Minimum Contribution Period For PF Withdrawal

Bhagya Anant
Dear All,
I work in a company where there are many daily wage earning labourers. Few labourers work for just 2-3 months and leave the job. We have been depositing PF contribution promptly. My query is that if any labourer who has worked for less than 6 months wants to withdraw his PF is it allowed or is their any clause in PF Laws specifying minimum contribution period required to withdraw PF.
jeevarathnam
Hi Bhagya
If any employees contribution is less than 3 months then he/she can't withdraw. Only above 3 months PF withdrawal is acceptable
sripadhr
Dear Sir,
Is it Above 3 months or 6 months of employee contribution in to EPF for withdrawal eligibility ?
please give reference in the EPF act.
essykkr
Can you point out provision, because there is no such provision under EPF&MP Act, EPF Scheme.
PC Lohar
Dear Bhagya Anant,
Greetings for the day!
If PF contribution deposited then EPF withdrawal claim (i.e. FORM 19) may be process after 60days gap of date of exit from employment.
Madhu.T.K
For any service let it be less than six months, the amount paid into Provident Fund can be withdrawn. However, the employer's contribution towards Pension Fund can be claimed only if the employee has worked at least for six months.
Madhu.T.K
sandy moving ON
means there no such limitation like 3 month minimum compulsory contribution required to withdraw only PF fund ?
dhakshna1
hi I have overall work experience of 5.5yrs, (worked in two organisations), currently going abroad so i want to withdraw my PF, my employee share is 112,080 and employer share is53,851, my pension is 22570 (pension is showing only for the current oorganisation which is only two yrs)
1. how much tax will be taken if I withdraw now?
2.what will happen to my previous employment Pension?
3.will I get any pension amount or not?
4.for going abroad reason is there any tax exemption?
5.if i will lose my pension (for withdrawal of before 10yrs) can i continuie my pension? or is there any way to save my pension alone?
Regards
Dhakshmna
Madhu.T.K
Since you have more than 5 years of service no tax will be deducted from the amount withdrawn from the PF.

When your PF of the old organisation was transferred, the pension fund should also have been transferred. In the online statement only the current pension fund contributions may be available. This is because the pension is not depended on the amount available in the pension fund but is depended on the length of service and the pensionable salary at the time of retirement.

If you do not want to withdraw the pension fund but want to keep it for taking advantage when you come back to India and join another organisation, then you can opt for Scheme Certificate in lieu of withdrawal benefits. Scheme Certificate is a certificate issued by the Labour Ministry under Govt. India certifying your 6 years service. Once you join an establishment you can surrender this certificate and by that your past service will be added to your new service. This will enable you to get accumulation of pension service. Moreover, in the event of any unfortunate happening to the member holding the Scheme Certificate, the dependants will start getting pension. This will save your pension and pensionable service.

Madhu.T.K
dilip-deepak
We are trustees of Children's public School Educational Trust. Two trustees are getting remuneration for managing trust. Our remuneration is Rs 22 thousands and 20 thousands respectively. Besides it there are 18 staff. 6 are daily wagers. Is it mandatory to provide PF ? As total permanent staff is 19th. The salary of staff according to periods but not more than 4 hours are 6 thousand to 14 thousands. 6 staff is not regular as they are designing for competitive exams and are not willing to contribute in PF.
So let us suggest accordingly.
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