If I close my PF, will I receive both my PF amount and Employer Contribution? My question is whether I will receive the employer contribution amount of 3.67% or 36.67% + 8.33%. Kindly provide me with the answer.
From United States, Chicago
Acknowledge(0)
Amend(0)
From United States, Chicago
Acknowledge(0)Amend(0)
You will get a PF amount of Rs 12% as an employee contribution and 3.67% as an employer contribution. Additionally, there is an 8.33% contribution from the employer towards the pension fund if you have not completed 9 years and 6 months of service. The 8.33% payment is subject to the payment table determined by the PF officials.
Regards,
Krishan Moorthy
[Phone Number Removed For Privacy Reasons]
From India, Madras
Acknowledge(0)Amend(0)
Regards,
Krishan Moorthy
[Phone Number Removed For Privacy Reasons]
From India, Madras
Acknowledge(0)Amend(0)
PF Calculation Details
PF calculation is below. Employee contribution is 12%, which will go directly to the PF A/C. Employer contribution is divided into two parts: 3.87% for PF AMT and 8.33% for pension AMT. The ceiling for pension is 6500. Any amount exceeding this (above 541) will be credited to the PF.
Regards,
Murugesan
From India, Madras
Acknowledge(0)Amend(0)
1PF calculation is below. Employee contribution is 12%, which will go directly to the PF A/C. Employer contribution is divided into two parts: 3.87% for PF AMT and 8.33% for pension AMT. The ceiling for pension is 6500. Any amount exceeding this (above 541) will be credited to the PF.
Regards,
Murugesan
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf