Confused About PF Claim Amount and Form 10C Eligibility After 6 Months? Let's Discuss

Dear Sir,

My friend worked in the company for 10 months and claimed his PF after 6 months. He received only Rs. 1505, whereas his basic salary was Rs. 1500. I have a doubt regarding the PF claiming process. Shouldn't he receive double the amount? He only got Rs. 1500. Additionally, I am unsure if he is eligible for Form 10C. Could you please clarify my doubts?

Thank you.

In India, the Employees' Provident Fund Organization (EPFO) mandates that an employee can withdraw the full PF amount only after being unemployed for two months. The amount received is based on the accumulated PF balance, which includes both the employee's contribution and the employer's contribution along with accrued interest. The discrepancy in the amount received could be due to various factors such as deductions, outstanding loans, or incorrect calculations.

Regarding Form 10C, this form is used for claiming benefits under the Employee's Pension Scheme (EPS) such as pension, withdrawal benefits, or scheme certificate. To be eligible for Form 10C, your friend needs to have completed at least six months of continuous service. Since he has worked for 10 months, he should be eligible to apply for Form 10C along with the PF withdrawal.

To address the discrepancy in the PF amount and determine the eligibility for Form 10C, it is advisable to directly contact the company's HR department or the EPFO office. They can provide detailed information on the calculations, deductions, and the specific eligibility criteria for Form 10C.