Hi experts. I have worked in my last organization for two years and left in 2010. Recently, I applied for my provident fund in March. I received the amount for my PF just two days back in my account. However, the amount I received is much less than what I estimated. I want to know if there is a possibility that the PF is paid out in two installments into our accounts. If so, when can I expect the second installment to arrive?
Thanks
From India, Chandigarh
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From India, Chandigarh
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Probably it is due to the fact that 8.33% of employer’s contribution is credited to Pension Account.check with the P.F Dept. B.Saikumar HR & Labour Law advsior Mumbai
From India, Mumbai
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1931From India, Mumbai
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You will get two credits for PF withdrawal: one credit for EPF (your contribution + Employer Contribution) and the second for EPS. Please check your account. If you received only one amount, then check with the PF office for the second amount.
Regards,
Manoj
From India, Mumbai
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Regards,
Manoj
From India, Mumbai
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc