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How to calculate pf interest - why no interest for pension contribution?
Hi seniors i have a doubt bases on calculation of interest rate 8.65 per month contribution: employee share pf contribution rs. 672 employer share pf contribution rs. 206 pension contribution rs. 466 even after 5 months of contribution i got below interest amount. interest updated upto 31.03.2017 employee share interest amount rs.48 employer share interest amount rs.15 interest amount for pension contribution is rs.0 why no interest for pension contribution? kindly guide me for calculating interest amount. thank you.
Contribution to pf after 58yrs - whether i will get an interest in employer+employee contribution?
Dear sir i am 59 years old and i am still employed in company roll. i am contributing to vpf epf and my employer is contributing 12. as of today i have completed 11yrs of pf contribution. i am have not taken a pension either. pls advise whether i will get an interest in employeremployee contribution? whether i will get an 8.16 higher pension if i retire by 60yrs of age. thanks
What is the pension fund amount i get on withdrawl
Hi experts i wanted to understand and know how much i get from my pension fund when my pf balance is withdrawn my service with my last company is 5 years 4 months nov 2004 to mar 2010 my pension fund balance in my pf account shows 34441 as of 01/04/2010 now i have applied for my pf withdraw so how much i get from my pension fund? if i calculate as given in eps95 document 65005.02 32630 which is less than the contributioneven w/o adding interest govt contribution please clarify how much i will get now from my pension fund. thanks ashok
Information of provindend fund pension(epf and eps)
Hello i need some information on epf and eps. we all know once we have epf for 10 years we will be getting eps pension on our retirement after 58 years. this is my situation .i was working in a company in india from may 2004 and was having contribution for pf till jan 2007. later i was sent on an onsite assignment to us and according to our company policy once we are on onsite assignment all our pf contributions will be stopped as we are not getting india salary. but every year from 2007 to 2012 was getting the interest on accumaled pf amount. my question is my pf contribution was only for 3 years and later there was no transactions except the interest gained but now i realised according to new law i am not even getting the interest on this. the question is 1 whether if i dont withdraw my pf amount whether am eligible for pension after 10 years even though the contribution is made for only 3 years. 2 as am not getting any interest now on pf advise me whether to withdraw it or any benefits i get if i don t withdraw. regards srini
Employers contribution to pension fund
I was employed with a private sector bank where my employer s contribution of provident fund was contributed to pension fund. as per 1995 pension rules all bank employees under iba pay scale are having compulsory pension. as per the directives of the law we didn t have option of taking employers contribution in the provident fund hence the contribution has been since directed to pension fund. i left the bank after 4 years and 11 months of service. now when i am asking about the bank s contribution they replied that as i have not completed minimum years of service for pension eligibility they cannot provide me the employers contribution. they gave back only my contribution of provident fund without any employer s contribution. my question is can i claim the money? regards shiv
Employee pension scheme - clarification required
Respected seniors could you please clarify my below doubts?? actually pf is deducted as below: 12 employee contribution 12 employer contribution 8.33 3.67 i was informed that when an employee withdraw the pf amount during the service he or she will be getting only 12 employee contribution 3.67 of employer contribution. is it right. i was informed that 8.33 of employer contribution goes to pension scheme as interest and while withdrawing inbetween this amount will not be given to the employee. is it right. please clarify. also what will happen to this 8.33 amount after maturity... i.e. after 58 years after retirement. will it come to an employee as pension. please explain. thanks