Dear Friend,

Thank you for visiting my Blog. Not all of us were born in a rich family and we always think about retiring as a CROREPATI. Thinking is one thing, have you done anything to achieve that dream?

In order to become rich, you have to invest and do it wisely. For that you need knowledge and ideas. There are a few good books that I have published which you can buy for a nominal price which can help you with that.

They are:

1. Your Complete Guide to Indian Income Tax and Retiring as a Crorepati
2. The Most Comprehensive Financial Guide for Women and
3. Safe Investment Havens of India
4. A Laymans Guide to Insurance in India

To know more about these books, their price and check out a sneak preview, please Click Here...


Best Wishes!!

Anand

Friday, April 26, 2013

All Your Questions about Employee Provident Fund - Answered!!!


In the past few articles in our blog, we had taken a detailed look at the Employee Provident Fund Scheme of India. After reading it, I am pretty sure you would have a number of questions that come up in your mind. The purpose of this article is to try to answer all those questions.

If any of your questions arent available below, please feel free to leave a comment and I would be happy to answer them...

1. Is it Compulsory for the all the employees to contribute to the Employee Provident Fund?

Yes. Anyone who is an employee of an organization that is Registered with the EPFO, has to contribute towards their respective EPF Accounts.

PS: An Employer and Employee can come to a consensus and opt not to contribute EPF if the employee's salary is above Rs. 6500/- per month. However, the employer would have to convince all other employees to agree to this because the employer cannot opt to contribute the employer portion of EPF to one employee and not do so for the rest. So, technically speaking, it is not compulsory but it is in all practical cases.

2. Can I Nominate someone to receive the proceeds of my EPF Account?

Yes. Each member has to make a nomination against their EPF Accounts, to receive the amount accumulated under it, in the event of his/her death. Usually it is the Spouse/Children for married individuals and Parents for unmarried people.

3. Can I Nominate my Brother or Sister or any of my In-Laws for my EPF Account?

No. Only Spouse, Children and Parents can be nominated as receivers of the Proceeds of our EPF Accounts.

4. Can I Nominate more than one person?

Yes. When you nominate multiple individuals, you need to mention the % share each individual must receive. If that is done, the amount will be distributed accordingly.

5. If one does not have any family, what are their options?

If an individual has no family he/she can nominate any person or persons of his choice but once they subsequently acquire a family (Marriage) such nominations become invalid. The invidual has to make fresh nominations of one or more persons belonging to his/her family.

Ex: Let us say Mr. X was brought up in an Orphanage and has no family. He finished is studies and joined ABC Private Ltd. as an employee and opened up his EPF Account. As he has no immediate family, he nominated his best friend Mr. Y against his Account. After 5 years, X fell in love with Z and eventually married her. As a result, his earlier nomination of Mr. Y became invalid and he has no choice but to nominate Z as the receiver of his EPF corpus. In future if X and Z have kids, X can include his kids too as nominees.

6. When does an employee become eligible for the employee pension scheme?

For an employee to become eligible for Pension fund, he/she completes 10 years of continuous service.

7. Does the 10 years of continuous service refer to - working in the same company?

No. 10 years of continuous service refers to keeping your EPF Account and EPS Accounts open and active for a period of at least 10 continuous years. Let us say if you switch your job from Company A after completing 7 years of service to Company B, you need to transfer your EPF and EPS Accounts to your new job. If you do so, after 3 more years, you will satisfy the 10 continuous years criteria. In case you opt to withdraw your accumulated corpus, you have to start afresh in company B and work for 10 more years to be eligible for EPS.

8. Do contract staff need to open an EPF account?

No. The EPF account is only for permanent staff of the company. Contract staff, Temporary staff and other people who arent on the permanent payroll of the company are not covered by EPF

9. Can I withdraw my EPF money anytime I want?

Yes. However, you need to satisfy a few conditions in order to be eligible for withdrawal. Read the article titled Can I Withdraw Money from My Employee Provident Fund (EPF) Account? to learn more about this.

10. Can I withdraw my EPF corpus when I resign from my Job?

Yes and No. Actually speaking it is illegal to withdraw your entire PF corpus when you switch jobs if you are going to join your new job within 2 months of resigning from your current job. Many people manage to withdraw their PF corpus when they switch jobs and join the new company immediately. Though it is possible, it is actually illegal and has to be avoided.

When you move from one job to another without taking the 2 month break as stipulated by the law, you need to get your PF Account transferred. Read the article titled Can I transfer my PF Account to my new Employer? to learn more about this.

11. Is PF Withdrawl Taxable (In case of withdrawal of the entire corpus)?

Yes and No.

If you are withdrawing your corpus after at least 5 years of continuous service, the amount received is not taxable.
If you are withdrawing your corpus before complete 5 years of continuous service, the amount received is fully taxable. The amount received will be added to your total income for the financial year and taxed according to the prevailing tax slabs.

12. How long does a usual EPF Withdrawl take?

Usually the processing time is around 2-3 weeks but in reality you will receive the money only after around 90 days. The reason is because - your previous employer cannot submit the withdrawl request until 60 days pass after your last date with them. The EPF office takes another 2-3 weeks and eventually you will get the money around the end of the 3rd month.

13. How will I receive my EPF withdrawl money?

Earlier people used to receive Postal Orders or Demand Drafts. These days people are asked to submit their bank details and the money is credited electronically (Through ECS)

14. How will I know the current accumulated EPF corpus?

Most large organizations generate EPF Account statments on a regular basis (Once a quarter or once a year) and share the same with their employees. One of my old employers in India, had an intranet website where I could login and check my running EPF corpus value on a monthly basis. Alternately you can visit your nearest EPF office and find out your EPF balance by submitting your EPF Account number along with your identity proof.

Recently, the EPFO has launched a website where people can check their balances online. Pls refer to the article titled Breaking News for EPF Account Holders in our blog for details on how to check your EPF Account balance online.

15. What is the minimum number of permanent employees an organization must have, in order to open EPF accounts for its employees?

At least 20.

16. What happens if, a company had more than 20 people and registered with EPFO but at some point in time in future, the number fell below 20?

Any establishment which has been covered under the Act once shall continue to be governed by the Act even if the number of persons employed by them at any time falls below 20.

17. Are Trainee employees covered under the EPF Act?

Yes, a trainee would be considered as an employee as per the Act but in case the trainee is an apprentice under the Apprentice’s Act then he/ she will not be considered as an employee.

18. What are the details I need to know in order to view my EPF Balance online?

You need to know your Employee Provident Fund (EPF) Account Number, Name (As per in EPF Slip/Statement) in order to use the online facility. First you need to register and then you can view the details.

19. What can I do, if my PF withdrawal or transfer request is stuck and is not getting completed?

The EPF Organization has a Grievance Redressal Mechanism in place. You can submit an online complaint and you will get a response within 30 days. Refer to the article "EPF Grievance Redressal" in our blog to learn more about how to get our grievances addressed.

20. Does the EPF Organization come under the Right To Information (RTI) Act?

Yes. All Government organizations, including the EPFO fall under the RTI Act. Refer to the article about EPFO and the RTI Act by clicking here

21. What would happen if my Employer fails to remit the EPF contribution (Both employee and employer share) after deducting it from the employees salary?

Deducting EPF from an employees salary and not remitting it to the EPFO is considered a Criminal Offense. If found, the regional PF Inspector can even arrest the employer.

22. Could the employer be punished in case the remittance of contribution by him is delayed in a Bank or post office ?

No. The Employer cannot be punished or penalized in case there is a delay in the remittance of the contribution on account of delay in Bank or post office.

23. Can I contribute more than 12% of my Basic Salary as PF?

Yes, you can. It is called "Voluntary Provident Fund or VPF". Any additional money (beyond the minimum 12%) you wish to accumulate in your EPF Account must be contributed via the VPF scheme. The money will earn the same interest as the EPF contribution and is subject to all rules and regulations that are applicable to EPF. Remember here that, any additional contribution you make will not result in an equivalent contribution from your employer. The employer's share of PF contribution will be limited to 12%

24. What is the current prevailing interest rate offered on the PF accumulations?

8.6% Compounded on an yearly basis. You can take a look at the Historic Interest Rates Offered on EPF to know how the current rates fare in comparison to history.

If you have any more queries about EPF please feel free to leave a comment in this article and I will be glad to answer them...

196 comments:

  1. Hi Anand
    My husband have worked with a firm for the last 8 yrs...nw we are claosing the pf account and withdrawing the money.so he is not eligible for the pension right? Thn what about the employers contribution to the pension scheme.will him get it?

    ReplyDelete
    Replies
    1. The amount you get from EPS is not based on contributions from your husband or the employer. It is based on last drawn basic salary and no. of years of exp.

      Read this: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Delete
  2. Hi Anand,

    I Have worked in a organisation for 8 years i.e May 2005 to August 2013 with a PF Account. I had taken a break for 4 months now i have joined in a company which is not registered with EPF if i work for the current company for another 2 years and join a company later with EPF and complete 10 years service as per EPF will i be eligible for Pension pls suggest my focus is on Pension.

    ReplyDelete
    Replies
    1. Anonymous - Yes, you wil be eligible for pension if your PF and EPS accounts are held active for a consolidated period of at least 10 full years. In this case, you need to get a scheme certificate from your old employer and submit the same to your new employer (who you will be joining after 2 or 3 years). Once you do that, and finish the transfer of EPF money formalities, your experience from a PF and Pension perspective will continue on from where it was left when you resigned in August 2013. And, when you retire you will be eligible for pension via the EPS Scheme if you can complete the formalities.

      Read this article about EPS: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Delete
  3. hi,
    i left my previous company in December 2013 without giving proper intimation & i didn't get any relieving order from my previous employer. at present(march 2014) i have joined in new company..is it possible to transfer my pf account to present employer without the help of previous employer? or do i need to get any signature from my previous employer for transferring of my pf account?

    ReplyDelete
    Replies
    1. Anonymous - read this article. It will answer your question

      http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Delete
  4. Hi Anand,

    Hope you will help me out, It's more then one year since i am trying to get my PF from my old employer. I worked in a organization from 06-Sep-07 to 07-Sep-09. Right now i am doing advance studies in bangalore and i am jobless, So i applied for the EPF through my company by sending them all doc's. But they didn't fwd the doc's to EPFO, and told me that it's under process. In Oct-13 they said the form has been rejected after taking so much follow-ups. So i sent all the documents again and they submitted the documents on Feb-28-2014, And in conformation they sent me a mail in which there was a stamp of receiving from EPFO dated 28th. And again now it's more then one month i didn't got any update regarding the EPF neither on EPF nor i got any message, So i made a query in EPFO grievance portal, In reply they are saying they haven't received any claim form. But i have the scanned receipt ( Form with the EPFO stamp) i sent them the receipt but got same reply. Now employer is saying they have submitted and EPFO is saying they haven't received it. I am in Bangalore and my EPFO is in DELHI, I am unable to understand what to do and how to the money. Hope you will help me out someway.

    Thanks & Regards,
    Shivesh Kumar

    ReplyDelete
    Replies
    1. Shivesh - First try to raise a Grievance with EPFO and submit that document with EPFO Stamp as per the steps here: http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      If that doesnt work - use the RTI and check what is happening as per the stps here: http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Sorry for the trouble but since it is a government department, this is how you can proceed. Alternately you can visit the delhi EPFO in person but since you cant do that, this is the best alternate. If neither of these works, then you have no choice but to visit delhi pf office to sort things out.

      Delete
    2. Thanks for the help, I will file an RTI for the same.

      Delete
  5. Hello Anand

    Hope you will help me.
    My name is Gaurav Chandra, I worked in an organization for bout 1 and a half year and had a good amount of PF. But when I left teh organization, some issues were created, due to which I was absconded and there ia a recovery amount on my name. I paid my basic salry to obtain ex xertificate. Is there a way to get my pf....i need it...or can i get it without employers intervention in any way......

    ReplyDelete
    Replies
    1. Gorav - Are you presently employed? If so, you cannot withdraw the money, you need to transfer the money in ur old pf acc to your present account.

      You will need to get in touch with our old employer to get his concurence because when you initiate the transfer their signature and approval will be required. Check out this article: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      There is an option in this article which you can use to get the money transferred without interference from your employer but that is only applicable if your company is closed out or shut down

      Delete
  6. I left Organization in 2008 and still I don't receive the PF ...I have filled the PF form and send to organization...even in my PAY Slip they don't give the PF number ..but PF was cut by the organization ...so what to do ???

    ReplyDelete
    Replies
    1. Try contacting your company again. If they are not cooperating try raising a grievance and if that desnt work try the RTI

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  7. Thanks, I have no plans of working further,even then I can't withdraw my EPS.

    ReplyDelete
    Replies
    1. Yes, even then you cannot. You need to wait until you hit the retirement age. Read this article: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Delete
  8. Hi,

    Do we get any receipt or any kind of proof to know whether my current organisation has submitted Form 13 to EPFO office?
    My PF transfer is stuck since 2010 and not yet happened.Its not getting reflected in my E-Passbook of PF as well.

    ReplyDelete
    Replies
    1. Yes, you should get a notification. Try contacting your old office and get the details/dates of when it was submitted.

      If that doesnt work - Try raising a grievance or filing an RTI

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  9. hi, i left my job in 2011 but still my employer not clearing my provident fund. plz suggest me some solution on same. i had given them my signature cheque and form 11 something but still not got the any answer from them..

    ReplyDelete
    Replies
    1. Try raising a Grievance first and if that doesnt work, use the RTI.

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  10. Hi Anand
    Can a PF account to be transfer in company A to Company B.....without the taking help of company A?

    ReplyDelete
    Replies
    1. It depends Rakesh. Read this article: http://anandvijayakumar.blogspot.com/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Delete
  11. Hi,
    I understand that if we withdraw pf money after 5 yrs of continuous service, this amount is non taxable. I completed 5 yrs and 6 months of service. However, i have a gap of 1 month in this service. So, my serivce is not continuous but my PF contribution has crossed 5yrs. so, in this case also will my pf amount be taxable. Thanks in advance for your reply

    ReplyDelete
    Replies
    1. No, I dont think so. If your PF Account received contributions for at least 60 months (5 years) then your withdrawal will not be taxed.

      Note however that you cannot/should not withdraw while switching jobs. You can do so only if you are taking a break of at least 3 months and will be unemployed during that period.

      Delete
    2. Thanks for the reply. I am presently employed. my brother's marriage is in 2 more months. will I be able to withdraw my PF amount showing my brother's marriage as reason.

      Delete
    3. Mahesh - Read this article. You can find the legit reasons for which you can withdraw from your PF, how much you can withdraw and the eligibility criteria

      http://anandvijayakumar.blogspot.com/2010/12/can-i-withdraw-money-from-my-employee.html

      Delete
  12. Hi Anand,

    I am working a Delhi Based Ltd company from past 7 years, I joined in July - 2007 after 06 months got confirmed and after an year increment.

    Please provide details what all benefits of PF i can ask for, or if anything else i can ask for,

    As the company has never informed about any employee rights.

    Thanks
    Kavish

    Thanks in advance for your reply.

    # I read in previous comment that an employee is eligible for pension after working for 10 years, Does it implies in every pvt or ltd company.

    ReplyDelete
    Replies
    1. Kavish - The benefits you can avail vary from company to company and frankly speaking I cannot generalize on the same. Read your job offer letter to see the benefits/rights you have, as an employee.

      If your company had PF facility, they would have most likely started a PF Account in your name already. If they have not, I highly doubt if they offer PF facility. you can talk to your HR Department and check if they offer EPF and EPS benefits.

      The pension term you read refers to Employee Pension Scheme - EPS, which is a part of the EPF benefit. Unless you are explicitly enrolled into EPS and make contributions each month, you will not get any pension. Read this article: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  13. Hi Anand,

    I worked in company A for 7 months in 2006. Then left it to pursue further studies for 2 years. After studies were over, I worked in company B for 4 years. I have now left company B (unemployed for the last one month). Please confirm if I can claim PF from company A as it is quite an old one. I am aware that one has to wait for 2 months after leaving the company which I am sure would apply in case of company B. However, not sure about company A.

    Regards,
    Jimmy

    ReplyDelete
    Replies
    1. Jimmy - Yes, you can claim. Usually people fill-up the forms and then the company files/submits them to the PF Department after 60 days of your last working day.

      Delete
  14. Hello Anand,I submitted my PF claim back in June & have the confirmation from my previous company that it was dispatched to the epfo for processing in June.However it has been more than 3 months /90 days for my submission still have not heard anything about my money. When I check the epfo link online it says NO RECORD FOUND> , Last update I got from company is that it is under process.
    Last time I got my PF money on time exactly like in 90 days after submitted my claim from the same company like 2 yrs back. This time it is taking long time than the regular 90 days. Please help as to what I have to do apart from waiting.

    ReplyDelete
    Replies
    1. Did you get any notification that your pf withdrawal request was processed?

      Read these two articles - they can help you.

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  15. Dear Sir,

    My doubt is should the 12% for be calculated in Basic only or Basic + other allowances ( Conveyance,Medical,Eductationetc.)

    Thanks in advance

    ReplyDelete
    Replies
    1. If you are getting something called Dearness Allowance (which usually govt employees get) you can add it to the calculation for 12%. Otherwise only Basic

      Delete
  16. Hi,
    As per Employees Provident Fund Organisation circular dated 28/08/2014, Provident Fund has to be compulsorily deducted and deposited for employees whose Basic salary is below Rs. 15000/- . Before the ceiling was 6500/-. At the time of joining my basic salary was more than 6500/- so there was no deduction in salary neither co. told about any deductions for PF.
    Now my co. is saying that our salary will deduct but applicability of provident fund scheme will not affect our current CTC , as employee as well employer contribution is included in our current CTC. Both the contribution will be deducted from our salary and will be deposited in our PF account.
    We are surprised how they can deduct employer contribution from our salary. They haven't told about any PF contribution at the time of joining and also it is not mentioned in our joining letter and salary slip.

    Pls tell, can they do like this...

    ReplyDelete
    Replies
    1. Ram - most private sector companies mention even the employer contribution as part of the total ctc package offered to its employees. however, this is explicitly mentioned in the job offer letter. If not mentioned, they must at least offer some sort of documentary proof/evidence to their employees to explain this decision to add employer contribution of pf also to the CTC.

      Please consult a good lawyer specializing in labor laws if you want expert legal opinion on this. As far as I know, this is not illegal and many companies do it.

      Delete
  17. Hi Anand,

    My basic salary is 12000 Rs\-. Because of new rule, my PF contribution is increased (previously it is 780 Rs\-). At present how much I need to pay?

    Thanks,
    Sai

    ReplyDelete
    Replies
    1. For 12000 rupees basic it should be 12% - 1440

      Delete
  18. It is possible employer deduct the both contribution from employees?

    ReplyDelete
    Replies
    1. if the job offer letter explains that both employee and employer pf contribution will be part of your CTC - then yes.

      Delete
  19. I had worked for a company SITA world travels 25 years back for 2 years. During this time PF was regularly deducted from my salary. However after leaving the company I had been in various locations and as such had not been able to pursue for withdrawl. Now I finfd that the company has been taken over by some other company with the same name. I do not have any details like PF number or staff no. The company is alsoi not providing the details. Is it possible to get my PF amount by any means. Please advise

    ReplyDelete
    Replies
    1. Hi Bobby,
      yes, technically you should be able to withdraw the money but without your staff number or pf acc number it is practically not possible for anyone to help you. Do you have any sort of proof for employment that you worked for that company so long back? IF so, you can take that to the regional pf office (preferably in the city where you worked) and inquire. They may be able to help. But, dont get your hopes high because the acount has been inactive for 25 years and there is no rule or provision about accounts inactive for such a long time.

      Delete
  20. Hi,

    PF Nomination:
    Can i nominate my sister or parents 100% even when i have a wife and a kid (divorce pending)

    rgds

    ReplyDelete
    Replies
    1. Theoretically - YES. The account holder can nominate whomsoever he/she wants.

      But, legally the spouse usually can stake a claim on her husbands assets even if she has not been explicitly nominated. In your case, maybe you can change the nominee info post the divorce.

      Delete
  21. can an employer view the pf account details of another employee of other company with just the pf number?

    ReplyDelete
    Replies
    1. Actually No. But, it is very easy for an employer to run a background check including pf account history through 3rd party agencies. they may not be able to view your account balance but at least whether you had an account or not - can be checked.

      Delete
  22. Hi Anand Sir,

    First of all I would like to thank you for the excellent help you are providing to people like me.
    Please help me sir.
    Sir today i ask for my PF balance amount on EPFO website. They send me a SMS. M sharing SMS details with you here below:

    EE is Rs 11675
    ER is Rs 3265
    Total becomes Rs 11940
    As on 20-09-2014

    I joind my company on 15-09-2010 and left the job on 15-12-2013. Means i worked continuously for around 38 months. My company HR department is saying that i will receive my PF probably by this month end.

    So my question is how much total amount i will receive in my bank account?
    Will i get Rs 11940 or i will get more amount than this? Because as per my knowledge EE is equal to ER. So i should get more than Rs 11940.

    Please at least give me an approx idea of total amount i will receive in my bank account.

    I have searched Google a lot but didn't get any satisfactory answer.

    I will be really thankfull to you.

    My what's App no is: 9855303568
    It would be great if you will text me on my what's App account or if possible please just give me a miss call on my cell I will call you back myself.

    Please send me a reply mail on my I'd:
    ajaykharar@gmail.com

    Thanks and Regards:
    Ajay Goel

    ReplyDelete
    Replies
    1. Ajay - Read these 2 articles:

      http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html
      http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  23. Hi sir,
    I worked in an organisation for the past one year. But later i decided to continue my studies. So suddenly i quit my job without resigning properly. So am i eligible to get my PF amount? If so, how and where can i get?

    ReplyDelete
    Replies
    1. Yes, you are eligible to withdraw your pf money but you cannot do it without your company signature and attestation in the pf withdrawal forms. So, you should first contact your old employer and come to a compromise. then you can ask them to sign your pf withdrawal forms. Once done, the forms can be submitted in the pf office to get your money

      Delete
    2. But it's very difficult for me to compromise them sir. Since i quit without prior intimation, they all are very angry towards me sir. Anyway thank u so much for your valuable information sir.

      Delete
  24. Hello sir,
    I have worked for 7 months in an organization. Now i am withdrawing my pf into my bank account. My balance shown by epf website is EE amount = 3950 and ER amt 1214 as 10-10-2014 (accounts updated upto 31-03-2014).
    Sir how much amount I will get in my bank account? Some people said that PF amount comes in two parts in bank account. Its true?

    ReplyDelete
    Replies
    1. You will get the total of EE Amt + ER Amt in your bank acc.

      No, PF Amount does not come in 2 parts. The 2nd part is probably the EPS withdrawal that your friends are talking about

      Delete
  25. Dear Sir,
    I have a Question...

    One of my Client has registered to ESI/PF just a week back.., they were running a proprietorship firm before and same firm they converted to Partnership firm in FEB-2014. So is it possible that they can pay ESI/PF for last year Sep-2013 onward's..??????

    ReplyDelete
    Replies
    1. Pls consult the regional pf office. I am not aware of rules/laws from an employers perspective.

      Delete
  26. Hi Anand,

    My Full name is Nikhil Rajendra Patil.
    My EPF account with current employer is with Name 'Patil Nikhil Rajendra' (i.e. Surname first) (under Karnataka office)

    My EPF account with previous employer was with name 'Nikhil Rajendra Patil' (under Andhra Pradesh EPF office)

    I recently got my UAN and created my account, so my current EPF account got linked with name as 'Patil Nikhil Rajendra'
    Now there is option to link previous accounts. But when I do it throws error that Names do not match.

    Query 1 >
    I wanted to know which of the above name was wrongly registered? Because I remember entering the name correctly in both of the cases while filling up the EPF forms.

    Query 2 >
    Which office should I contact in order to rectify this?

    ReplyDelete
    Replies
    1. Hi - Whatever is set up under the current UAN is the right one and the one that you will use moving forward. You would need to get the name updated in the old EPF Account and then initiate the transfer.

      Delete
  27. Dear Sir,

    I have worked 20 months for a company and my EPF deducted as

    490 for 10 months, 490 x 10 = 4900
    780 for 10 months, 780 x 10 = 7800

    Total my contribution is 12700 and same amount should be employer contribution so total amount should be 2500 + Interest.

    But i got only 20500, is it the right amount..? or should i talk to my employer.



    ReplyDelete
    Replies
    1. Hi - Did you read this article? http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      Your employer contribution does not fully go into EPF. It gets split. and only a part of it goes into your PF. Read it, i dont think the amount you got is wrong.

      Delete
  28. My father name in pan card is different and in PF account is different but my nominee is my spouse will there be any issue pls suggest

    ReplyDelete
    Replies
    1. Sorry, I did not understand the Q clearly. Are you saying that your father name is mentioned differently in your PF Acc and PAN Card? If so, then there is definitely a possibility that your withdrawal may encounter issues if you are asked to provide identity proof esp. the PAN Card.

      Delete
  29. Hi Anand

    I have opted out of PF few years back and withdrew the accumulated amount. Can I join back the PF now ?.

    Regards

    ReplyDelete
    Replies
    1. Yes, if your employer has that facility, sure. But, once you sign-up/enroll, you cannot stop as long as you are employed with the company

      Delete
  30. Hi Anand Sir,

    Thank you for taking your time out for helping us with our queries.

    I worked with an MNC from July 2011 uptill April 2013-22 months . I have remained unemployed since then.

    Will my wait to withdraw PF until July 2016 make sense -( for completion of 5 years for tax exemption) - or is it only for 'continuous service' that it makes a difference?

    Regards

    ReplyDelete
    Replies
    1. Only continuous service. Even if you stay unemployed for 10 more years withdraw in 2025 the amount will still be taxable

      Delete
  31. Hey Anand,
    I do not use any middle name. But during opening of the PF account my company added my Father's name as my middle name. Can it be a problem for transferring or Withdrawal of my PF ??? I wanted to know whether middle name is compulsory to use or it is optional during the opening of the PF account???
    Suppose if in case a person do not use surname and Middle name than what he should use as middle name and last name or can you tell me if it can be left alone.

    ReplyDelete
    Replies
    1. Hi - Using a middle name or a last name is entirely the persons discretion but once you start using a certain middle or last name, you should be consistent otherwise you will face issues while withdrawal or transfer.

      Delete
  32. Dear Sir,
    Please reply to my question ,I worked in an organization for 12 years.I had EPF deducted.After 12years again I joined back in the same organization, my EPF was given from the same month in the same account number and it was continued. Now Iam eligible for pension,so is there any problem in getting ?Though I have not joined anywhere in this gap of 12years.Iam already 6o running my employer has asked me to continue and he is giving me EPF too.
    Awating eagerly to your early reply.With Regards.

    ReplyDelete
    Replies
    1. Yes, anyone who worked for more than 10 years is eligible for pension (under EPS) but you cannot get it while you are employed. You should get retired first.

      Delete
  33. Hello sir,

    I have resigned from my company in June 2014 and applied for PF in this September. Few days
    back i got a message from EPFO stating your PF is
    under process but yesterday i got
    another message from them stating "your PF is rejected. Rejection letter is under dispatch".

    What would be the possible reasons for rejecting my PF sir?
    What do I need to do now?

    Kindly reply..Thanks..

    ReplyDelete
    Replies
    1. Hi - The letter will tell you why the request was rejected. Wait for it and then contact your old employer to rectify the situation and resubmit a request.

      Delete
  34. Hi Sir,

    I left the company in September 2009, i checked today my PF account its showing in operative account.

    Is it possible to claim the amount, please help me with that

    ReplyDelete
    Replies
    1. Yes it is claimable. IF you are working now, you can get it transferred to your current pf account. If you are unemployed, you can get the money withdrawn.

      Eitherways - contact your old employer and submit the requisite forms

      Delete
  35. Hi Anand Sir,

    I had worked in the same organisation twice, 1st time Duration:18-Nov-2010 to 9-Dec-2012 and 2nd time Duration:Sep 12, 2013 to Aug 01, 2014. I am currently unemployed as on 27-10-2014. I am searching for jobs and possibly by end of November i will get a Job. Can I apply for PF withdrawal now i.e. within a week. Is it allowed as per EPFO rules.

    Thanks
    Vijay

    ReplyDelete
    Replies
    1. No, it is no allowed. You can only withdraw if you are unemployed for at least 3 months between jobs

      Delete
  36. Hi Anand,

    The photo id proof address and current addrss should be same ? I dont have any id proof for my current address.Is it an abstacle to wiyhdraw my pf?

    Thanks,
    asvitha

    ReplyDelete
    Replies
    1. Yes, it should be same otherwise there will be problems when you try to withdraw...

      Delete
  37. I have an EPFO account which is lying inoperative since 2007.

    Is there any way to get my money back? If it is transferable to my current EPF account, can you please guide me on the process involved to transfer the same?

    Thanking you in anticipation.

    ReplyDelete
    Replies
    1. Yes, you can transfer that pf acc to your current pf acc. Read this: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Delete
  38. Hi Anand Sir,

    I have applied for PF 2 months back and I got a message on 23rd October stating "your PF is rejected. Rejection letter is under dispatch"but till now I did not get any letter/information and I have made contact to HR-he said unless and until we receive the letter we cannot say anything. I have submitted a SBI cancelled cheque without my printed name on it (appears only my a/c number).

    Is it mandatory to submit a cheque with my printed name on it? Is it one of the reasons for cancelling my pf?

    In how many days will I get the dispatch letter?and do I need to apply again?

    Kindly reply to my queries.. Thanks.

    ReplyDelete
    Replies
    1. Unless you see the letter, all these discussions are pure speculation and I cant really comment much. That letter is usually sent via normal post and will take about 2-3 weeks to reach you. Wait for it and then check why it got rejected

      Delete
  39. Hi Anand,

    My name in the current EPFO account is "NISHA IYER", whereas my pan card has "NISHA KRISHNAN IYER" and bank account has "NISHA K IYER".
    I want to know if I will face any issues while withdrawing the pf amount. What additional documents should I provide for the same?

    ReplyDelete
    Replies
    1. Definitely YES. Take an ID proof (like Passport or PAN) and then update your EPF and Bank account names to match that. If you dont do this, there is a very high chance that your transfer or withdrawal request will get rejected

      Delete
  40. Dear Anand,

    I have submitted farm 31 to withdrawal my pf and the status shows as follows from beginning,

    Claim ID : BGBNG141000016525
    Status : CLAIM FORM 31 FOR PF ADVANCE FOR MEMBER ACCOUNT NO BGBNG00423570000019166 HAS BEEN RECEIVED ON 15.10.2014 IS UNDER PROCESS.




    * * Data available since last six months. * *
    * * BANGALORE data availaible from 09-05-2014. Last updated on 04-11-2014 at 03:46 am * *
    * * Approval Details on PPO and Scheme Certificates will be made available soon.. * *

    How long it takes to get the money into my account?
    Is there any other way to track the status step by step?

    ReplyDelete
    Replies
    1. About 6-8 weeks to get the money.

      As of now - no there is no way to track this. You will get another intimation (sms or mail) once the funds are dispatched to your account

      Delete
  41. Hello Anand - Thank you for creating this blog and a list of FAQs it is very useful. I had a question on my PF withdrawal. I have resigned from my previous company more than 3 years back and have been working outside India since 3 years. I had submitted my PF forms during resignation for withdrawal but the forms were rejected due to some reason as per the information I have from EPFO. Now my bank account in India has been inactive since 3 years and has been blocked due to inactivity. I tried resolving my problems with bank from here but they want me to come to the bank and give them my ID proof and other details. My questions are:
    - Can I complete the forms from US and send the scanned copies to my friend in India who is working with the same company for withdrawal?
    - Is it necessary to have a bank account for PF Withdrawal. Can I request withdrawal into somebody else's account? Or is there an alternate way that I can use to request the payment (like money order as it was done earlier)?
    - If money order is an option, can I use any address or the address has to match with the information in my employers directory?

    Appreciate your help! Thanks.

    ReplyDelete
    Replies
    1. Hi,
      Answers to your Q's:
      1. Being able to visit in person and fill-up forms, sign + submit is the best option to ensure nothing is missed. The forms would have to be submitted in Originals in-person. You can try the courier of filled & signed forms to your friend who then gives to the company but scan copies will not be accepted

      2. Yes, bank account is mandatory and the account name in the bank must match EXACTLY with the name in your PF Account. Requests to credit to other peoples accounts will be Rejected for sure

      3. The only alternate option is cheque. The Cheque will be sent to the address that is registered with EPFO. If you want it sent to a new address, you would have to show current residential address proof to the place where you want the cheque sent. These days I heard the cheque option is not entertained and only direct credit to bank account option is accepted. You can check/inquire about this.

      Delete
    2. Thank you for your response Anand, appreciate your help.

      Delete
  42. i registered for PF as employer and only one Challan has paid. then what to do

    ReplyDelete
    Replies
    1. Sorry, I am not the best person to advise from an Employers perspective. Pls consult the regional EPF Office where you are registered

      Delete
  43. Hi Anand

    My name per company records and payslip is Deepthi Krishnan. But, as per passbook it is Deepthi K. Will this cause a problem? Also, do I have to submit the front page of the passbook or a cancelled cheque leaf of the account?

    Please reply to my two questions ASAP as I am planning to apply for my PF soon.

    Thanks in advance ��.

    ReplyDelete
    Replies
    1. Hi - usually if the Initial is expanded from Deepthi K to Deepthi Krishnan, there should be very little issues but it is always a good idea to match the name in your pf acc and your bank acc. Visit your bank and ask for name to be updated. They can do that easily (if you have an ID Proof to match the name Deepthi Krishnan)

      Yes - you need to give a cancelled cheque when you withdraw. This is for the bank to verify he name and acc number. So, if the names match, the withdrawal becomes a lot easier than when it does not.

      Delete
  44. Hi Anand,

    This is Ashok, I have been working since Dec 2005

    S.no Company Tenure
    1 A December 2005 – October 2007
    2 B October 2007 – August 2010
    3 C Dec 2010 – September 2012
    4 D September 2012 – till date

    Every time my PF amount is transferred to next company A->B->C->D. Almost for 9 years I have been working.

    As you see after 2nd company and before join 3rd company there is a gap of 3.5 months.
    In that case can you please let me know is my PF amount taxable?

    ReplyDelete
    Replies
    1. Hi - No, the break does not matter when you transfer the PF. As long as the total experience of all the companies where you did the transfer is greater than 5 years, the withdrawal is not taxable

      Delete
  45. HI Anand,

    I recently quit my job(worked for 2yrs 3months) and now I am pursuing 2 yrs full time PG course.I believe I can withdraw my EPF since I am unemployed.
    Please advice me
    -->If I should withdraw the PF account or should I not
    -->What are the consequences of withdrawing and abstaining from withdrawal?
    -->Will it be taxable if I withdraw?(taking into consideration I am withdrawing before completion of 5 yrs & I am a student)

    Thanks in advance

    ReplyDelete
    Replies
    1. 1 - Withdrawing or not is your choice my friend.
      2. By withdrawing you will incur tax liability because the money withdrawn is fully taxable. By keeping the money in the account or extended periods without activity, you risk the chance of someone gaining access to the funds. Usually - such cases are pretty rare but still there is a chance. Plus, when you actualy take up a job 2 or 3 years later, getting this money transferred over will be very hard.
      3. Yes, FULLY TAXABLE. It does not matter why you withdraw or what you do after withdrawal. If you withdraw before 5 years - the money is taxable.

      Delete
  46. Hi Vijay,

    I applied for my PF today after waiting for 2 months (since the relieving date). Relieving date was 5 Sep, 2014. I worked in Company A for 4 years. I read somewhere that one can't withdraw PF of an earlier job if one is working or has worked within 2 months of the relieving date. Is it true?

    I recently did a contract job of 1.5 months (from 21 Oct, 2014 - 28 Nov, 2014) in Company B. So, I am now unemployed. However, my bank statement for the last 6 months (one of the documents I submitted today for PF claim) shows the salary I got from Company B on 28 Nov, 2014. Will that be grounds for rejection as the EPF office doesn't know I am still unemployed?

    ReplyDelete
    Replies
    1. Jimmy - Usually, if the person is unemployed at the time the withdrawal request is placed, it should be fine. Did that contract job have PF Facility? If so, I would recommend you wait for 3 more months before submitting the withdrawal request. You are eligible to withdraw if you will not be working for at least 90 days from your last working day.

      Delete
  47. Hello Mr. Anandji
    I was working in an organisation. From which i resigned. I had applied for my PF withdrawal f. All the formalities were completed. After two month i checked with the online status it said that the claim is under process. After trying for six month and same message, i approached the EPF office when it was discovered that my bank account was wrong and the money was credited to some other persons account. and he has withdrawn the amount. The PF gave me letter to approach the bank. When i Approached the bank the account who was credited with the amount had only 13,000 bal. The bank have told me that the account has been freezed. Again i approached the EPF office where they told me that i will get my claim settled only when the bank recovers the money. I would like to know on no fault of mine t I am being denied my hard earned money. what should i do. Please help me.

    ReplyDelete
    Replies
    1. Hi - Since you mentioned the wrong account number you cannot really say that for no fault of yours with the EPF Office because they did everything by the regulations and sent the money to the account mentioned. Anyways - you can try chasing the bank to get the money recovered and consult a good lawyer who specializes in such labor/legal matters to help you.

      Delete
  48. Hi Anand sir,

    First of all thanks much for giving your time & helping us on PF queries.
    Well, I worked for an ITES company for 15 months (Apr'13 to Jul'14). I filled up forms no.10 & 19 & submitted at my office in sep'14. As per pay slip my PF deduction was Rs.980/- per month. I just got msg frm my bank that PF amount Rs.6622/- has been credited in your A/C. But it seems very less. So I'd like to know whether I'll get it in another installment??? I've read some of your comments stated that it could be an EPS.. Let me know if its correct n also plz let me know when should I receive rest amt..

    Thanks!!

    Jit.

    ReplyDelete
    Replies
    1. Yes it is possible that this money is from your EPS. The 980 per month does not go into your PF fully. It gets split up and a good chunk goes into others. See here: http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      Check with your employer and find out the status of the request. Yes, usually the payment for EPS withdrawal and EPF withdrawal comes as two parts.

      Delete
  49. Query regarding- what name should I fill in "Name" field, when submitting online PF transfer from my previous employer to current employer
    My name in previous employer records is "ABC XYZ" (maiden name) and my PAN number also has the name "ABC XYZ", but my name in current employer records is ""ABC PQR" (new name after marriage). I have to get my PAN card updated with new name.

    While submitting the online PF transfer request, both names are appearing in the form, Neha Jain under previous employer PF details and Neha Pathak under TCS PF details.

    Please guide me what name should I use to transfer the PF to TCS from CSC online (epfindia.com).

    ReplyDelete
    Replies
    1. You should use your current name and also attach proof that you are the same person as the old name so that the authorities know that Neha Jain and Neha Pathak are indeed the same person.

      Delete
  50. Dear sir,

    I Subir Banik inform you that, My father is a serviceman in bank sector. He had 4-5 year left to be retire. Recently he applied for an "EPFLoan" and it sanctioned for my elder brother’s marriage. Now the marriage has been cancelled. The loan amount is nearly 4Lac.

    1) So is there any chance to cancel the loan and refund it.
    2) Is there is any situation to refund it with any penalty interest.
    3) Can I simply keep the money for my brotrhers marriage later.
    4) Is there any chance of imprisonmaent.

    But the bank have signed my father in a "NRW7" form which says i can refund it with ".interest at a rate fixed by the fund".

    So please let me know how much interest I need to pay to refund the money as I have 15 days left to complete one month of the loan taken. And I still did not spend any money. I know there is documentation on upon this. But it will be better for me to understand if you give me a quick view by answering me these question.

    Please give me your good advice as early as possible. I am eagarly waiting for your suggestion.


    Thanks & Regards
    Subir

    ReplyDelete
    Replies
    1. No, there is no chance for imprisonment as long as you use the money for the marriage and continue repaying the loan properly. Yes, you can prepay the loan if you feel the money is no longer required. Contact the EPFO office where you applied for the loan and they can tell you how much interest has to be repaid.

      Delete
  51. Sir I am forget my old signature to the epf so what I doing can u give me a suggesation

    ReplyDelete
    Replies
    1. Get an affidavit notarized and submit to epf office stating that you forgot your old signature and to change it. Contact epf office, they will be able to explain the process

      Delete
  52. Hi Anand,

    I am Hitesh Mistry, i will resigning my current organization between 10-15 March 2015. How much will it take to get my PF amount transferred in my bank account? Also, is there any process where i can get my PF amount faster then the normal turn around time? Please advise, waiting for your response.

    ReplyDelete
    Replies
    1. About 6-8 weeks to transfer. If you have the UAN, you can initiate the transfer electronically and probably that will complete faster

      Delete
  53. Sir I am animesh sir one question if I forgotten my epf signature and when i withdrawal to my epf blence if my signature is not be match so epf office give me a more then chance to the signature and if I fill up the nomination form so.my problem can be solve. Plz sir I am very tensioned so.sir plz tell me how to the rules of epf office and how to solve my problem without abitabit

    ReplyDelete
    Replies
    1. Hi,
      I believe we had a lengthy conversation a few months back in this same article. If you forgot your signature, you have to submit an affidavit with notarization stating that you forgot your signature and want to update it as per EPF records.

      If your signature at the time of withdrawal does not match the one that you signed initially - NO THE MONEY WILL NOT BE PAID OUT

      By assigning a nominee, the nominee can get the money after you die. As long as you are alive, you have to sign to get the money.

      Delete
  54. Hello Anand,

    I have already received my UAN account no. I wanted to transfer my PF balance into my new organization account. The only problem is that I have absconded from my previous organization. Do they (Previous Organization) create any problem in online transfer procedure?

    ReplyDelete
    Replies
    1. Hi,
      Yes, you can initiate the online transfer with UAN but there is not much clarity on what happens in cases like yours. In regular/standard cases, EPF will check with your old employer to check the validity of the PF Account before executing the transfer. If EPF does this, there is a good chance that your company would not reply properly. You can try tthe transfer and if it fails, i would recommend you try to smooth things out with the old company and then try again

      Delete
  55. Hi Sir,
    My question is-Suppose I want to leave the current Employer and want to join a new Employer but I don't want to transfer the current Employer PF A/c means I don't want to show them that I had a PF A/c in previous Employer. Will the the new company get to know that I had a PF account in previous company because I don't want to show the new Employer that I have worked as a permanent Employee i.e I want to join as a Fresher in the new Employer without letting them that I have already worked. please resolve this query its a critical for me.

    Thanks,
    Sunil
    8197321724

    ReplyDelete
    Replies
    1. Yes Sunil, it is very easy. a simple background check can help them to easily find out whether you were employed already

      Delete
  56. Hi I have a UAN alloted for me from previous organization. I dont want to show tat experience to my new organization. I dint give mY UAN to my new company. Will my new organization be able to find my uan or will they create a new uan for me.but PF NO IN BOTH THE ORGANIZATION ARE DIFFERENT. SO WAT THEY WIL DO IN THIS CASE thank you…

    ReplyDelete
    Replies
    1. Yes, your new company will be able to find out the fact that you had a UAN. One individual cannot have 2 UAN's and if you are caught, not only will you be penalized, your new company may even fire you for not disclosing your earlier employments

      Delete
  57. Hi, I have left job at 1st employer during july 2013 and left job at 2nd employer during november 2014. Proper exits. I have not transferred pf. So can I fill two sets of form-19 and form 10c with resp. employer and pf number details, submit at resp. employers and withdraw pf amount separately from two employers?

    ReplyDelete
    Replies
    1. Yes you can. Ideally you should've transferred pf from job 1 to job 2 and then withdrawn them in bulk but since you left your job 2, you can submit individual withdrawals

      Delete
  58. Hi Anand,

    I have been working for 10 years and 6 months now. In my last assignment my basic was INR 22,500. I was given PF facility by the firm. I left the company in Dec ’14 and joined a new company in Feb’15 (current basic is INR 34,132). My new firm does not extend PF facility to employees above the 15,000 bracket.

    1. What should I do with my PF account?
    2. How should I structure my salary for maximum gain ?
    3. Is there a possibility for me to continue my PF contribution ?

    Please advise.

    ReplyDelete
    Replies
    1. As your company does not provide PF you cannot continue your PF contribution. You have to close your PF Account.

      I have published a book on Indian Income tax that you can use to reduce your tax liability. However, the book is not yet updated for the tax changes from the union budget of 2015. I will be publishing an updated version of the book soon. So, you can check back next month and reduce your tax liablity. see here: http://anandvijayakumar.blogspot.sg/p/books-by-this-blog-author.html

      Delete
  59. Hi Anand,
    I was working in an IT Co for last seven years and had PF account. I joined a new Co in Pune in Nov 2014 after resigning from my previous organisation.I have made a PF transfer claim which is currently in process from old to new employer.I need to travel abroad on a dependant visa shortly,therefore I have resigned from my current organisation and currently on notice period.My enquiry is that if I opt for a early release from the current organisation ie. before completing 180 days with the current employer will I be able to claim the withdrawal of the Pension fund amount (Pension fund from prior organisation which is in transfer process plus the pension fund amount of current organization) ? Please advise.Thanks in advance!

    ReplyDelete
    Replies
    1. Hi,
      Yes, you can withdraw both your PF and EPS from your current job since you did a transfer. However, you would have to wait until the transfer finishes. If the transfer is still In Progress, you have to wait. Once the transfer finishes, you can get the withdrawal done

      Delete
  60. Hi Anand,

    I wasn't aware that we had to disclose our UAN while joining a new company. I have already shifted 6 months back. How do i add a new member ID to same UAN now? i have even transferred my accumulated PF to new member ID, however i am unable to track the same online as my new member ID is not linked to my UAN

    ReplyDelete
    Replies
    1. The UID's started getting created only towards the end of 2014. So, if you joined recently your current employer would've created a UAN for you. Did they create one for you?

      If you already have a UAN, your current employer would've gotten a message saying that this person already has a UAN.

      Contact your regional PF Office and ask them what your options are to include your current PF Acc to that UAN you already have.

      Delete
  61. HI,

    This Bharath, I left my previous company on 2011 (Aug), after that due to some personal problem im not able to apply for PF.
    Now the company office is closed in Bangalore and shifted to Mumbai. I filled PF form and sent to Mumbai office but I dint get any replay from them.
    Is there any other way to get my PF amount. Kindly help me.

    PF number :- MH/VSH/0118290/000/0000555

    Regards,

    Bharath kumar H S

    ReplyDelete
    Replies
    1. The option you have right now is to visit the pf office and inquire on the status of the request. You can raise a grievance with PF office if this doesnt work.

      Delete
  62. Hi,

    This is Kindo, recently my company is lack of man power, that why I always get my salary late. Sometimes my salary is bank in by part time secretary, but sometimes is direct get cash or e-banking transfer by boss. So, I start curious about my EPF status, until yesterday, I visit KWSP to check my status, I found out my boss is forget my 7 months EPF, this is the first time happened in my 2 years working life in this company.

    My boss apologize to me and promise will bank in full amount to me, but I worry this will affect me in the future when submit document to bank to apply credit card or loan.

    My boss treat me very good and he is a young entrepreneur, I worry it will affect me and the company if I report to EPFO. And he promise me if the company really forget to bank in the EPF contribution, he will bank in the full amount to my EPF account.

    So what should I do? Any professional can give me some advise? Many Thanks

    ReplyDelete
    Replies
    1. Hi,
      Firstly - there is no correlation between EPF and your credit card or any loans. Its a separate entity.

      Secondly, if your employer misses EPF payments, they need to contact the EPF office, explain the reason why and make the payments that are due. They cannot just deposit the money in your bank account once every few months. IF an account does not get monthly contributions, the account gets marked as inactive and you may have difficulties getting the money in future.

      Yes, if you complain to EPFO, your employer will be caught and punished for the same. Ask him to ensure that payments are sent out to the EPF on a regular basis to avoid problems for you.

      Delete
  63. Hi anand,
    If a maturity period of 15 year is over, and then we can extend it for 5 yrs block. So how many times we can extend in such blocks? Are there any limit after these 15 years for deposits? And what can be the maximum balance one can get after closing the account? In lakhs or crores? Please do reply.
    Thank you

    ReplyDelete
    Replies
    1. Are you asking about PPF or EPF?

      If PPF - you can extend once. The account will mature at the end of 20 years. You can deposit a max of 1.5 lakhs now (It used to 70,000 many years ago, was hiked to 1 lakh a few years ago). Assuming you start an account now and deposit the maximum each year, your total deposited amount will be 30 lakhs. So, even with interest, the amount will definitely not go into crores.

      Delete
  64. Hi Anand,

    First of all Congrats for creating such forum and helping out others.I am in a delegate situation now.Am currently working in company (joined 3 months back).I got offer from another company last week.Am willing to the new company.But my current manager is not allowing me to leave the job.So thinking about absconding from the present company since its only 3 months experience.
    Since UAN is common for both the companies, will it create a problem when my new company create new PF account for me?Can there be 2 active PF accounts under same UAN?

    Kindly help me out!!! Thanks in anticipation.

    ReplyDelete
    Replies
    1. Hi Diwakar - No, you cannot have two PF Accounts under the same UAN. The moment your new company tries to create a PF Acc for you, they will find out this UAN under the other company name and may cause problems to ur new job (about hiding ur old job info)

      No company can refuse to relieve you in case of resignation as long as you are willing to serve your proper notice period. Have you signed a bond or something that says you will for sure work for N number of months/years with ur current job? Or - are they asking you to serve additional notice period or something?

      If your notice period is lets say 60 days, if you send a formal email to your manager and HR, they have to let you go at the end of 60 days. they cannot stop you. Are you asking to get relieved before/without serving ur notice period? IF so, legally the company can hold you back even if you have been with them for only 3 months

      Delete
  65. Hi Anand,
    I left my first job in 2009 to do higher studies but I did not submit the PF claim at that time. After my higher studies, I landed on a new job and I filled in some application to transfer my PF to the new company. However, I left that job in 3 months as I got married but I couldn't serve my notice period. I do not expect to receive the pf for the 3 months that I worked. I am not sure if the pf in the old company was transferred to the new company as I did not get any notifications. I have the PF account number of my first job and I sent the PF claim forms last month. Is there a way to know if the PF was transferred to the new company or do you think that I will get the PF amount credited as I have sent the claim forms to the old company?

    ReplyDelete
    Replies
    1. Hi - firstly, there is a very high chance that your pf transfer got completed and your old pf money is also with your employer where you worked only 3 months.

      secondly, companies usually dont cooperate with pf withdrawal cases where employees left without serving their notice period.

      Anyways, the one option you have right now is to visit the pf office and check if the old pf transfer was completed. If not, you can try submitting a fresh withdrawal request with company A where you left in 2009. If the transfer was successful then you have to contact the company B and try to strike a compromise.

      Without your employers signature, getting the PF money is practically impossible

      Delete
  66. i recently joined in a university. at the time of joining i was not told anything about ESI and PF form. now after 25 days the accounts department is saying that they wont issue my salary for these 25 days. what can i do. being a fresher it was the duty of employer to provide me with these forms.

    ReplyDelete
    Replies
    1. Did you sign a formal job offer letter? IF so, you can consult a good labor lawyer to get the salary due you

      Delete
  67. Hi Anand,

    I hope you'll be able to help me finding answer of the following 2 question:-

    1)- I have worked in a private company from march 2013 to 31st Oct 2014 and then resigned. I was unemployed until last month. Now i have joined in a new company. And also applied for the last company's PF amount withdrawal. I wanted to know if working with a new company and applying for PF amount can create an issue? If so whats needed to be done to get that money in case of emergency?

    2)- As i told you earlier that I have worked in my past company from March 2013 to 31st Oct 2014 and i know for sure that every month my PF amount was getting deducted from my salary but 2 days back when i checked my PF amount online through EPFO member portal, i saw that its last updated till June 2014, where i worked till Oct end. Now i want to know the possible reason behind this? And also I want know, what will happen to the rest 5 months PF amount of mine?

    Thanks & Regards,
    Sonu

    ReplyDelete
    Replies
    1. Sonu,
      1. As you were not working from Oct 2014 up until one month back, you are eligible to withdraw the PF and your joining the new job should not be an issue. However, may I ask why you waited up until now to withdraw? Technically the EPF rule book says, if the employee is not joining any new job in the next 3 months they can withdraw but in your case this next 3 months should have been counted from oct last year and not now. If you are only submitting the withdrawal request now (or did it in the recent past) then your joining the new job may create issues. However, dont worry. wait for a couple of months and most likely you will get the money.

      2. The EPF Portal is almost always backlogged in terms of data. wait until you get the money and check if it matches the contributions you made.

      Delete
  68. Hi, I have worked in a company for 10 months ( Nov 2013 to Aug 2014) as a contractor (temp). After Aug 2014 I haven't joined any where Now I want to withdraw my PF for this period that is around 80K . Please tell me in this scenario is my PF taxable? if YES then what do I need to do avoid tax? If I have to submit form 15G then I could't find any clause related to PF. please advise.... thanks

    ReplyDelete
    Replies
    1. Anonymous - Since you worked only for 10 months, this withdrawal will be fully taxable any time you withdraw. The only option you have to avoid tax is - join another job, work there for at least 4 years and 2 months and then withdraw.

      There is no form 15G concept for PF withdrawals. Whatever money you get, will get added to your annual income and get taxed according to the tax slab you fall in

      Delete
  69. Hello Anand,

    I am jobless from last 13 month . So no pf amount deposited in pF account during this period . But my PF account having amount of previous employer. So for how much time i will get interst on this amount as there is no addition in PF amount due to i am jobless. ? And how to withdraw PF amount for my need when it is require

    ReplyDelete
    Replies
    1. Usually the account stops earning interest if 3 consecutive month pf deposits are missed.

      you can withdraw the pf by contacting your old employer and submit a withdrawal request

      Delete
  70. hi, I have worked with a company for 10 years straight and have a UAN no and PF account from that company...I left the company last year and joined a company where in i worked fro 5 months..thn I joined a third company...all three companies have thre won PF numbers which is OK...my problem is my first employer with whome i worked for 10+ years is not responding to any of my request for teling me what is the contribution made by them as they have convineintly reducted the employee contribution from my salasy at the time i was working with them...now i am with the third employer and cannot connect my UAn number as my first employer has not paid the employee contribution and is not responding as to when they will do it..Furthermore the DOB and DOJ of in the PF number provided by the first employer is missing because of which the other two nex employers are unable to link it to the UAN...when I asked by First employer they said only after they pay their part of the contribution only then will they be allowed to initiate correction in my Date of BIrth and Date of Joining..They already have all proofs of my Date of bidrth and Date of joining...Can you please advice If I can do anything myself for this addtiona of DOB/DOJ by going to the PF office? or I have to wait endlessly and run pillar to post with the first employer ONLY?

    ReplyDelete
    Replies
    1. You can contact the regional epf office and file a complaint against your first employer for such negligent behavior and if that doesnt help consult a good labor lawyer. they can help you

      Delete
  71. hello anand sir
    i m saleem
    my pf a/c no. is dsnhp0031965000/0007550
    sir 3 mahine pehle pf form dala tha but abhi tak na hi amount transfar hua aur na hi form rejection ka koi massege aya toll free no.pe koi call recived nhi karrha
    sir plz cheque karke bataiye plz

    ReplyDelete
  72. Hello Sir,

    My EPF Amount is 32228
    I received only 21508 (bulk posting) on 02/07/2015
    My colleagues says that, it may be transfered by two times.
    Pls let me know, I had submitted the aplication last month.

    ReplyDelete
    Replies
    1. Usually the 2 times transfer is because one is EPF and the other is EPS. If the amount is 32228 this 21508 is probably your EPS

      Delete
  73. Hello Anand,
    I worked in Clarks Inn Suites from 01-Apr-2012 to 30-Apr-2013 as Guest Relation Executive. During the work, I got deducted as PF of Rs.780 per month for the entire year from my salary. I relieved from the concern on 30th April 2013. While applying for PF Closure, I checked in PF portal and surprised to see that only Rs.2,366 is deposited in my PF Account. My employer who registered with the PF office in the name of ANK HOTEL PVT LTD, S.NO. 122 (P) RAHATNI ROAD, PIMPLE SAUDAGAR,PUNE-411027 having PF number as

    Old Region Code : MH/0307063/000

    Current Region Code :PU/PUN/0307063/000

    Please advise.

    ReplyDelete
    Replies
    1. Please contact a good labor lawyer. This sounds like cheating and you are eligible to get the money they deducted with interest.

      Delete
    2. they are ready to give pf amount by cheque but not giving me interest. please advice

      Delete
    3. As I mentioned before, consult a good labor lawyer. PF and the corresponding interest is something they have to give and you have the right to demand it.

      Delete
  74. My EPF Amount is 98230
    I received only 21590 (bulk posting - EPFO) on 09/06/2015
    Pls let me know, when i will get my full amount. I had submitted the PF document in January 2015.

    ReplyDelete
    Replies
    1. I dont think this is your PF Amount. Contact your employer or PF office to find out what is the status of your request. Ideally it takes about 3-4 months to process and now its already July

      Delete
  75. I was working with three companies in first company on contract basis, in second company on payroll and in third company again on contract. in second company my pf get deducted and also hr told me that he allot me uan no but i dont want to show work experience of second company anywhere. my question is that if i join new company on payroll then hr of it can generate new uan no? or can he find my old uan no when he go to generate new one please solve my problem

    ReplyDelete
    Replies
    1. No, you cannot create a new UAN. If your new employer tries to create a UAN, they will most likely find out that you had a UAN. So, its better you tell them about the second job and reuse the UAN

      Delete
  76. Hello Anand,

    I need your help as I could not find clear answer anywhere:
    I worked for my 1st employer for 4 Years (2006 to 2010), and I worked for my 2nd employer for less than 3 years (Aug 2012 to Mar 2015). My Old PF Account funds were transferred to new PF account with 2nd Employer.

    My Question here is "My New PF Account Establishment duration is less than 3 years, If I withdraw funds now does it attracts 10% TDS/Tax?

    As per new guidelines applicable from June 2015 my total employment with Irregular employment(gap) is 5 Plus years. Regular is less than 3 Years. Confusion is about how they consider it. Does they consider it as a whole(4+3 years) or they consider it on the basis of Establishment dates? Since my old account is merged into new one with all funds I am not sure if they will consider 5+ or <5 years. Please guide me.

    ReplyDelete
    Replies
    1. If your PF Acc was transferred, then the total cumulative experience will be counted for tax calculation. So, yours should be 5+

      Delete
    2. Thank you for the info and prompt response. Greetings!

      Delete
  77. Hi Sir,

    I have a PF account with my previous employer and I have worked there for 2 years. Now I am working for different company and have applied for another PF account. I do not want to continue with the old PF account as I want to withdraw my PF amount. Kindly suggest if there could be any potential blocker.
    I have already submitted my PF withdrawal form with my previous employer and they have processed the request.
    I have a UAN but not activated yet.
    Kindly suggest

    ReplyDelete
    Replies
    1. Technically you are not supposed to withdraw PF from your old job when you are taking up a new job. You should be transferring your PF.

      In this case, since the request is already submitted, just wait for it to be over. If it gets rejected then the only option for you would be to transfer the pf to your new job. Not to mention - this withdrawal is fully taxable and needs to be added to your income from your current job

      Delete
  78. Sir ,
    My UAN passbook shows;Contribution : Employer Share : 74282 ,Employee Share : 43150 ,EPS 26600
    Withdrawal :Employer Share : 72722 ,Employee Share : 42673
    I have resigned from the firm with 4.6 months of service and had applied for Withdrawal on 7th July.Message for EPF process came on 20th July ,2015 and on 1st August I have received an amount of 24800 as Bulk Posting EPFO. What can this amount be ? (I am assuming to be EPS which was 26600) and by what time I can expect the second transaction ?
    Thanks !!

    ReplyDelete
    Replies
    1. Yes, it most likely is the EPS Amount. Usually if the EPS has come, the EPF should follow in the next 3-4 weeks.

      Delete
  79. Hi Sir,

    I am working in an IT company for 3.8 years and in notice period.
    I want to know it is possible to transfer EPF to my new company and Withdraw EPS
    amount. If it is possible,then please tell when will i have to submit Form 10c for EPS withdrawl,
    when i am working in same company or when i will join new company?

    Please suggest,

    ReplyDelete
    Replies
    1. Hemant - You cannot withdraw your PF or EPS when you switch jobs. You have to transfer them to your new job.

      Delete
  80. Sir,
    I am employed in a B-School as asst. professor. Our PF contribution is 12% of 15000, 1st Sept 2014 onward. It has come to our notice that within the same organisation some professors are having contributions amounting to 12% of their Basic+DA and some 12% of the statutory limit 15000. Is it legally permissible for the employer to maintain differential contribution within the same establishment? If not what is the recourse available?

    ReplyDelete
    Replies
    1. As far as I know the rule is - 12% of the basic + DA or the upper limit of 15k whichever is lower. So, if those folks basic+DA is less than 15k then it should be ok.

      and also, I dont think its fair/allowed to have differential policies where for some folks it is 12% of 15k and for the others 12% of whatever is their basic + da.

      consult a good labor lawyer and get their advise.

      Delete
  81. Hi Anand,
    I have UAN no. In case of without resigning from current company if I join new company without showing current company exp.
    Can new company caught with the dual employment pf deduction?
    Regards,
    Rohit

    ReplyDelete
    Replies
    1. Definitely Rohit. When your new employer tries to start a UAN, he will find out this double employment and you will face the consequences from both your current as well as new employers.

      Delete
  82. Hi Anand,

    In my previous company last name was mandatory, so my pf account has both the last name as well as first name, however I do not use last name and all my documents like PAN,AAdHAAR have only my first name. Will this be an issue in future ?

    ReplyDelete
    Replies
    1. Definitely Yes. The name has to match between your PF Account and the ID Proof like PAN or AAdhar. If they dont match, you may have issues in future when you try to withdraw the money. Get your name corrected everywhere to be the same.

      Delete
  83. I am in an icky situation. I have been terminated from a company due to issues with manager. Now the pf id of company is on my UAN. I want to hide this job on my cv due to potential questions. Is there a way that after we can remove the member id from UAN after PF withdrawal or before ?

    Any way around?

    ReplyDelete
    Replies
    1. Even if you were terminated, the company should follow the standard employee relieving process and close your PF Account for you (or help transfer the account to your next job)

      No, you cannot hide your UAN and nor can you withdraw the PF since you are taking up a new job. Talk to your old company, get the PF transfer initiated. For your new job, you can politely explain that you quit rather than take the terminated option and try to manage the situation. Hiding the job info may come back in future to haunt you.

      Delete
  84. Hello sir, I just tried to activate my UAN account, but when i click on get pin it says, "This mobile number is already registered for another UAN and can not be reused" I have no any clue what to do now. Please help. Thanks in advance.

    ReplyDelete
    Replies
    1. Contact your employer and ask them to file a request with the PF Office to amend the old records. Maybe someone entered the phone number wrongly or you got a recycled number which was used by someone with a PF Acc before.

      Delete
  85. Hi Anand,
    I worked for an MNC from 2008-2012 and after that quit working.I withdrew my PF accumulated for the said period in March 2015 for our house construction purpose
    .I would like to know if the withdrawn PF amount is taxable?

    ReplyDelete
    Replies
    1. Anonymous,
      you have not mentioned the exact month/date from 2008 and 2012 for me to give you a correct answer. If your total work duration was more than 60 months, then the withdrawal is not taxable. If the work duration is less than 60 months, then the amount withdrawn is taxable

      Delete
  86. Hi Anand. My current employer is applying for form 11 new with KYC documents and will send it to EPFO. I have not yet applied PF transfer online or by submitting physical copy of form 13 to my previous employer.

    I came to know that form 11 new has replaced form 13 now for pf transfer. So will my pf money get transferred through form 11 new. Also both my pf accounts are at different states. So will it be fine.

    ReplyDelete
    Replies
    1. Prateek, I am not aware of this new form thing and hence cannot comment here. If your organization is using this form, then i believe they must have received the latest notification from EPF office (which I am searching online).

      With regards to accounts being from different states, i dont think thats an issue as long as the forms are filled correctly.

      Delete
  87. Hi,
    I had resigned my job in the month of july,2015. I completed one year at work. Would I be able to withdraw the PF amount?

    ReplyDelete
    Replies
    1. Are you going to take up a new job or will stay unemployed?

      If you are joining a new job, you cannot withdraw. You have to transfer the PF to the new job

      If you will be unemployed for at least 3 months, you can withdraw

      Delete
  88. Hello sir,

    1) I have worked for a firm for around 8.5 years, out of which 1.5 years i was at onsite, so PF contribution was not done during that time, still it would be considered as 8.5 years of service or 7 years PF point of view ?

    2) My new company does not provide PF facility, so can i withdraw only PF amount completely and continue Pension as it is in next company(which probably will provide PF) after 2-3 years? if yes, so period served(8.5 or 7 years) would be still same or counter will set to 0 for PF/Pension calculation in next company?

    3) Can i withdraw both(PF and pension) before 10 years of service, if yes, then i guess, i will get some percentage(e.g. 40%) of total pension amount instead of full. so what happens to remaining amount(60%) of pension? I will loose completely or i will get that amount in the form of pension after 58 years?

    4) After 10 years, which one, PF or pension, I can withdraw ?, I believe I can't withdraw anything PF or pension, please confirm.

    ReplyDelete
    Replies
    1. Anonymous - Answers to your Qs

      1. If PF was not contributed during that time you were onsite, it would be only counted as 7

      2. You cannot withdraw PF and continue EPS pension. You should either continue both or stop both.

      3. Yes you can withdraw PF before 10 years and you will get the full amount. In case of EPS, the amount you get is based on no. of years of service and not amount contributed.

      4. If you complete 10 years of contribution, you cannot withdraw EPS. you can only get pension after you reach retirement age

      Delete
  89. Hi Anand,

    I have a question, if you can help please.
    I am working with a company for past 9 years (August 2016 - Till Date) with PF Contribution during this time.
    Now because of Cost Cutting my company has asked me to work on contract (From September 2015) with half the salary i was getting till August 2015 with no PF contribution.
    Does this make me eligible for PF withdrawal after 2 months as there will be no PF contribution from September 2015 onwards.
    Please help. Thanks

    ReplyDelete
    Replies
    1. Yes, If there are no more contributions to the PF Account, I believe you are eligible to withdraw your PF. Talk to your employer and ask them to initiate the formalities to withdraw your PF and EPS

      Delete
  90. Sir,
    I have my name on pan card as Jiten A Kava and I have written in pf as Jitenkumar A Kava will it create problem?

    ReplyDelete
    Replies
    1. Yes, if the names dont match, you may have problems in future

      Delete
    2. Sir , as posted earlier I have given my kyc with name jiten and I will change my name on all other documents as jitenkumar but if I can't what should I do?

      Delete
    3. And what problem I have to face?

      Delete
    4. When you go to withdraw your EPF money in future, they will ask you for ID Proof. If the name in the ID Proof does not match with your PF Account name, the EPF Office will refuse/reject your request.

      Delete
  91. If an employee is working part time with two establishments at the same time and his first salary from both is below Rs.15,000 who should pay EPF share? Can both pay partly share of EPF in the same EPF account?

    ReplyDelete
    Replies
    1. Hi, Usually EPF facilities are not provided for people on part time jobs. Even if both companies are willing to offer EPF, i dont think it can be credited into the same PF Acc. This is a peculiar situation and I dont want to misguide you.

      So, better contact EPF office

      Delete
  92. Hi Anand, i need an advice regarding establishment covered by pf act. Our proprietorship firm doing the business of advertising on outdoors hoardings, such activity is not covered under schedule 1 of this act. so whether it is compulsory for us to register under pf act?? Or is it covered under schedule 1 of this act please guide me.

    ReplyDelete
    Replies
    1. Hi, I am not the right person to actually advise on organizational pf matters. Pls contact the regional EPF Office.

      Delete
  93. HI Anand i need an advice regarding establishment under pf act.

    ReplyDelete

Books By This Author

© 2013 by www.anandvijayakumar.blogspot.com. All rights reserved. No part of this blog or its contents may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the Author.

Google+ Badge

Google+ Followers

Followers

Popular Posts

Important Disclaimer

All the contents of this blog are the Authors personal opinion only and are not endorsed by any Company. This website or Author does not provide stock recommendations. The purpose of this blog is to educate people about the financial industry and to share my opinion about the day to day happenings in the Indian and world economy. Contents described here are not a recommendation to buy or sell any stock or investment product. The Author does not have any vested interest in recommending or reviewing any Investment Product discussed in this Blog. Readers are requested to perform their own analysis and make investment decisions at their own personal judgement and the site or the author cannot be claimed liable for any losses incurred out of the same.