bhooshanlikhitkar
please send me the pf forms to withdraw the pf amount from the previous company.or guide me in this matter.
From China, Nantong
Amitmhrm
496

Hi Find enclosed the PF withdrawal Forms 10C and 19.. Regards, Amit Seth.
From India, Ahmadabad
Attached Files (Download Requires Membership)
File Type: pdf 19_126.pdf (121.9 KB, 142 views)
File Type: pdf 10c_138.pdf (68.5 KB, 100 views)

Muthukumar.K
13

Hi, you have the forms from our friend Amit and that should take care of your needs now but, I want you think in long term perspective and take a decision yourself.

Please look at PF as a blind savings as most of us today do not have the discipline to stick to a savings pattern. Look at the following example,

{Imagine, Mr x gets Rs 1000/- as his basic and his PF deduction is Rs 120/- and with the employer's contribution it becomes Rs 240/- per month. If Mr x goes on to work in the similar scale for the next 30 years ( 240*30*12), his savings would be roughly around one lakh rupees, of course with the interest put in too. }

For someone whose basic is Rs 1000/-, he saves close to one lakh rupees, when he retires and that too the beauty is that, he does not realise this at all. Now think of a real life situation, where your basic salary will be growing every year, if for example your basic is Rs 30,000, your monthly contribution is Rs 3600 & you know your monthly savings.

All this happens without really having to feel the pinch of difficulties involved in savings and above all, this would also help you in your tax savings, and many many more facilities. Now you decide, if you want to withdraw your PF amount or not?

Regards,

Muthukumar K

From India, Mumbai
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