Hi all, I have applied for my PF withdrawal using both Form 19 and 10C. These forms have been approved, and the payment is currently in process. I am eager to know the exact amount I will receive. I also have the statement with me, which provides the following details:
- Employee Share: Rs. 50,000
- Employer Share: Rs. 15,000
- Pension Fund: Rs. 9,000
Will I receive Rs. 74,000 (50,000 + 15,000 + 9,000) or a different amount? It's important to note that the information regarding the amounts in the Employee/Employer Share and Pension Fund may not be accurate.
Could someone please assist me with this? Thank you in advance.
From India, Chennai
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- Employee Share: Rs. 50,000
- Employer Share: Rs. 15,000
- Pension Fund: Rs. 9,000
Will I receive Rs. 74,000 (50,000 + 15,000 + 9,000) or a different amount? It's important to note that the information regarding the amounts in the Employee/Employer Share and Pension Fund may not be accurate.
Could someone please assist me with this? Thank you in advance.
From India, Chennai
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As I can predict, the above contribution might be correct. It can happen that either the employee is paying PF on a higher wage and the employer is contributing the maximum of 6500/-. Could you confirm what your basic wage is? Once you provide that information, I will be able to tell you exactly what was deducted for your EPF contribution.
Thank you.
From India, Delhi
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Thank you.
From India, Delhi
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Could you please inform us how many years it took you to accumulate the above-mentioned amount? When it comes to the pension fund, certain factors need to be considered in the calculation based on the number of years. You will receive a total of $50,000 plus $15,000. Additionally, the company contributes either 13.61% or 12%.
Furthermore, regarding Mr. Jeewan's query about your basic salary, if you could share that information with us, we will be able to determine the amount you may receive, which is 1.61%.
Regards,
Saurabh
From India, Calcutta
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6Furthermore, regarding Mr. Jeewan's query about your basic salary, if you could share that information with us, we will be able to determine the amount you may receive, which is 1.61%.
Regards,
Saurabh
From India, Calcutta
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Sir,
Regarding your Provident Fund, you will receive the employee share amount and the employer share amount, along with interest up to the month preceding the settlement month. However, for the pension fund, the amount returned is not the exact amount contributed. It is calculated based on the last drawn salary multiplied by a factor that is dependent on the years of service you have completed.
Regards,
Pradheep
From India, Vellore
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Regarding your Provident Fund, you will receive the employee share amount and the employer share amount, along with interest up to the month preceding the settlement month. However, for the pension fund, the amount returned is not the exact amount contributed. It is calculated based on the last drawn salary multiplied by a factor that is dependent on the years of service you have completed.
Regards,
Pradheep
From India, Vellore
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PF Withdrawal Query
I have applied for PF withdrawal and I wanted to know how much amount I will get. I joined a company on 28/7/2011 and left on 6/11/2013. Before that, I was working in another company with a PF amount of Rs. 8,254/-. I have transferred this amount to the account which I left in the previous company. Can you please tell me how much amount I will receive? The details are as follows:
EE Amt: Rs. 18,758, ER Amt: 5,734 (this account is updated till 31/3/2013)
This amount includes my old account amount as well.
Thank you.
Regards,
Y B Patil
From India, Mangalore
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I have applied for PF withdrawal and I wanted to know how much amount I will get. I joined a company on 28/7/2011 and left on 6/11/2013. Before that, I was working in another company with a PF amount of Rs. 8,254/-. I have transferred this amount to the account which I left in the previous company. Can you please tell me how much amount I will receive? The details are as follows:
EE Amt: Rs. 18,758, ER Amt: 5,734 (this account is updated till 31/3/2013)
This amount includes my old account amount as well.
Thank you.
Regards,
Y B Patil
From India, Mangalore
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PF Withdrawal Amount Inquiry
I have applied for PF withdrawal and I wanted to know how much amount I will get. I joined a company on 28/7/2011 and left on 6/11/2013. Before that, I was working in another company with a PF amount of Rs. 8,254/-. I have transferred this amount to the account from which I left the company now. Could you please tell me how much amount I will receive? The details are as follows:
- EE Amount: Rs. 18,758
- ER Amount: Rs. 5,734 (this account is updated till 31/3/2013)
This amount includes my old account balance as well.
Thank you.
Regards,
Y B Patil
From India, Mangalore
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I have applied for PF withdrawal and I wanted to know how much amount I will get. I joined a company on 28/7/2011 and left on 6/11/2013. Before that, I was working in another company with a PF amount of Rs. 8,254/-. I have transferred this amount to the account from which I left the company now. Could you please tell me how much amount I will receive? The details are as follows:
- EE Amount: Rs. 18,758
- ER Amount: Rs. 5,734 (this account is updated till 31/3/2013)
This amount includes my old account balance as well.
Thank you.
Regards,
Y B Patil
From India, Mangalore
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf