Recently, we registered under the PF Organization. To make the Provident Fund payment, we visited this site: EPFO (Govt. of India).
I have a few queries regarding this, so kindly clarify the following:
1. Once registered online, what is the detailed procedure for payment?
2. How are the individual PF account numbers created for all employees? And how do we send their PF contributions to their respective PF accounts?
3. How do we transfer the PF amount to the already existing PF accounts of employees?
4. How can an employee withdraw the PF amount?
4.a. Can an employee withdraw the PF amount anytime he/she wants to?
4.b. What documents need to be submitted to the PF Office for withdrawal?
4.c. Can it be done online, or is sending hard copies of the required documents to the PF Office mandatory?
5. Is withdrawing the PF amount an employer's responsibility or an employee's?
6. Who is the immediate point of contact if we need any assistance regarding PF-related issues or questions? Could you please provide us with their contact details if any?
Please clarify as soon as possible.
From India
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11I have a few queries regarding this, so kindly clarify the following:
1. Once registered online, what is the detailed procedure for payment?
2. How are the individual PF account numbers created for all employees? And how do we send their PF contributions to their respective PF accounts?
3. How do we transfer the PF amount to the already existing PF accounts of employees?
4. How can an employee withdraw the PF amount?
4.a. Can an employee withdraw the PF amount anytime he/she wants to?
4.b. What documents need to be submitted to the PF Office for withdrawal?
4.c. Can it be done online, or is sending hard copies of the required documents to the PF Office mandatory?
5. Is withdrawing the PF amount an employer's responsibility or an employee's?
6. Who is the immediate point of contact if we need any assistance regarding PF-related issues or questions? Could you please provide us with their contact details if any?
Please clarify as soon as possible.
From India
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Regarding your query about online PF:
1. Detailed Procedure for Payment
Reply: You have to generate a Challan after submitting the ECR file (Electronic Challan Cum Return). After that, there is no need to submit Forms 5/10/12A, 3A, and 6A to the PF department.
2. Creation of Individual PF Account Numbers
Reply: To create individual PF account numbers for each employee, we can use an Excel sheet on a monthly basis. After preparing a CSV and text file with contributions, we can send their PF contributions to their respective PF accounts.
3. Transfer of PF Amount to Existing Accounts
Reply: By creating a CSV and a text file with contributions, we can transfer the PF amount to the existing PF accounts of employees.
4. Withdrawal of PF Amount
Reply: After filling out Form 19 for PF & Form 10C for the Pension Scheme, both forms need to be submitted to the PF department.
4.a. Withdrawal Timing
Reply: No, an employee can only withdraw the PF amount after 5 years, and after 7.5 years, they can withdraw as a loan (advance) for specified reasons like sister's marriage, self-marriage, buying a home, renovating a home, etc.
4.b. Required Documents for Withdrawal
Reply: Form 19 & 10C along with Form 3A. If the matter is more than 3 years old, an address ID proof of that employee must also be provided.
4.c. Online or Offline Process
Reply: Currently, hard copies need to be sent as the online claim process is still in progress with the PF department.
5. Responsibility for Withdrawing PF Amount
Reply: It is the responsibility of both; coordination between them is required.
6. Point of Contact for PF Assistance
Reply: The reception at your nearest PF office can provide assistance.
Regards,
Abhay
[Email Removed For Privacy Reasons]
From India, Pune
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1. Detailed Procedure for Payment
Reply: You have to generate a Challan after submitting the ECR file (Electronic Challan Cum Return). After that, there is no need to submit Forms 5/10/12A, 3A, and 6A to the PF department.
2. Creation of Individual PF Account Numbers
Reply: To create individual PF account numbers for each employee, we can use an Excel sheet on a monthly basis. After preparing a CSV and text file with contributions, we can send their PF contributions to their respective PF accounts.
3. Transfer of PF Amount to Existing Accounts
Reply: By creating a CSV and a text file with contributions, we can transfer the PF amount to the existing PF accounts of employees.
4. Withdrawal of PF Amount
Reply: After filling out Form 19 for PF & Form 10C for the Pension Scheme, both forms need to be submitted to the PF department.
4.a. Withdrawal Timing
Reply: No, an employee can only withdraw the PF amount after 5 years, and after 7.5 years, they can withdraw as a loan (advance) for specified reasons like sister's marriage, self-marriage, buying a home, renovating a home, etc.
4.b. Required Documents for Withdrawal
Reply: Form 19 & 10C along with Form 3A. If the matter is more than 3 years old, an address ID proof of that employee must also be provided.
4.c. Online or Offline Process
Reply: Currently, hard copies need to be sent as the online claim process is still in progress with the PF department.
5. Responsibility for Withdrawing PF Amount
Reply: It is the responsibility of both; coordination between them is required.
6. Point of Contact for PF Assistance
Reply: The reception at your nearest PF office can provide assistance.
Regards,
Abhay
[Email Removed For Privacy Reasons]
From India, Pune
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We are in the Telecom Business and are taking over a new project in the Maharashtra Region. My query is, what if an employee is not willing to avail of the PF facility? In such a case, is Form No. 11 sufficient or not? Please guide me on the same.
Thanks & Regards,
Dinesh K.
From India
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Thanks & Regards,
Dinesh K.
From India
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Online payment of PF mandatory from 1.1.2016.pdf
Guide Lines for PF Withdrawal.doc