I filled out Form 10C after two months of leaving my job. Below is my scenario.
Date of Joining: Oct 1, 2013
Date of Leaving: April 16, 2018
EPS Contribution Balance (per passbook) = 59,701 (541 x 11 months + 1250 x 43 months) (one month no pension was contributed, hence 43 instead of 44).
I filled Form 10C, but the amount deposited in my account is 47,373. I need guidance regarding how this amount was calculated. Going by the pension withdrawal table, shouldn't I get 15,000 x 5.28 = 79,200, since I worked for 4.55 years, which would be rounded to a 5-year factor? If so, how do I claim the rest of the money from EPFO? Kindly advise.
From India, Chennai
Acknowledge(0)
Amend(0)
Date of Joining: Oct 1, 2013
Date of Leaving: April 16, 2018
EPS Contribution Balance (per passbook) = 59,701 (541 x 11 months + 1250 x 43 months) (one month no pension was contributed, hence 43 instead of 44).
I filled Form 10C, but the amount deposited in my account is 47,373. I need guidance regarding how this amount was calculated. Going by the pension withdrawal table, shouldn't I get 15,000 x 5.28 = 79,200, since I worked for 4.55 years, which would be rounded to a 5-year factor? If so, how do I claim the rest of the money from EPFO? Kindly advise.
From India, Chennai
Acknowledge(0)Amend(0)
Please verify the data in your passbook using your UAN login account- even though your calculation my be right.
From India, Chennai
Acknowledge(0)Amend(0)
56From India, Chennai
Acknowledge(0)Amend(0)
My passbook is showing a pension balance of $59,701 (541 x 11 months + 1250 x 43 months) post 10c settlement as of today. However, I only received a 10c settlement of $47,373 instead of the calculation per above of $79,200.
1. I am not sure why the pension balance of $59,701 is still showing in the passbook even though $47,373 has already been credited to me.
2. Why was $47,373 credited to me instead of $79,200?
3. What do I need to do to raise this issue if applicable?
Please advise.
From India, Chennai
Acknowledge(0)Amend(0)
1. I am not sure why the pension balance of $59,701 is still showing in the passbook even though $47,373 has already been credited to me.
2. Why was $47,373 credited to me instead of $79,200?
3. What do I need to do to raise this issue if applicable?
Please advise.
From India, Chennai
Acknowledge(0)Amend(0)
Please raise a grievance in epfigms.gov.in You may also walk in to the EPF office and get the issue clarified.
From India, Chennai
Acknowledge(0)Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Hi Matt,
The same situation has happened with me. Did you receive your full amount? What was the issue in your case? I raised a concern with EPFO, and they just mailed back the EPS settlement report, which does not clarify how they arrived at the settled amount. Any help would be great.
Thanks,
Mohit
From United States, San Jose
Acknowledge(0)Amend(0)
The same situation has happened with me. Did you receive your full amount? What was the issue in your case? I raised a concern with EPFO, and they just mailed back the EPS settlement report, which does not clarify how they arrived at the settled amount. Any help would be great.
Thanks,
Mohit
From United States, San Jose
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.
EPF Pension.xls
EPF - Pension contribution is zero WHY.jpg