Hello seniors,
I have a question. If I know how much my company deducted from my salary for PF, can I calculate my PF account balance? Please let me know.
For example, if I am deducting Rs. 500 for PF, then after 2 years of deductions, how much will my account balance be? Please help me with this information.
Regards,
Suriya
From India, Coimbatore
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6I have a question. If I know how much my company deducted from my salary for PF, can I calculate my PF account balance? Please let me know.
For example, if I am deducting Rs. 500 for PF, then after 2 years of deductions, how much will my account balance be? Please help me with this information.
Regards,
Suriya
From India, Coimbatore
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Dear Suriya,
Assuming that you are deducting Rs. 500/- from the employee and an equal contribution from the employer every month for the next 2 years, your PF balance would be as follows:
Employee Contribution: 500 * 24 = 12,000/-
Employer Contribution towards Pension: 500 * 8.33% = 42 * 24 (no. of months) = 1,008/-
Employer Contribution towards PF: 500 - 42 = 458 * 24 = 10,992/-
Hence, the total amount will be equal to Rs. 24,000/- (Excluding the interest on the same given by the PF office).
Hope this will solve your query.
Surya
From India, Pune
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Assuming that you are deducting Rs. 500/- from the employee and an equal contribution from the employer every month for the next 2 years, your PF balance would be as follows:
Employee Contribution: 500 * 24 = 12,000/-
Employer Contribution towards Pension: 500 * 8.33% = 42 * 24 (no. of months) = 1,008/-
Employer Contribution towards PF: 500 - 42 = 458 * 24 = 10,992/-
Hence, the total amount will be equal to Rs. 24,000/- (Excluding the interest on the same given by the PF office).
Hope this will solve your query.
Surya
From India, Pune
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Thanx for your reply Senior, i have a doubt 500*8.33%=42*24(what is this 42 please let me know) Regards, Suriya
From India, Coimbatore
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From India, Coimbatore
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Dear Surya,
I have gone through the answers given by somebody regarding the calculation of pension. They have taken the pension amount as Rs. 500 x 8.33%. In this case, it is not correct. The pension amount will be calculated on the basic amount x 8.33%.
If there is a deduction of Rs. 500/- towards PF contribution, in this case, your basic salary would be Rs. 4167/- (4167 x 12% = 500/-).
Employee's contribution: 500 x 24 months = 12000/-
Employers' contribution:
- Towards pension (4167 x 8.33% = 347 x 24 months = 8328/-)
- Towards EPF (500 - 347 = 153) 153 x 24 months = 3672/-
In this case, your EPF balance will be (12000 + 3672) = 15672/- and the pension amount balance will be = 8328/-. Please note that the above balances do not include the interest amount.
I hope this information clarifies your doubts.
Bachi Reddy
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I have gone through the answers given by somebody regarding the calculation of pension. They have taken the pension amount as Rs. 500 x 8.33%. In this case, it is not correct. The pension amount will be calculated on the basic amount x 8.33%.
If there is a deduction of Rs. 500/- towards PF contribution, in this case, your basic salary would be Rs. 4167/- (4167 x 12% = 500/-).
Employee's contribution: 500 x 24 months = 12000/-
Employers' contribution:
- Towards pension (4167 x 8.33% = 347 x 24 months = 8328/-)
- Towards EPF (500 - 347 = 153) 153 x 24 months = 3672/-
In this case, your EPF balance will be (12000 + 3672) = 15672/- and the pension amount balance will be = 8328/-. Please note that the above balances do not include the interest amount.
I hope this information clarifies your doubts.
Bachi Reddy
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Dear Mr.Bachi Thanks a lot for your explanation, You explained in a nice manner, Can you tell me how can we reimburse our Pension Account Amount. Regards, Suriya
From India, Coimbatore
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From India, Coimbatore
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Hi Supriya,
You can withdraw your PF amount. Contact your HR or the person handling the issues. They will provide you with the withdrawal forms. You can fill them out, and they will submit them to the relevant PF office.
You will receive your amount in your bank account within approximately one month.
Regards, Navya
From India, Hyderabad
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You can withdraw your PF amount. Contact your HR or the person handling the issues. They will provide you with the withdrawal forms. You can fill them out, and they will submit them to the relevant PF office.
You will receive your amount in your bank account within approximately one month.
Regards, Navya
From India, Hyderabad
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Hi Suriya,
At the time of withdrawal, one has to fill two forms:
1. Form No. 19
2. Form No. 10-C
Form 19 is for the withdrawal of PF amount, and Form 10-C is for the withdrawal of the Pension amount.
Dear Bachhi,
Thanks for the correction.
Regards,
Surya
From India, Pune
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At the time of withdrawal, one has to fill two forms:
1. Form No. 19
2. Form No. 10-C
Form 19 is for the withdrawal of PF amount, and Form 10-C is for the withdrawal of the Pension amount.
Dear Bachhi,
Thanks for the correction.
Regards,
Surya
From India, Pune
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Hi once you withdraw both the amounts from your PF account, they will be credited to your bank account. That is the reason why we fill out both Form 10C and Form 19 for withdrawal - one for PF and the other for pension. Hope you understand.
From India, Hyderabad
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From India, Hyderabad
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How can you know your PF balance? Is it possible to get this information online,if I have my PF number with me..
From India, Bangalore
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From India, Bangalore
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Hi I guess I have repeatative question, Kindly let me if we have some thing online way to check our account balance.. So that things become transparent..
From India, Mumbai
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From India, Mumbai
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Hi Surya,
Bachibreddy is very much correct regarding the calculation of provident fund and pension. You cannot withdraw any amount until you are working in the same company. You can withdraw it after 2 months of leaving this organization. You cannot withdraw the pension amount alone; either you can withdraw both or you can withdraw only the PF amount because legally 8.33% is deposited in the pension to give you a pension.
Thanks & Regards,
J. S. Malik
From India, Delhi
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Bachibreddy is very much correct regarding the calculation of provident fund and pension. You cannot withdraw any amount until you are working in the same company. You can withdraw it after 2 months of leaving this organization. You cannot withdraw the pension amount alone; either you can withdraw both or you can withdraw only the PF amount because legally 8.33% is deposited in the pension to give you a pension.
Thanks & Regards,
J. S. Malik
From India, Delhi
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Hello Seniors,
I have a question. If I know how much my company deducted from my salary for PF, can I calculate my PF account balance? Please let me know.
For example, if I am deducting Rs. 500/- for PF, then after 9 months of deductions, how much will my account balance be? Please help with this information.
I joined Manappuram Finance Gold Loan Company on 13th April 2010, and my PF number is KR/KC/150761/10991.
Regards,
Harpalsinh
From India, Pune
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I have a question. If I know how much my company deducted from my salary for PF, can I calculate my PF account balance? Please let me know.
For example, if I am deducting Rs. 500/- for PF, then after 9 months of deductions, how much will my account balance be? Please help with this information.
I joined Manappuram Finance Gold Loan Company on 13th April 2010, and my PF number is KR/KC/150761/10991.
Regards,
Harpalsinh
From India, Pune
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I am G. Kavitha, had worked as a Jr. Assistant (Emp. No: 96200) and was promoted to BH (Emp. No: 13207) from the period 05/04/2007 to 18/04/2010 at Manappuram Dindigul, Oddanchatram, and Palani branches. From that period onwards, they have been deducting EPF amount on a monthly basis from my salary. I resigned from my service on 14.05.2010.
Please kindly request, sir, to check my PF balance.
From India, Madurai
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Please kindly request, sir, to check my PF balance.
From India, Madurai
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PF ONLINE WITHDRAWAL PROCESS-(19 & 10C)-2.PDF