Dear readers, I marked exited an employee through the employee portal, then how many days should I wait to apply for forms 10C and 19 Could you please clarify that? With regards Veera manikanta
From India, Eluru
Acknowledge(0)
Amend(0)
From India, Eluru
Acknowledge(0)Amend(0)
PF Withdrawal Process: Applying for Forms 10C and 19
When an employee is marked as exited through the employee portal, it's essential to understand the waiting period before applying for forms 10C and 19 for PF withdrawal. Here's a practical guide to help you navigate this process efficiently:
1. Check Company Policies: Firstly, refer to your company's HR policies or guidelines regarding the timeline for initiating PF withdrawal after an employee's exit. Companies may have specific protocols in place.
2. Statutory Requirements: As per the Employees' Provident Fund Organisation (EPFO) guidelines in India, the waiting period for applying for forms 10C (for pension withdrawal) and 19 (for PF withdrawal) is typically around two months from the date of exit.
3. Verification Process: Ensure that all necessary documentation and formalities related to the employee's exit are completed accurately before initiating the PF withdrawal process. This includes updating the employee's exit date in the records.
4. Submission of Forms: Once the waiting period has elapsed, you can proceed with filling out forms 10C and 19 for PF withdrawal. These forms are available on the EPFO portal or can be obtained from the regional PF office.
5. Submission Channels: Forms 10C and 19 can be submitted online through the unified portal or physically at the regional PF office, depending on the preferred mode specified by the EPFO.
6. Follow-Up: After submitting the forms, monitor the progress of the PF withdrawal application regularly. The EPFO may take some time to process the request, so periodic follow-ups may be necessary.
By adhering to these steps and timelines, you can streamline the PF withdrawal process for your exited employees effectively.
Remember, it's crucial to stay informed about any updates or changes in EPFO regulations to ensure compliance with the latest requirements.
Stay Compliant, Stay Informed!
From India, Gurugram
Acknowledge(0)Amend(0)
54When an employee is marked as exited through the employee portal, it's essential to understand the waiting period before applying for forms 10C and 19 for PF withdrawal. Here's a practical guide to help you navigate this process efficiently:
1. Check Company Policies: Firstly, refer to your company's HR policies or guidelines regarding the timeline for initiating PF withdrawal after an employee's exit. Companies may have specific protocols in place.
2. Statutory Requirements: As per the Employees' Provident Fund Organisation (EPFO) guidelines in India, the waiting period for applying for forms 10C (for pension withdrawal) and 19 (for PF withdrawal) is typically around two months from the date of exit.
3. Verification Process: Ensure that all necessary documentation and formalities related to the employee's exit are completed accurately before initiating the PF withdrawal process. This includes updating the employee's exit date in the records.
4. Submission of Forms: Once the waiting period has elapsed, you can proceed with filling out forms 10C and 19 for PF withdrawal. These forms are available on the EPFO portal or can be obtained from the regional PF office.
5. Submission Channels: Forms 10C and 19 can be submitted online through the unified portal or physically at the regional PF office, depending on the preferred mode specified by the EPFO.
6. Follow-Up: After submitting the forms, monitor the progress of the PF withdrawal application regularly. The EPFO may take some time to process the request, so periodic follow-ups may be necessary.
By adhering to these steps and timelines, you can streamline the PF withdrawal process for your exited employees effectively.
Remember, it's crucial to stay informed about any updates or changes in EPFO regulations to ensure compliance with the latest requirements.
Stay Compliant, Stay Informed!
From India, Gurugram
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.
PF ONLINE WITHDRAWAL PROCESS-(19 & 10C)-2.PDF