PF Amount - Pf Contributions

Dear Samz5000,
As very well defined by Hiral Mehta, i would just like to add few point in that will be -
as provided by you :EE amt Rs. 37862/-
ER amt Rs. 11816/-
Your PF contribution i.e. 12% of basic will be as follows
12%+Interest earned on that(EE)= 37862/-
3.67%+Interest earned on that(ER)= 11816/-
Rest of the amount contributed from employer towards Pension fund as 8.33% hence, Your Pension amount will as
EE (37862) - Interest Amount earned on (EE+ER) - ER(11816)= Outcome will be your Pension amount.
And total amount will be
EE+ER+(Pension fund- Interest amount earned on (EE+ER)
i.e. 37862+11816+ (26046- Interest earned on EE+ER)
Note- As per PF scheme we do not earn any interest in the contribution towards Pension.
Please write if you still required any further clarification.
Regards,
Pushkar Bisht

Dear Syama,
Yes you can withdraw Pension amount but there are some condition in which it will no be withdrawn.
1. If your total service is less 6 Month towards the Pension Scheme.
2. If your total service is more than 10 years than you can not withdraw the amount you will only be eligible for PSC(Pension Scheme Certificate) at the time of going for withdrawal.
Regards,
Pushkar Bisht

8.33% or Rs.541/- whichever is less will go to Pension account and balance will be shown as Employers PF contribution. Pension part of PF only can be withdrawan if your service is less than 9 years and 6 months. You can not withdraw pension part if your service is more than 9 years and 6 months.
Novel Lopes
Manager - HR

It will not be given at the time of PF withdrawal , but it will be given every month as Pension

ER amt is less because 8.33 % goes to Pension Fund which does not show in Annual slip and 3.67% shoes in PF slip. Calculate to check the amounts.

Dear members
I received my PF from my earlier employer. I got ER and EE but I doubt had I received the Family Pension account.
whether 8.33 % portion will be given to the employee at the time of withdrawal of PF
Please help me how to know the details of these. My earlier PF office is Mumbai bandra
Thanks and regards

[QUOTE=satishwr;2002022]Dear members
I received my PF from my earlier employer. I got ER and EE but I doubt had I received the Family Pension account.
whether 8.33 % portion will be given to the employee at the time of withdrawal of PF
Please help me how to know the details of these. My earlier PF office is Mumbai bandra
Thanks and regards
satishwr

[QUOTE=satishwr;2002024]Dear Satishwr,
Please check your PF slips and match the settled amount or else check with your employer.
Please write if you have any query pertaining to above.
Regards,
Pushkar Bisht

Hi Mr.Pushkar Bisht
Thank you for the timely reply. I will just go through the pf slips and let you know the details of the same in details.
Thanks & Regards
Satish W.R

Dear Syam,
The Employer Contribution of 8.33% to Family Pension A/c will be refunded you at the time of your Refund Claim. If you complete 10 year service ,the monthly pension amount will be from this 8.33%. There is an option to you, to withdraw the 8.33% (Family Pension amount) along with your PF contribution at the time of your Resignation or retirement.(You can opt for Pension Scheme or Withdrawal of full amount in the Refund claim.)
Regards,
Shaji George.