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Hi Srividya, Regarding ESI & PF you can get all the details in previous threads, Please go through & if any clarifications & doubts you can raise. Jeeva 9343753361
From India, Bangalore
From India, Bangalore
Hi Divya,
Below are two points taken from the attached PPT:
Kindly explain if an employee works for two years and then wishes to withdraw the PF amount, will they receive the complete 24% contribution from both sides, or only 12% from the employee and 3.67% from the employer, excluding the 8.33% contribution.
1. 12% contribution by the employee is directly transferred to his Provident Fund account.
2. 12% is contributed by the employer, out of which 8.33% is credited to the Employee Pension Fund, and the remaining 3.67% is transferred to the PF account of the employee.
Regards,
Swati
From India, Hyderabad
Below are two points taken from the attached PPT:
Kindly explain if an employee works for two years and then wishes to withdraw the PF amount, will they receive the complete 24% contribution from both sides, or only 12% from the employee and 3.67% from the employer, excluding the 8.33% contribution.
1. 12% contribution by the employee is directly transferred to his Provident Fund account.
2. 12% is contributed by the employer, out of which 8.33% is credited to the Employee Pension Fund, and the remaining 3.67% is transferred to the PF account of the employee.
Regards,
Swati
From India, Hyderabad
Dear All, Very useful and excellent contributions by you all. Keep posting. regards, Uniquenaga
From India, Madras
From India, Madras
hi....above excel sheet information in excellent......but i have one doubt. if any employee resign his service after 3month of his joining. is there any chance to get the PF for 2 months?
From India, Hyderabad
From India, Hyderabad
Hi Jeevan, If any employee resigns within 6 months of period, they are eligible to claim only PF not pension fund. So they need to submit only form 19.
From India, Madras
From India, Madras
Hi,
I have a small query regarding PF contribution. If an employer is paying PF contribution at 12% on the Actual Basic for its employees, is it possible to cut down the PF contribution to Rs 780 only (12% on the minimum basic of Rs 6500)?
K. Param
Regarding ESI & PF, you can find all the details in previous threads. Please go through them and if you have any clarifications or doubts, feel free to ask.
Jeeva
9343753361
I have a small query regarding PF contribution. If an employer is paying PF contribution at 12% on the Actual Basic for its employees, is it possible to cut down the PF contribution to Rs 780 only (12% on the minimum basic of Rs 6500)?
K. Param
Regarding ESI & PF, you can find all the details in previous threads. Please go through them and if you have any clarifications or doubts, feel free to ask.
Jeeva
9343753361
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