Why Is My EPF Payment Less Than Approved? Understanding Deductions and Discrepancies

sagar-toke1

Hi,

I have applied for EPF and EPS (pension) amounts separately. My EPF claim has been settled with an amount of 71783 INR, but the amount credited via NEFT to the bank is only 64605 INR. There is a difference of almost 7k in the amount. Does anyone have any idea whether any deductions are made before transferring the amount, as the approved and credited amounts are different?

My EPS claim is still unsettled.

nathrao

TDS of 10% has been deducted.
Claim is above Rs50,000.
How many years did you serve in this organization?

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute