Industrial Relations And Labour Laws
Sr. Manager Hr/admin
Dy.manager - Hr & Admin
Statutory Complaince/labour & Employment
Sandy Moving ON
26th July 2012 From India, Karimnagar
1. how much tax will be taken if I withdraw now?
2.what will happen to my previous employment Pension?
3.will I get any pension amount or not?
4.for going abroad reason is there any tax exemption?
5.if i will lose my pension (for withdrawal of before 10yrs) can i continuie my pension? or is there any way to save my pension alone?
7th July 2016 From India, Udupi
When your PF of the old organisation was transferred, the pension fund should also have been transferred. In the online statement only the current pension fund contributions may be available. This is because the pension is not depended on the amount available in the pension fund but is depended on the length of service and the pensionable salary at the time of retirement.
If you do not want to withdraw the pension fund but want to keep it for taking advantage when you come back to India and join another organisation, then you can opt for Scheme Certificate in lieu of withdrawal benefits. Scheme Certificate is a certificate issued by the Labour Ministry under Govt. India certifying your 6 years service. Once you join an establishment you can surrender this certificate and by that your past service will be added to your new service. This will enable you to get accumulation of pension service. Moreover, in the event of any unfortunate happening to the member holding the Scheme Certificate, the dependants will start getting pension. This will save your pension and pensionable service.
7th July 2016 From India, Kannur
So let us suggest accordingly.
23rd February 2018 From India
24th February 2018 From India, Kannur