Can anybody please tell me if an employee has resigned from a job after completing 2 years and wants to withdraw their PF contribution, will they receive the Employee contribution of 12%, Employer contribution of 3.67%, and interest as per government rules? I am confused about receiving the employer contribution. Will we get both employer contributions (8.33% + 3.67%) or only one account contribution between them?
Thanks & Regards,
Monali
From India, Pune
Acknowledge(0)
Amend(0)
1Thanks & Regards,
Monali
From India, Pune
Acknowledge(0)Amend(0)
Dear Monali, Whatever amount in account with interest can be withdrawn (i.e.both employee and employer contribution). Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Employees will receive the Provident Fund Amount (12% Employee Contribution + Difference Amount or 3.67% + Interest) along with the Pension Amount (as per Table B under the Employees' Pension Scheme 1995) upon the withdrawal of the Fund Amount under The Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
With Regards,
Ankur Rastogi
From India, New Delhi
Acknowledge(0)Amend(0)
With Regards,
Ankur Rastogi
From India, New Delhi
Acknowledge(0)Amend(0)
Are you sure you will get pension amount on withdrawal. I thought you will not get the pension contribution but will get pension at the notional date of retirement.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
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 Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF WITHDRAWAL RULES.zip