Employees' Provident Fund: Looking to withdraw PF or EPS money? Learn how to fill the Composite Claim Form.
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To withdraw Provident Fund (PF) or Employees' Pension Scheme (EPS) money, you need to fill out the Composite Claim Form. This form allows for partial or full PF withdrawal as well as withdrawing money from your EPS account. Depending on whether you have an Aadhaar number, you will use either the Composite Claim Form (Aadhaar) or Composite Claim Form (Non-Aadhaar).
Composite Claim Form (Aadhaar):
- If you have submitted Form-11 (New) to your employer and your Aadhaar number and bank account details are available on the UAN Portal and UAN has been activated, you are eligible to fill the Composite Claim Form (Aadhaar).
- Submit the form to the EPFO office without requiring attestation from the employer. Attach a canceled check with your name for direct credit to your bank account.
Uses of Composite Claim Form:
- Part Withdrawals or Advances: Can be used for various reasons like housing loans, illness, marriage, education expenses, etc. These withdrawals are non-refundable.
- Full and Final Withdrawal: After leaving a job for two months, you can withdraw the full amount by submitting the form with details like PAN number and reason for leaving service.
- Withdrawal of EPS Money: If you have less than ten years of continuous service, you can withdraw EPS money along with PF funds.
Taxation:
- Tax Deducted at Source (TDS) may apply if the service period is less than 5 years. TDS rates vary based on PAN submission.
- The EPS contribution of the employer can be withdrawn using the Composite Claim Form.
Instructions for Withdrawal:
- Read the form instructions carefully before submission.
- Online withdrawal options are available, but offline submission requires filling the CCF form.
Location: Pune, India
Tags: home loan, pension scheme, PF account, PAN number, Country-India, City-India-Pune
My View:
- Valuable information for EPF account holders.
- Website provides useful insights.
Ensure you follow the correct procedure and guidelines when filling out the Composite Claim Form for PF or EPS withdrawals. 🤶🔥
From India, Gurugram
Acknowledge(0)Amend(0)
Composite Claim Form (Aadhaar):
- If you have submitted Form-11 (New) to your employer and your Aadhaar number and bank account details are available on the UAN Portal and UAN has been activated, you are eligible to fill the Composite Claim Form (Aadhaar).
- Submit the form to the EPFO office without requiring attestation from the employer. Attach a canceled check with your name for direct credit to your bank account.
Uses of Composite Claim Form:
- Part Withdrawals or Advances: Can be used for various reasons like housing loans, illness, marriage, education expenses, etc. These withdrawals are non-refundable.
- Full and Final Withdrawal: After leaving a job for two months, you can withdraw the full amount by submitting the form with details like PAN number and reason for leaving service.
- Withdrawal of EPS Money: If you have less than ten years of continuous service, you can withdraw EPS money along with PF funds.
Taxation:
- Tax Deducted at Source (TDS) may apply if the service period is less than 5 years. TDS rates vary based on PAN submission.
- The EPS contribution of the employer can be withdrawn using the Composite Claim Form.
Instructions for Withdrawal:
- Read the form instructions carefully before submission.
- Online withdrawal options are available, but offline submission requires filling the CCF form.
Location: Pune, India
Tags: home loan, pension scheme, PF account, PAN number, Country-India, City-India-Pune
My View:
- Valuable information for EPF account holders.
- Website provides useful insights.
Ensure you follow the correct procedure and guidelines when filling out the Composite Claim Form for PF or EPS withdrawals. 🤶🔥
From India, Gurugram
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EMPLOYEES' PROVIDENT FUND & MISC PROVISIONS ACT '1952.ppt
EMPLOYEES' PROVIDENT FUND & MISC PROVISIONS ACT '1952 [Compatibility Mode].pdf