My query is: My Basic Salary was 120,600, and the monthly deduction was 1,206. I received an amount for EPF, i.e., (21,518 + 66,630). I am clear on the second part, i.e., 6,630 for pension. Is this first part, i.e., 21,518, also correct? As it includes 14,472 + 7,980 + interest, I think it is not the correct amount.
Please let me know:
- What should it be?
- How do we calculate it, including interest?
I am making this query for more clarification and also providing details for previous discussion. I have given full attendance every month to the employer. I did not take any LWP. I took only earned leave and casual leaves, and it is a part of the company's leave policy.
• I worked from 6th April 2011 to 6th April 2012, i.e., exactly 1 year.
• I did not receive any Form-3A submitted by the company mentioning there is "No" Non-Contributory period/Days (NCP) in the column during the year.
• Is this EL or CL considered to be NCP?
• If not, then please let me know what amount should I receive for Employee Provident Fund if it includes (A+B) AND Interest i.e., (14,472 + 7,980) & interest as it was mentioned in your previous reply.
• My company's EPF office is located in Tambaram, Tamil Nadu, and I am residing in Noida and was employed in the Noida branch of the company.
• My PF a/c No. is TN/TAM/30027/24240. It was settled on 20th July 2012.
• I tried to contact the shared service of the company; however, they did not provide any appropriate response and suggested filling the grievance.
• Even I did not get any satisfactory response to the grievance as well.
I need clarification on the first part of the PF that goes to the Employee Provident Fund. I am clear on the second part, which is the EPS or pension fund. So please review my query and let me know what should be the actual amount for the EPF A/C with interest separately (apart from pension)?
I had filed a grievance twice for the same query and did not receive any appropriate response. I tried to call over the phone on the given number in the grievance for the EPF query. However, no one received my call. I am really concerned about my PF amount.
Please also let me know how I can contact the EPF office for the settlement of PF as I am not able to communicate because the EPF office is located in Tamil Nadu (Tambaram).
Please do the needful ASAP!
With Regards,
Kanchan
Attribution: https://www.citehr.com/425613-reg-pf...#ixzz23teVWjnv
From India, Delhi
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1Please let me know:
- What should it be?
- How do we calculate it, including interest?
I am making this query for more clarification and also providing details for previous discussion. I have given full attendance every month to the employer. I did not take any LWP. I took only earned leave and casual leaves, and it is a part of the company's leave policy.
• I worked from 6th April 2011 to 6th April 2012, i.e., exactly 1 year.
• I did not receive any Form-3A submitted by the company mentioning there is "No" Non-Contributory period/Days (NCP) in the column during the year.
• Is this EL or CL considered to be NCP?
• If not, then please let me know what amount should I receive for Employee Provident Fund if it includes (A+B) AND Interest i.e., (14,472 + 7,980) & interest as it was mentioned in your previous reply.
• My company's EPF office is located in Tambaram, Tamil Nadu, and I am residing in Noida and was employed in the Noida branch of the company.
• My PF a/c No. is TN/TAM/30027/24240. It was settled on 20th July 2012.
• I tried to contact the shared service of the company; however, they did not provide any appropriate response and suggested filling the grievance.
• Even I did not get any satisfactory response to the grievance as well.
I need clarification on the first part of the PF that goes to the Employee Provident Fund. I am clear on the second part, which is the EPS or pension fund. So please review my query and let me know what should be the actual amount for the EPF A/C with interest separately (apart from pension)?
I had filed a grievance twice for the same query and did not receive any appropriate response. I tried to call over the phone on the given number in the grievance for the EPF query. However, no one received my call. I am really concerned about my PF amount.
Please also let me know how I can contact the EPF office for the settlement of PF as I am not able to communicate because the EPF office is located in Tamil Nadu (Tambaram).
Please do the needful ASAP!
With Regards,
Kanchan
Attribution: https://www.citehr.com/425613-reg-pf...#ixzz23teVWjnv
From India, Delhi
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The amount stated here is quite confusing. You mentioned that your basic salary is Rs. 120,600/- (this is your annual basic pay, if I am not wrong), and based on this, your monthly basic salary would be Rs. 10,050/-. From this amount, your PF contribution of Rs. 1,206/- (your share) and 1,206 (employer share) will be deducted. The employer share will be divided into two parts EPF+FPF, totaling 665+541= 1,206 (EPF 3.67% & FPF is 8.33% of either Basic or ceiling wage, whichever is lower).
According to the details provided by you, you have worked there exactly for one year, and your deduction towards PF was Rs. 1,206/-. Following this, you will receive a sum of Rs. 28,944 + interest, which will be divided into two parts as Provident Fund & Pension Fund (22,452+6,492= 28,944).
Therefore, based on all the information you have provided, a sum of Rs. 22,452+6,492= 28,944 should be transferred to your account.
Please ensure that the amount mentioned or received is accurately recorded. If any day in the whole year is marked as LOP/LWP, this amount may not match the PF calculation. Therefore, double-check the amount you have received, and the final amount to be transferred to your account should be Rs. 22,452+6,492= 28,944 (this calculation applies if you have worked for the whole year or 365 days).
Good Luck!!!
Regards,
Nandan Negi
From India, Delhi
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According to the details provided by you, you have worked there exactly for one year, and your deduction towards PF was Rs. 1,206/-. Following this, you will receive a sum of Rs. 28,944 + interest, which will be divided into two parts as Provident Fund & Pension Fund (22,452+6,492= 28,944).
Therefore, based on all the information you have provided, a sum of Rs. 22,452+6,492= 28,944 should be transferred to your account.
Please ensure that the amount mentioned or received is accurately recorded. If any day in the whole year is marked as LOP/LWP, this amount may not match the PF calculation. Therefore, double-check the amount you have received, and the final amount to be transferred to your account should be Rs. 22,452+6,492= 28,944 (this calculation applies if you have worked for the whole year or 365 days).
Good Luck!!!
Regards,
Nandan Negi
From India, Delhi
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I appreciate your response in solving my query. I would like to inform you that I have not taken any leave without pay (LWP) or loss of pay (LOP) throughout the year. As you mentioned, the amount for the provident fund should be correct. However, in my opinion, interest should also be included for the provident fund.
I have marked the correct amount here that I received, i.e., 21518 + 6630. Please let me know the exact amount, including the interest given on it, as I did not take any LOP or LWP throughout the year.
Regards,
Kanchan
From India, Delhi
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I have marked the correct amount here that I received, i.e., 21518 + 6630. Please let me know the exact amount, including the interest given on it, as I did not take any LOP or LWP throughout the year.
Regards,
Kanchan
From India, Delhi
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then you must receive Rs 22452+interest, you can do one thing, go to your companies HR team again ask them for 3A (2011- 2012 & 2012- 2013), then you will get all the mentioned on it. Nandan Negi
From India, Delhi
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From India, Delhi
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With reference to the last email by Nundun Negi regarding my PF A/C TN/TAM/30027/24240, I have sent a request for an E-passbook to the EPF Office. I sent this request on 18/08/2012. However, it is still pending. Can I send a reminder to them? If yes, please tell me the procedure.
I also contacted my company's shared service, and according to them, my contribution to the Employee Provident Fund is Rs. 22,378, which is Rs. 860 less than the actual amount credited, i.e., (14,472 + 7,980) or 12% of the employee and 3.67% of the employer, as deducted from my basic salary, i.e., Rs. 1,206/PM.
The details provided by the company's shared service for the contribution are given below:
Hence, it is quite clear from the given data that in the amount received (Rs. 21,518), Rs. 860 is less than the actual contribution, and no interest was paid by the EPF office for this account.
So, please let me know what I need to do to receive the remaining balance, including interest, from the EPF office.
Please also let me know what the actual amount should be, including the interest if the contribution is Rs. 22,378.
Regards,
Kanchan Agarwal
From India, Delhi
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I also contacted my company's shared service, and according to them, my contribution to the Employee Provident Fund is Rs. 22,378, which is Rs. 860 less than the actual amount credited, i.e., (14,472 + 7,980) or 12% of the employee and 3.67% of the employer, as deducted from my basic salary, i.e., Rs. 1,206/PM.
The details provided by the company's shared service for the contribution are given below:
Hence, it is quite clear from the given data that in the amount received (Rs. 21,518), Rs. 860 is less than the actual contribution, and no interest was paid by the EPF office for this account.
So, please let me know what I need to do to receive the remaining balance, including interest, from the EPF office.
Please also let me know what the actual amount should be, including the interest if the contribution is Rs. 22,378.
Regards,
Kanchan Agarwal
From India, Delhi
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Regarding the matter you mentioned, you have sent a request letter to the PF office, which is good. However, the remaining amount, Rs. 860 plus interest totaling around Rs. 1000-1200, has not been received yet. As you have not received any notice from them regarding your request, please note that being a government organization, it may take time to settle this amount. Continuous follow-up with the organization is necessary to ensure you receive the outstanding amount.
Cost Considerations
The question here is the cost involved in sending request letters and maintaining continuous follow-up. There is a possibility that you may end up spending more than the amount you are supposed to receive. If they are not responding to letters, you might have to visit the PF office in person to settle this matter. Alternatively, you may need to coordinate between your company and the PF office for necessary form submissions to address the incomplete receipt of PF contributions.
I am not suggesting that you should refrain from taking action, but it is important to consider that the process could be time-consuming and may involve additional expenses.
Good Luck!
Regards,
Nandan Negi
From India, Delhi
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Cost Considerations
The question here is the cost involved in sending request letters and maintaining continuous follow-up. There is a possibility that you may end up spending more than the amount you are supposed to receive. If they are not responding to letters, you might have to visit the PF office in person to settle this matter. Alternatively, you may need to coordinate between your company and the PF office for necessary form submissions to address the incomplete receipt of PF contributions.
I am not suggesting that you should refrain from taking action, but it is important to consider that the process could be time-consuming and may involve additional expenses.
Good Luck!
Regards,
Nandan Negi
From India, Delhi
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
Employee Benefits.doc