Dear HR Leader’s, Please refer the herewith enclosed " New PF Rules from 1st, May, 2016 " With regards, Nanjegowda 9945282846
From India, Bangalore
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106From India, Bangalore
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Dear Nanjegowda,
As per 10 Feb 2016 Notification G.S.R. 158 (E), employer's portion can be withdrawn after attaining the retirement age (58 years).
But your picture is showing that if employee's EPS end up with less than 10 years then it is refunded. It has been changed in the Notification G.S.R. 158 (E).
If anything wrong in this above mentioned, please clarify.
Regards
Thirumurugan
From India, Hyderabad
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As per 10 Feb 2016 Notification G.S.R. 158 (E), employer's portion can be withdrawn after attaining the retirement age (58 years).
But your picture is showing that if employee's EPS end up with less than 10 years then it is refunded. It has been changed in the Notification G.S.R. 158 (E).
If anything wrong in this above mentioned, please clarify.
Regards
Thirumurugan
From India, Hyderabad
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Hi sir, Thanks for your guidance, Also i just need to know that if any employee had resigned last year of want to draw pf next month so how much amount he’ll get.. Regards Renu
From India, Noida
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From India, Noida
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Dear Renu,
As per present rule (w.e.f 10 Feb 2016), Employee can withdraw his own contributions + interest portion only.
If Employee go to UAN Portal, they will download his epf E-Passbook. Then he will know very well about his own contributions + interest and employer's contribution.
They eligible to claim his own contributions + interest portion only.
Regards
Thirumurugan
From India, Hyderabad
Acknowledge(0)Amend(0)
As per present rule (w.e.f 10 Feb 2016), Employee can withdraw his own contributions + interest portion only.
If Employee go to UAN Portal, they will download his epf E-Passbook. Then he will know very well about his own contributions + interest and employer's contribution.
They eligible to claim his own contributions + interest portion only.
Regards
Thirumurugan
From India, Hyderabad
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PF WITHDRAWAL RULES.zip
Early PF withdrawal won’t be easy.pdf
Employee Benefits.doc