M A Khan
I would like to know is there any time limit for withdrawal of PF from a company trust. One employee has resigned and given a full one months notice period and he says that since the PF is with company trust the withdrawing money can be paid immediately alongwith the full and final settlement. Also like to know since he has completed only 2yrs and 10 months of sevice here, is the PF withdrawal amount taxable?
M A Khan

From India, Thana
pon1965
604

Khan,
Advise him to transfer the PF rather than withdrawal. Since he has rendered less than 5 yrs service, the contribution of employer and the interest accrued on his contribution and employer contribution are taxable.
pon

From India, Lucknow
sssg.123@gmail.com
3

Dear Khan,
As we know that it is not benefited for the employee to withdraw his PF amount in short service of 2yrs and 10 months,he should go to transfer the PF amount.In case it is urgent, after giving resignation, it will take 2-3 month to process and PF withdrawal amount to received. Yes,the PF withdrawal amount taxable because of the interest accrued on contribution.

From India, Bhopal
nitinsbyte
My problem is little strange. I have almost 6 Years old PF number of ex service. I worked in Nokia India pvt ltd till 2011. I tried to check my balance via EPF web portal but it shows error in with my PF Number. So probably Nokia was maintaining Private PF trust.
Now i want to withdraw my PF money, but issue is, I don't know how to process in cass of Private PF trust,
Here I also can't ask/check Nokia as the company has been acquired by Microsoft in 2012. Now they have different office/staff etc. I tried to trace process via mails but no reaonse from company.
Personally I have no connections in company now.
So what should I do now to get my PF.
Company is closed/acquired and
Had Private PF trust
Please suggest me resolution. I am not working currently.

From India, Bangalore
pon1965
604

Nitin,
This link may be useful to you
EPFO launches online PF transfer facility for PF trusts - The Economic Times

From India, Lucknow
nitinsbyte
Thanks Pon1965,
For your guidence, but sir I can't find out any process step over there. Also the article states that
"the facility will be available for employees' changing jobs from an exempted establishment (PF trusts) to un-exempted establishment (maintaining accounts with EPFO)"
But in my case I need to withdraw the PF ammount as I an not doing any job since last couple of years.
Please suggest me how or where should I proceed to get information about my employer PF trust when company has changed after merger with another organisation.
Please help me anyone on the forum know some reaolution about my issue.
PS- is there any private agency/agent who provides services in getting struck PF ammount in conpanies?
Thanks,
Nitin

From India, Bangalore
svvijayan
Hi NITINSBYTE,
Have you got your Nokia PF amount/able to transfer to the present PF account? I'm also facing the same issue, trying to transfer my Nokia PF to present PF account. Kindly share if you have any information regardng this. Thanks..

From India, Hyderabad
nitinsbyte
SV Vijayan, Yes, i managed to withdrawal my Nokia PF money. I directly contacted with Nokia office and they helped nicely. Thanks to Nokia,u were great cellphone maker as well as great employer.
From India, Bangalore
RajgopalanDuraisamy
Hi NITINSBYTE, Can you please share the Nokia Office contact that you were communicating to in this regard. Thanks, Raj.
From India, Bengaluru
nitinsbyte
Yes Rajgopal, you can reach Nokia Chennai factory at 044-47119000 Ask them if they can help you. In my case they connected me with some HR over there.
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.