CA Darshan Balai
Sr. Project Manager
Private Co. Employee
6th January 2014 From India, Chennai
i warked in a company 2 years(1 aug 2011 to 29 jul 2013).and i want my pf.my basic was 4000 and monthly deduction 480 inr. so could you please tell match amt am eligible to get.[/QUOTE]
7th January 2014 From India, Chandra
Greetings & Good day.
My tenure with previous Co. was 26.09.2006 to 2.08.2013.
I have 2 PF No’s due to Company merger. (Period: 26.09.2006 to 31.12.2007 - Old Company & 1.1.2008 to 2.08.2013 new company)
As no intimation/instruction received by employer regarding transfer of old PF to New PF. Applied PF for 26.09.2006 to 31.12.2007 - Old Company & received the same from PF Office., but received amount is not matching with my deductions. I sent several mails (40 mail correspondence) asking for the PF deduction details for the old company, but I am not getting No response from my previous employer.
Could you please suggest how to proceed further?
Note: I am yet to apply for 2nd Company PF.
Thanks in advance,
7th January 2014 From India, Bangalore
It is difficult to deternine the exact amount you are eligible to get on withdrawal. However, It seems that you want to know the approximate amount.
The most appropriate calculation can be worked out as follows.
Monthly Contribution = Employee Share + Employer Share = 480+480 = 960
Contribution for 24 months = 960*24 = Rs. 23040.
Additionally, you are eligible to get interest at 8.25% on the balance.
Hope this helps
Thanks and Regards,
7th January 2014 From India, Pune