I worked at a company for 20 months, from October 4, 2010, to July 14, 2012. Rs. 780 was deducted from my salary every month. Could you please provide me with the employer's contribution details and a comprehensive calculation of the total PF amount I will receive as I have requested to close this account? Thank you in advance.
Regards,
Krishna
From India, Chennai
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1Regards,
Krishna
From India, Chennai
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Employer PF should be converted into two parts. One is Employer PF of Rs. 239/-, and the second one is Family Pension of Rs. 541/-. You can get Rs. 780/- + 239 * 20 = Rs. 20,380/- + Interest (Annual Interest 8.50%).
The Pension fund Rs. 541 * 20 = Rs. 10,820/- approximately (no interest is attracted for this amount; it's called service value).
Regards,
Srini
From India, Hyderabad
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The Pension fund Rs. 541 * 20 = Rs. 10,820/- approximately (no interest is attracted for this amount; it's called service value).
Regards,
Srini
From India, Hyderabad
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Thank you very much for the calculation Mr. Srini. so if i close my pf account now. will i get the total of 20380+ interest + 10820 . so the total comes around 31000+ interest, am i correct.?
From India, Chennai
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From India, Chennai
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
Guide Lines for PF Withdrawal.doc