Respected sir/mam pls tell me a employee who worked one or two month can he get the pf amount if he can tell me the rule .
From India, Delhi
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1From India, Delhi
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Dear Mukesh,
You can apply for Form 19. The employee will receive 12% of his share and 3.67% of the employer's share. However, 8.33% of the pension fund will not be given unless he completes a minimum of 6 months. It would be better for you to transfer the PF account so that you do not lose your employer's share of 8.33%.
Please let me know if you need any further assistance.
Thank you.
From India, Mumbai
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You can apply for Form 19. The employee will receive 12% of his share and 3.67% of the employer's share. However, 8.33% of the pension fund will not be given unless he completes a minimum of 6 months. It would be better for you to transfer the PF account so that you do not lose your employer's share of 8.33%.
Please let me know if you need any further assistance.
Thank you.
From India, Mumbai
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Dear Sir, You will get the P.F.amount after submission of claim Form. Better to get it transfer to present account. D.Gurumurthy HR/IR Consultant
From India, Hyderabad
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From India, Hyderabad
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[QUOTE=mukeshipm;1786989]Respected sir/madam,
Please tell me, can an employee who worked for one or two months be eligible for PF amount? If so, could you please explain the rule.
Dear Member,
First, please confirm whether the individual in question was enrolled in PF. While the law states that new hires are automatically eligible for PF from day one, many organizations do not complete PF forms or deduct PF contributions from the first month's salary. If PF deductions were made, including both the employee's contribution and the company's, the employee is entitled to either withdraw or transfer the amount, with the latter being the more beneficial option.
Thank you.
From India, Pune
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Please tell me, can an employee who worked for one or two months be eligible for PF amount? If so, could you please explain the rule.
Dear Member,
First, please confirm whether the individual in question was enrolled in PF. While the law states that new hires are automatically eligible for PF from day one, many organizations do not complete PF forms or deduct PF contributions from the first month's salary. If PF deductions were made, including both the employee's contribution and the company's, the employee is entitled to either withdraw or transfer the amount, with the latter being the more beneficial option.
Thank you.
From India, Pune
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PF Withdrawal New Rules.pdf
PF WITHDRAWAL RULES.zip