Sir/Madam,
I would to present my concern before you all for your suggestion in this regard.I joined a company in june 2010 and left the same in july 2011. From july 2011 to september 2012
i was unemployed.now i joined a company in 2012 .so my question is
1) whether i am eligible to apply for withdrawal of provident fund money( idont wish to transfer to my present company)?
2) Recently EPFO has decided to give UAN ( universal account number) to all its member . so does UAN will be given for the provident fund account of the company which i have left?
3) now currently my company has provident fund trust so does UAN will also be given to provident fund trust?

From India
pon1965
603
construction

Either you can transfer or withdraw. — — — — — — — — — — — — — — — — — — — Pon
From India, Lucknow
Dear Pon,
Need your assistance to know that who can sign and validate the PF withdrawal Form when the establishment has been rampped down/shuttered down or the employer is not ready to do it due to xyz reasons.
R's
Harendra Rawat

From India
Sir, There is a clause in epf form saying that if aperson leaves the job and join another company then pf amt cant be withdrawn ? PLZ CLARIFY thanks in advance
From India
saswatabanerjee
1967
Partner - Risk Management

Since you are now working again, you can not withdraw the PF amount.
It needs to be transferred to the new company.
The PF Form for withdrawal quiet clearly says that you are not working for xx number of months.
So to withdraw, you need to give a false declaration.
Further, in the new company you will again need to give a false declaration that you do not have any existing PF account.

From India, Mumbai
Hi
PF can either be trasferred to the new organization or withdrawn.
Incase you are not willing to get it transferred you are allowed to withdraw the entire amount leading to the closure of your PF account.
Incase this happens please make sure you open another PF account. Reason being PF account is a saving account ...the money that you save here is not taxable over the years whatever amount you save will only help you later and the saveed amount isn't taxable as long as it is in PF account.
Once out of PF account iot becomes taxable.
Hence please make sure that you do HAVE a PF account..
Thanks!

From India, Pune
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 Cite.Co™