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 his notice and does not return to collect his 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%.
Sandeep
From India, Raipur
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1Sandeep
From India, Raipur
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Hi Sandeep!
Nice clarification! I have one question. My organization showed me a total CTC of Rs. 10,000, and now after joining, I got to know that the amount of PF (employer's share) and LTA is being deducted from my salary only, making it about Rs. 8,000 in hand. Is it a legal and fair practice?
Thanks and Regards, Alicia
From India, Delhi
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Nice clarification! I have one question. My organization showed me a total CTC of Rs. 10,000, and now after joining, I got to know that the amount of PF (employer's share) and LTA is being deducted from my salary only, making it about Rs. 8,000 in hand. Is it a legal and fair practice?
Thanks and Regards, Alicia
From India, Delhi
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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, thanks for such clear information. One more thing 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%. But they can claim for 12% + 3.67% amount, so they will be 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?
Regards,
Riya
From India, Delhi
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Regards,
Riya
From India, Delhi
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PF WITHDRAWAL RULES.zip
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