 of the old salary slips with me. One shows no PF No, whereas the other shows PF No 140. When I contacted the HR after my resignation, the PF number given by them was MH/1565/678. Which one will be correct, and how can I check it? Whom should I approach to get the details of my old PF?
Expecting your guidance.
Regards,
Vivek.P
From India, Bangalore
Hi Vivek,
Following PF No. MH/1565/678 is valid. Please contact your previous employer and get the authorized signature on Form 19 & Form 10C to surrender your PF amount. It will take 30 days from the date of submission of the forms to have your money deposited in your account. Sometimes there might be delays as well.
From India, New Delhi
Following PF No. MH/1565/678 is valid. Please contact your previous employer and get the authorized signature on Form 19 & Form 10C to surrender your PF amount. It will take 30 days from the date of submission of the forms to have your money deposited in your account. Sometimes there might be delays as well.
From India, New Delhi
Hello Prathima,
Thank you for letting me know that my PF A/C is valid. Please let me know how you were able to verify that my PF A/C is valid. Once again, thanking you for your advice.
Regards, Vivek.P
From India, Bangalore
Thank you for letting me know that my PF A/C is valid. Please let me know how you were able to verify that my PF A/C is valid. Once again, thanking you for your advice.
Regards, Vivek.P
From India, Bangalore
Dear Vivek,
To know whether your PF number is correct, click on the following link: [Employee Provident Fund Organisation (EPFO), Chennai](http://epfindia.nic.in) *(link updated to site home)* ([Search On Cite](https://www.citehr.com/results.php?q=Employee%20Provident%20Fund%20Organi sation%20EPFO%20Chennai) | [Search On Google](https://www.google.com/search?q=Employee%20Provident%20Fund%20Organisatio n%20EPFO%20Chennai))
Fill the required fields like State, Office location, Company code (in your case 1565). Your company name will be displayed if the code is correct.
Try it.
Thanks
From India, Bangalore
To know whether your PF number is correct, click on the following link: [Employee Provident Fund Organisation (EPFO), Chennai](http://epfindia.nic.in) *(link updated to site home)* ([Search On Cite](https://www.citehr.com/results.php?q=Employee%20Provident%20Fund%20Organi sation%20EPFO%20Chennai) | [Search On Google](https://www.google.com/search?q=Employee%20Provident%20Fund%20Organisatio n%20EPFO%20Chennai))
Fill the required fields like State, Office location, Company code (in your case 1565). Your company name will be displayed if the code is correct.
Try it.
Thanks
From India, Bangalore
Sandeep,
Only the employer can calculate and give you a rough picture of your balance in PF. For that matter, you can also have a rough estimate by calculating the amount they have deducted from your salary so far since day one. Additionally, include the employer's contribution. Add both amounts and factor in a nominal interest rate of about 8%.
From India, New Delhi
Only the employer can calculate and give you a rough picture of your balance in PF. For that matter, you can also have a rough estimate by calculating the amount they have deducted from your salary so far since day one. Additionally, include the employer's contribution. Add both amounts and factor in a nominal interest rate of about 8%.
From India, New Delhi
Dear Vivek ji,
You mentioned that you are working in an MNC. Is the firm currently in operation? If so, could you please reach out to your employer to obtain the PF account number? The same process should be followed with your next employer.
If the duration of your employment has exceeded one year from your resignation date and you wish to withdraw the PF, you will need to provide a security bond on non-judicial Stamp paper along with Form 19 & 10C. This procedure must be completed separately for each period of employment.
I recommend transferring the PF amount to your current employment to ensure continuity in your pension benefits without losing any service credits.
Regards,
PBS
From India, Kakinada
You mentioned that you are working in an MNC. Is the firm currently in operation? If so, could you please reach out to your employer to obtain the PF account number? The same process should be followed with your next employer.
If the duration of your employment has exceeded one year from your resignation date and you wish to withdraw the PF, you will need to provide a security bond on non-judicial Stamp paper along with Form 19 & 10C. This procedure must be completed separately for each period of employment.
I recommend transferring the PF amount to your current employment to ensure continuity in your pension benefits without losing any service credits.
Regards,
PBS
From India, Kakinada
Dear Sir/Madam,
My PF Account number is MH/45479/14. I resigned from my previous job on the 31st of November 2007. I completed my PF withdrawal formalities with the cooperation of my previous company, Printech Peripheral Pvt. Ltd., on the 1st of January 2008. I also submitted the second red form before 4 months, but my PF amount has not been cleared yet. Could you please inform me about the status of my PF withdrawal amount?
Thank you,
Mahesh Wadekar
From India, Mumbai
My PF Account number is MH/45479/14. I resigned from my previous job on the 31st of November 2007. I completed my PF withdrawal formalities with the cooperation of my previous company, Printech Peripheral Pvt. Ltd., on the 1st of January 2008. I also submitted the second red form before 4 months, but my PF amount has not been cleared yet. Could you please inform me about the status of my PF withdrawal amount?
Thank you,
Mahesh Wadekar
From India, Mumbai
Mahesh,
Follow up with your previous employer. Otherwise, look for the status on the Employee Provident Fund Organisation (EPFO), Chennai <link updated to site home> (Search On Cite | Search On Google).
Probably your application might have been returned to your employer in case of any pending documents like Form 3A.
From India, New Delhi
Follow up with your previous employer. Otherwise, look for the status on the Employee Provident Fund Organisation (EPFO), Chennai <link updated to site home> (Search On Cite | Search On Google).
Probably your application might have been returned to your employer in case of any pending documents like Form 3A.
From India, New Delhi
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