PF withdrawal or transfer

Dear All,
I am working with a Multinational Pharma company since 2 year & 8 months .Earlier i worked with an Indian Pharma comapany for 1 year & 3 months.When I joined my present company in Jan 2006 I neither transfer nor withdraw the PF.As my PF no was not appearing in my salary slip(old company)I enquired about the same with HR they said , amount which was deducted from salary every moth that time was deposited in a trust and provided me the PF Number .Both my PF Account is in the State of Maharastra.Should I withdraw the same or should I transfer it to my new companies PF Account.If I withdraw old PF is it taxable.Or if transfered the same to my New PF wheter that will considered for this years tax deduction.Please get me proper answer.Please get me answer for this

Thanking in Advance

Vivek.P

Mr. Vivek,
First of all you have to get the old PF account number. If you know the employer's account number, you can get it from the website itself. Even otherwise also it should be possible, but most of the PF sites are remaining unupdated. It is therefore practical to get the number personally from the office of the Employees Provident Fund Organisation of the area of your previous employer.
If you want to withdraw the amount you can do so by submitting forms 19 and 10 C to that office through the previous employer. Otherwise, send form 13 through your present employer for transfer of the amount. If your previuos employer can not be traced for his signature in forms 19 and 10 C it is better to transfer the accumulations to the present PF. In both the cases, PF amount will not attract tax.

Regards,

Madhu.T.K

Dear Madhu,
Thank you for your guideline.Sir still I have 2 of the old salary slips with me.One shows no PF No: where as other shows PF No 140.When I contacted the HR after my resignation PF no given by them was MH/1565/678.Which one will be correct how can I check it.Whom should I approch to get the details of my old PF.Expecting your guidence.

Regards
Vivek.P

Hi Vivek,

Following PF No. MH/1565/678 is valid. contact ur previous employer and get the authorized signaure in Form 19 & Form 10C and surrender ur PF amount. It will take 30 days from the date of submission of forms to have ur money deposited in ur account. Sometimes it might get delayed also.

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Regards,
Prathima

Hello Prathima,
Thank you for leting me know that my PF A/C is a valid one.Please let me know how you was able to verify that my PF A/C is valid.Once again thanking you for your advice...

Regards

Vivek.P

Dear Vivek...

To know whether your PF number is correct click onthe following link:
Employee Provident Fund Organisation (EPFO), Chennai

Fill the required fields like State, Office location, Company code (in your case 1565). Your company name will be displayed if the code is correct.

Try it.





Thanks

Dear sir,

How to know my fund value in PF A/c?

Sandeep,

Only the employer can calculate and give u a rough picture about ur balance in PF.

For that matter even u can have a rough picture by calculating the amount they have deducted from ur salary so far from the day one. Also include the employer contribution. So add both and include a nominal interest of about 8%.

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Regards,
Prathima

Dear Vivek ji,> You say that you are working in MNC, if the firm is presently running business ? If so you write your employer and ask the PF A/c number.> The same this with the next employer.> If the period of time is crossed one year ie. your resigned date, If you want to withdraw the PF you have to give shurity bond on the Non juditial Stamp paper along with the Form 19 & 10C. This you have to apply separately for each employment.> My suggestion is better to transfet it into present employment. You will not loose any service in the pension.Regards,PBS

Sir / Mam,
My PF Account no. MH/45479/14. I had resign from my previous job to 31st Nov 2007. I had made complete my PF wiitdrawal formalities with co-operate my previous company Printech Peripheral Pvt. Ltd. in 1st JAN 2008, Second red form also submit before 4 months but not yet clear my PF amount. So please tell me what is status of my PF withdrawal amount.


Thanks,

Mahesh Wadekar