Hi everyone, can anyone tell me what an employee can withdraw after retirement?
Options for Withdrawal:
1) Employee's Contribution (12% of basic)
2) Employee's Contribution (12% of basic) + Employer's Contribution (EPF)
3) Employee's Contribution (12% of basic) + Employer's Contribution (EPF) + Employee Pension Scheme (EPS)
Regards
From India, Mumbai
Acknowledge(0)
Amend(0)
Options for Withdrawal:
1) Employee's Contribution (12% of basic)
2) Employee's Contribution (12% of basic) + Employer's Contribution (EPF)
3) Employee's Contribution (12% of basic) + Employer's Contribution (EPF) + Employee Pension Scheme (EPS)
Regards
From India, Mumbai
Acknowledge(0)Amend(0)
You can withdraw the Employee contribution (12%) and the Employer contribution (12% minus EPS). If your service is below 10 years, you can withdraw the EPS amount as well. Otherwise, you have to avail of a pension.
Regards,
Abbas.P.S
From India, Bangalore
Acknowledge(1)Amend(0)
530Regards,
Abbas.P.S
From India, Bangalore
Acknowledge(1)Amend(0)
Employee contribution is 12% (EPF). Employer contribution is 3.67% (EPF). Employer contribution is 8.33% (EPS).
You can withdraw PF settlement through Form 19 and EPS through Form 10C or Form 10D based on your work experience.
Regards,
Raj C
From India
Acknowledge(1)Amend(0)
You can withdraw PF settlement through Form 19 and EPS through Form 10C or Form 10D based on your work experience.
Regards,
Raj C
From India
Acknowledge(1)Amend(0)
I agree with your reply to Mr. Ruphs.
Towards PF
A PF member can withdraw his accumulated PF contribution with interest thereon, plus the employer's accumulated contribution with interest thereon.
Towards EPS
If a member's service is below 10 years, he can withdraw the EPS amount (i.e., as per rules) contributed by his employer also. Otherwise, the member has to avail of a pension, as per rules.
Thanks with Regards,
From India, Sirohi
Acknowledge(0)Amend(0)
Towards PF
A PF member can withdraw his accumulated PF contribution with interest thereon, plus the employer's accumulated contribution with interest thereon.
Towards EPS
If a member's service is below 10 years, he can withdraw the EPS amount (i.e., as per rules) contributed by his employer also. Otherwise, the member has to avail of a pension, as per rules.
Thanks with Regards,
From India, Sirohi
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.
Employee Pension Scheme, 1995.doc
Form10C.PDF for Employee Pension Scheme 1995.PDF