Please guide for pf pension break period if employee change the orgnisation and joined in new one
From India, Hyderabad
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From India, Hyderabad
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I am also looking for information on PF payable if an employee leaves after working for 10 days. Is PF deductible or payable? Please clarify if an employee leaves without serving their notice and does not return to collect their salary, is PF payable to the department? This is urgent. Please let me know what the current practice is.
From India, Bangalore
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From India, Bangalore
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I think you should be clearer in your question. If an employee works for 10 days or any number of days, the full amount of PF, i.e., 12% + 13.61%, must be deposited in the PF office. If anyone leaves the job before 10 days, they will not be able to withdraw the full amount, i.e., 25.61%. However, they can claim 12% + 3.67%.
Regards,
Sandeep
From India, Raipur
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1Regards,
Sandeep
From India, Raipur
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sir, I have a doubt totol pf service is required 10 years, continous service is required, any breaks are acceptable, it was countable in pf service, please calirify
From India, Kakinada
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From India, Kakinada
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Hi, Alicia...
Yes, it is fair. As per my knowledge, your Rs. 8000/- is what is generally called take-home salary, which you are getting in hand. Your total CTC is equal to Take-home salary + Deductions.
From India, Mumbai
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Yes, it is fair. As per my knowledge, your Rs. 8000/- is what is generally called take-home salary, which you are getting in hand. Your total CTC is equal to Take-home salary + Deductions.
From India, Mumbai
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Hi, thanks for such clear information. One thing more I want to know: as you mentioned, if anyone leaves the job before 10 days, they will not be able to withdraw the full amount, i.e., 25.61%. However, they can claim 12% + 3.67%, making them eligible to withdraw 25.61%. According to my knowledge, the employer's contribution is also 12%; then where does this extra 1.61% come from?
Employee's Share: 12% [on basic + d.a.]
Employer's Share: 12% [on basic + d.a.]; the bifurcation in this 12% is 8.33% or a maximum of Rs.541.00 in the Pension A/c., with the balance amount in the Employer's PF A/c.
• Administration charges: 1.10% [calculated on PF salary]
• EDLI charges: 0.50% [calculated on Pension salary]
• EDLI Administration charges: 0.01% [calculated on Pension salary]
Account Details:
A/c. No. I - PF Account [including Employee's PF & Employer's PF]
A/c No. II - Administration charges [calculated on PF salary]
A/c No. X - Pension amount [i.e., 8.33% or a maximum of Rs.541.00]
A/c No. XXI - EDLI Charges [EMPLOYEE DEPOSIT LINK INSURANCE]
A/c No. XXII - EDLI Administration charges
Regards,
Deepak
From India, Thana
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Employee's Share: 12% [on basic + d.a.]
Employer's Share: 12% [on basic + d.a.]; the bifurcation in this 12% is 8.33% or a maximum of Rs.541.00 in the Pension A/c., with the balance amount in the Employer's PF A/c.
• Administration charges: 1.10% [calculated on PF salary]
• EDLI charges: 0.50% [calculated on Pension salary]
• EDLI Administration charges: 0.01% [calculated on Pension salary]
Account Details:
A/c. No. I - PF Account [including Employee's PF & Employer's PF]
A/c No. II - Administration charges [calculated on PF salary]
A/c No. X - Pension amount [i.e., 8.33% or a maximum of Rs.541.00]
A/c No. XXI - EDLI Charges [EMPLOYEE DEPOSIT LINK INSURANCE]
A/c No. XXII - EDLI Administration charges
Regards,
Deepak
From India, Thana
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PF WITHDRAWAL RULES.zip
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Guide Lines for PF Withdrawal.doc