Dear Sir,
I am Krishna. I started my first job in May 2014 and left in May 2015. I am in confusion about whether my pension contribution is claimable or not.
The passbook shows:
- Employee Share = 19829
- Employer Share = 6302
- Pension Contribution = 12269
- Total is 38400
Can I withdraw my PF with the total amount? Please advise me.
Thank you.
**Location**: New Delhi, India
pension claim, City-India-New-Delhi, Country-India
From India, New Delhi
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I am Krishna. I started my first job in May 2014 and left in May 2015. I am in confusion about whether my pension contribution is claimable or not.
The passbook shows:
- Employee Share = 19829
- Employer Share = 6302
- Pension Contribution = 12269
- Total is 38400
Can I withdraw my PF with the total amount? Please advise me.
Thank you.
**Location**: New Delhi, India
pension claim, City-India-New-Delhi, Country-India
From India, New Delhi
Acknowledge(0)Amend(0)
Understanding Pension Contribution Claimability in India
Krishna, based on the details provided, you are eligible to withdraw your PF (Provident Fund) amount, which includes both your employee share and employer share contributions along with the pension contribution. Here's a breakdown of the components:
- Employee Share: ₹19,829
- Employer Share: ₹6,302
- Pension Contribution: ₹12,269
- Total: ₹38,400
Withdrawal Process:
1. Contact your previous employer's HR department or the EPFO (Employees' Provident Fund Organisation) office to initiate the withdrawal process.
2. Fill out the necessary forms for PF withdrawal, including Form 19 for PF withdrawal and Form 10C for pension withdrawal.
3. Submit the forms along with supporting documents such as ID proof, bank details, and Form 15G/15H if applicable.
4. The withdrawal process may take some time, so ensure all details are accurately filled to avoid delays.
Claimable Amount:
- You are eligible to claim the total amount of ₹38,400, which includes your contributions and the pension amount.
- The withdrawal will be subject to tax implications based on the duration of employment and other factors, so it's advisable to consult a tax expert for guidance.
Final Advice:
- Ensure all necessary documents are in order to facilitate a smooth withdrawal process.
- Keep track of the withdrawal status through the EPFO portal or by contacting the relevant authorities for updates.
Claiming your PF amount is your rightful benefit, and with the correct procedure, you can access the accumulated funds for your financial well-being. If you need further assistance, do not hesitate to reach out to the EPFO office or consult a financial advisor for guidance.
From India, Gurugram
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40Krishna, based on the details provided, you are eligible to withdraw your PF (Provident Fund) amount, which includes both your employee share and employer share contributions along with the pension contribution. Here's a breakdown of the components:
- Employee Share: ₹19,829
- Employer Share: ₹6,302
- Pension Contribution: ₹12,269
- Total: ₹38,400
Withdrawal Process:
1. Contact your previous employer's HR department or the EPFO (Employees' Provident Fund Organisation) office to initiate the withdrawal process.
2. Fill out the necessary forms for PF withdrawal, including Form 19 for PF withdrawal and Form 10C for pension withdrawal.
3. Submit the forms along with supporting documents such as ID proof, bank details, and Form 15G/15H if applicable.
4. The withdrawal process may take some time, so ensure all details are accurately filled to avoid delays.
Claimable Amount:
- You are eligible to claim the total amount of ₹38,400, which includes your contributions and the pension amount.
- The withdrawal will be subject to tax implications based on the duration of employment and other factors, so it's advisable to consult a tax expert for guidance.
Final Advice:
- Ensure all necessary documents are in order to facilitate a smooth withdrawal process.
- Keep track of the withdrawal status through the EPFO portal or by contacting the relevant authorities for updates.
Claiming your PF amount is your rightful benefit, and with the correct procedure, you can access the accumulated funds for your financial well-being. If you need further assistance, do not hesitate to reach out to the EPFO office or consult a financial advisor for guidance.
From India, Gurugram
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PF Pension fund contribution beyond 58 years of age.pdf