hi,
one my friends is leaving her organization after working just 2 months, i want to know will she be eligible to withdraw the amount of Pension Fund?
if yes then when she should fill Form 10C?
will she get the full amount of her account in pension fund( i.e. 8.33% of basic contributed by the Employer) ?
please reply
Regards,
Team HR
From India, Delhi
one my friends is leaving her organization after working just 2 months, i want to know will she be eligible to withdraw the amount of Pension Fund?
if yes then when she should fill Form 10C?
will she get the full amount of her account in pension fund( i.e. 8.33% of basic contributed by the Employer) ?
please reply
Regards,
Team HR
From India, Delhi
Hi, she will not be eligiblefor PF as minimum duration of tenure should be 3 months. Rgds, Poonam
From India, Delhi
2From India, Delhi
hi poonam,
u mean to say the pf amount deducted from her salary for 2 months will go waste ?
suppose if some one's basic is around 25000/- then 12% i.e.Rs.3000 +Rs.3000=6,000/- from employer will be wasted? and cant be withdrawn?
Are u sure? have u cheked it with pf dept.or simply saying?
kindly someone reply confidently regarding 10C also.
Regards,
Team HR
From India, Delhi
u mean to say the pf amount deducted from her salary for 2 months will go waste ?
suppose if some one's basic is around 25000/- then 12% i.e.Rs.3000 +Rs.3000=6,000/- from employer will be wasted? and cant be withdrawn?
Are u sure? have u cheked it with pf dept.or simply saying?
kindly someone reply confidently regarding 10C also.
Regards,
Team HR
From India, Delhi
In order to get withdrawal benefit of Pension Fund contribution the employee should have worked and contributed at least for six months. This is because for Pension calculations, any period over six months is taken as one year and less than six months is ignored. When that benefit is available to the employees, why should two months' contribution be taken very seriously. This applies to Pension Fund contribution of 8.33% of Rs 6500 only and the amount contributed by the employee @ 12% and the employer's contribution to Provident Fund @ 3.67% is available to the employee for withdrawal.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
Dear Madhu Sir,
thanks, i mean Pf amount can be withdrawn even if she works for 2-3 months right? because Ms. Poonam has replied wrongly that pf amount cant be withdrawn.
to withdraw PENSION FUND AMOUNT it requires atleast 6 months work .
Regards,
Team HR
From India, Delhi
thanks, i mean Pf amount can be withdrawn even if she works for 2-3 months right? because Ms. Poonam has replied wrongly that pf amount cant be withdrawn.
to withdraw PENSION FUND AMOUNT it requires atleast 6 months work .
Regards,
Team HR
From India, Delhi
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Form 19 for withdrawal.pdf
PF Withdrawal form.doc