Dear, Please see the attched Pdf. file. May be this can help someone for knowing and understanding Provident fund related forms and all. Thanks,
From India, Madras
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From India, Madras
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Hi Aneesh,
It would be a great help if you could provide information on the below said issue. Is there a provision for coming out of PF contribution if an employee's basic salary is above Rs 65,000 per month? In such a case, can both the employer's and employee's contributions be paid to the employee? Is there any form that we need to submit for the same?
Regards, Nidhin
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It would be a great help if you could provide information on the below said issue. Is there a provision for coming out of PF contribution if an employee's basic salary is above Rs 65,000 per month? In such a case, can both the employer's and employee's contributions be paid to the employee? Is there any form that we need to submit for the same?
Regards, Nidhin
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Dear Nidhin,
First of all, let us see like this:
If your basic is more than 6500/-, then your EPS will be 541/- or 8.33% of basic, whichever is less. Your PF contribution will be 12% of your contribution and 3.67% of basic by the employer's contribution.
Yes, I know of cases where an employee has left the company just after 6 months and, when he wished to withdraw his PF money, he got full payment from both the employee and employer (keeping in mind your last subscription towards the company). You have to fill out a PF withdrawal form, i.e., Form 19, to withdraw your money. This can be done by submitting the form and receiving the payment through your employer, or you can directly contact and submit the form to the concerned EPF office (if you know your PF A/C number).
If you wish, I can also forward you the format of PF calculation in case of withdrawal. Hope my suggestion clarifies your doubts.
Thanks,
From India, Madras
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First of all, let us see like this:
If your basic is more than 6500/-, then your EPS will be 541/- or 8.33% of basic, whichever is less. Your PF contribution will be 12% of your contribution and 3.67% of basic by the employer's contribution.
Yes, I know of cases where an employee has left the company just after 6 months and, when he wished to withdraw his PF money, he got full payment from both the employee and employer (keeping in mind your last subscription towards the company). You have to fill out a PF withdrawal form, i.e., Form 19, to withdraw your money. This can be done by submitting the form and receiving the payment through your employer, or you can directly contact and submit the form to the concerned EPF office (if you know your PF A/C number).
If you wish, I can also forward you the format of PF calculation in case of withdrawal. Hope my suggestion clarifies your doubts.
Thanks,
From India, Madras
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PF ONLINE WITHDRAWAL PROCESS-(19 & 10C)-2.PDF