suriyaprakashs
6

Hello Seniors,
I Have a question, If I know how much my company deducted PF from my salary, than can i calculate my PF account Balance?, Please let me know,
For Example, If i am deducting Rs.500/- for PF than after 2 years of deductions how much my account balance, please help in this content.
regards,
Suriya

From India, Coimbatore
surya_mukherjee
2

Dear Suriya,
Assuming that you are deducting Rs. 500/- from employee and equal contribuution from employeer every month for 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 PF office)
Hope this will solve your query.
Surya

From India, Pune
suriyaprakashs
6

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
bachibreddy
1

Dear surya
I gone through the answers given by sombody regarding calculation
of pension they have taken pension amount on Rs. 500 x 8.33%. in
this case it is not correct. pension amount will be calculated on 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 contribition = 500 x 24 months = 12000/-
Employers' contribution:
t/w pension (4167 x 8.33%=347 x 24 months = 8328/-
t/w EPF (500-347 = 153) 153 x 24 months = 3672/-
In this case your EPF balance will be (12000+3672) = 15672/-
& pension amount balance will be = 8328/-
pl note that above balance are not included interest amount.
I think this information will be clarify your doubt.
bachi reddy


suriyaprakashs
6

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
navya.anu
Hi supriya
You can withdraw ur pf amount. contact ur Hr or concerned whoz handling the issues. they will give you the withdrawal forms, you can fill them and they will submit to the concerned pf office.
u will get ur amount to your bank account within 1 month or so.
Regards
Navya

From India, Hyderabad
surya_mukherjee
2

Hi Suriya,
At the time of withdrawal, one has to feel two forms,
1. Form No. 19
2. Form No. 10-C
Form 19 is for withdrawal of PF amount and Form 10-C is for withdrawal of Pension amount.
Dear Bachhi,
Thanks for the correction.
Regards,
Surya

From India, Pune
navya.anu
hi
once u withdraw both the amounts from ur pf account will b credited to your bank account.
That is the reason why we fill both 10c and 19 forms for withdrawal one for pf and other for pension.
hope u got it...

From India, Hyderabad
dharmendra_yes
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
Srichan
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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