Hi all! I have a little doubt regarding the contribution of the PF employer share. I worked in a company from 05 April 2012 to 01 Oct. 2013, where my Gross Salary Slab was 9,200+2100+3605+500=15405 (Gross Basic Pay + TPT + HRA + Medi Allowance). Out of which EPF @ 12% = Rs. 780 was deducted every month. Now I resigned there and I logged in to the EPF Portal to know my PF balance in my PF account. I was surprised due to the following reasons:
1. Employee and Employer's share not shown for the month of April 2012.
2. Employee and Employer's share not shown for the months from January 2013 to Oct. 2013.
Please clarify the above reasons. (For reference, see the attached file which I downloaded from the EPF Portal) and also tell me how much total amount I will get from the PF account according to my deduction of PF from the period 05 April 2012 to 01 Oct. 2013.
Thank you,
Pankaj
From India, Gurgaon
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11. Employee and Employer's share not shown for the month of April 2012.
2. Employee and Employer's share not shown for the months from January 2013 to Oct. 2013.
Please clarify the above reasons. (For reference, see the attached file which I downloaded from the EPF Portal) and also tell me how much total amount I will get from the PF account according to my deduction of PF from the period 05 April 2012 to 01 Oct. 2013.
Thank you,
Pankaj
From India, Gurgaon
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As you have 19 months of experience, your PF amount should be as follows:
- Employee side: 14,820 rupees
- Employer side: 14,820 rupees
So, the total is 29,640 rupees. You will receive the full employee side 12% amount, but the employer side 12% amount is divided into two parts:
- 8.33% (10,287.55 rupees) will go towards your pension, which you will receive later on.
- 3.67% (4,532.45 rupees) you will receive now.
Therefore, the total amount you will receive now is 14,820 + 4,532.45 = 19,352.45 rupees, and the remaining 10,287.55 rupees will be available to you after 6 months as a pension.
The EPF Portal is still not updated, so don't worry. I hope I have cleared your doubts.
Regards, Yogendra
From India, Bangalore
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- Employee side: 14,820 rupees
- Employer side: 14,820 rupees
So, the total is 29,640 rupees. You will receive the full employee side 12% amount, but the employer side 12% amount is divided into two parts:
- 8.33% (10,287.55 rupees) will go towards your pension, which you will receive later on.
- 3.67% (4,532.45 rupees) you will receive now.
Therefore, the total amount you will receive now is 14,820 + 4,532.45 = 19,352.45 rupees, and the remaining 10,287.55 rupees will be available to you after 6 months as a pension.
The EPF Portal is still not updated, so don't worry. I hope I have cleared your doubts.
Regards, Yogendra
From India, Bangalore
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Yogendre G, Thanks for reply please tell me which form will be submitted for pension fund after six months. and also clear my doubt no.1 (for ref. file attached) thanks
From India, Gurgaon
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From India, Gurgaon
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PF Contribution Details
PF contribution is 12% for both the employee and the employer. In your case, ₹780 * 2 = ₹1,560 per month will be contributed to your PF account.
For the period from April '12 to Sep '13, which is 18 months, the contribution amount of ₹28,080 along with interest will be reflected in your account. If it is not reflected, it could be due to your employer not remitting the contribution or a technical error with the PF Department. You may write to them to inquire about the reason.
You can transfer the amount to your present PF account using Form 13.
From India, Chennai
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PF contribution is 12% for both the employee and the employer. In your case, ₹780 * 2 = ₹1,560 per month will be contributed to your PF account.
For the period from April '12 to Sep '13, which is 18 months, the contribution amount of ₹28,080 along with interest will be reflected in your account. If it is not reflected, it could be due to your employer not remitting the contribution or a technical error with the PF Department. You may write to them to inquire about the reason.
You can transfer the amount to your present PF account using Form 13.
From India, Chennai
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
Employee Benefits.doc