Provident fund amount receivable on resignation - "Employee's Share + Employer's Share + Pension Contribution"? - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
An employee's Provident Fund statement shows as seen in the attachment.
The person joined on 01-07-2016 and resigned on 31-12-2017. He would like to withdraw his Provident Fund, and we have initiated the same.
What is the amount he will receive?
Will he receive "Employee's Share + Employer's Share + Pension Contribution" or only "Employee's Share + Employer's Share".
According to him he claims he should receive Employee's Share + Employer's Share + Pension Contribution. Is this correct? What is the amount he will get?
Please see image for full details.
Thank You

Attached Images
Membership is required for download. Create An Account First
File Type: jpg pf_contribution.jpg (139.2 KB, 43 views)

Community Prime Sponsors - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA.
As his total working years is less than 10 years, therefore, he will receive entire amount including pension fund amount in withdrawal. In his case, he will receive entire, employees share of PF amount, employer's share of PF amount and pension fund amount.
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 @ 2019 Cite.Co™