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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...

185 comments:

  1. Hello Sir,

    I have a question.
    I have my Provident Fund with two of my last organisations now I have got a new job so, can I transfer both of my existing PF to my new Organisations PF? If Yes, How ?

    Regards
    Akshay Sabharwal

    ReplyDelete
    Replies
    1. Yes, you can transfer both PF accounts to the new company PF account. Read this article - http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      You will get the info you need to do it. You will need to submit two transfer forms and for both forms the destination account will be your new account. That is all.

      Anand

      Delete
  2. I worked in Org from Oct-2012 to Jul-13 and deduction for pf 780/- per month from my salary and equal amount shall be paid by employer .

    After calculating total amount shall i get 15600/-. Instead of 15600 i got only 5043 as mentioned above.

    ReplyDelete
    Replies
    1. Hitesh,
      I think there is some mistake here. Firstly your full money doesnt go into PF. your contribution Rs. 780 goes fully but your employer contrib goes into PF, gratuity, EPS etc. Read the "A Sample Calculation - Of How Your EPF is Split Up and Saved: " section in the following article: http://anandvijayakumar.blogspot.com/2013/03/employee-provident-fund-demystified.html to understand how the money gets split up.

      Coming to your problem - I think you should have got a least 7800 or more since you worked for approx 10 months. Talk to your employer and try to get a statement for your PF Account or visit your nearest EPF Office that processed the withdrawal and try to find out what was missing. Are you sure the PF deduction was 780 for employee share and 780 for employer share?

      If 780 was the total deduction (Including both your and employer share), then if we consider deductions for EPS, gratuity etc, the 5043 that you got sounds about right.

      Anand

      Delete
  3. Hi
    i am leaving the current job and joining in new job and want to withdraw the pf amount and open new account in new company so that what happens to the amount transfered to pension fund account(is that will be transferd to my new account or it becomes null as i am closing the account)

    ReplyDelete
    Replies
    1. Anonymous,
      First of all, you can withdraw the PF money only if you are going to be unemployed for at least 60 days between your two jobs. If you are going to join the new job within 60 days of your last day at your old job, you need to get the PF money transferred.

      Read this article about Transfer of EPF: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      About EPS: You need to get something called a Scheme Certificate when you switch jobs. Read this article about the EPS scheme: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  4. hi
    My name in the pf slip appears incorrect. What is the procedure to make correction.
    I have an pf account which is inoperative for more than 3 years and I want to transfer to new pf account;kindly suggest me the procedure for the same

    Jyoti

    ReplyDelete
    Replies
    1. Hi Jyoti,

      1. Talk to your employer (Who opened the PF Account for you) and ask them to correct the mistake.

      2. Contact the employer for whom you were working when this inoperative Pf account was actually operative. You need to initiate the transfer procedure through them. Read this article about Transfer of EPF: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Anand

      Delete
  5. Hi,

    I have worked with organization A from 2002 - 2004. Organization has its own PF fund. Tax Slab - Not is tax slab for most part.

    Then moved to organization B from 2005 to 2006. This organization had no PF component. Strange as my CTC was over 3 Lakhs. Tax Slab 10%.

    2007 -I took an education break

    Worked with Organization C from April 2008 - June 2008 and continued education break. Tax Slab - 4 months salary Only. So not taxable.

    Worked with Organization D from Feb 2009 to August 2011. Tax Slab - 20%

    Working with Organization E from September onwards.

    I have not transferred PF from any of the previou employer. Please share if I do now transfer from all employers A,C,D to E, will that be treated as 10 Years Employment.

    ReplyDelete
    Replies
    1. Anonymous - Yes, you can transfer the unwithdrawn corpus from all of those previous employments into the current account that is active. Read this article about the same: http://anandvijayakumar.blogspot.com/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      There is no relationship between tax and the possibility of transfer. If you successfully manage to transfer all of those PF accounts into your currently active account the duration will be only for the duration when your PF Account was active. It does not go from 2002 to 2013. You had gaps in employment and so, whatever is the gab - that wont count.

      You worked 2 years for Org A, 3 months for Org C, 2 years and 6 months in Org D and now with Org E. So, once all of these PF accounts get transferred, your PF Account will be close to 5 years old (You havent specified the exact months for your Job A)

      Whatever gaps you had or in job B where you had no PF, will not count towards the age of the PF Account.

      Anand

      Delete
  6. I had resign my job three and half year before can i withdraw my old pf

    ReplyDelete
    Replies
    1. Hi Ravi - If you are currently unemployed you can withdraw the old PF money. If you are currently employed in any company that has PF facility (In other words - if you have a PF account now) then you need to get the money transferred.

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

      It will give you more details.

      Anand

      Delete
  7. If I withdrawl my EPF as well EPS amount after 5yrs of service, then could i get my whole/corpus EPF (employee contri.+employer contri.) & full EPS amount . What amount of EPS i will get. Plz provide me example for same.

    ReplyDelete
    Replies
    1. Abhinav,
      See this article about EP - http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      I have explained about how much you will get in case of withdrawal.

      Reg. EPF - Yes you will get the employee contrib + employer contrib + interest that has been earned over the past 5 years.

      Anand

      Delete
  8. Hello Sir,

    I left my previous organisation within one year and applied for EPF through employer.I received some amount in my bank account.
    Question:shall I get back my accumlated EPS amount?
    If yes then what is the procedure?
    If not then what would happen to that amont.

    Regards,

    Debasis Pati

    ReplyDelete
    Replies
    1. Hi Debasis - The form to withdraw EPS is submitted along with your EPF withdrawal forms. Talk to your employer and check if they submitted the EPS withdrawal request as well.

      If the form was submitted - you will get 1 month of your basic salary. EPS withdrawal is not based on the corpus accumulated in your account but is based on no. of years of completed service. For people less than 1 year service, the request may get rejected as well.

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

      Anand

      Delete
  9. If I am leaving my Organization before five years and not joing any new job. Is is mandatory to settle my PF account with my Company? What are tax implications involved?

    ReplyDelete
    Replies
    1. Yes you need to get your account settled. The amount you get after withdrawal is fully taxable. It will be added to your total annual income for this financial year and then taxed according to the tax slab you fall into.

      I just wrote a new book about Indian Income Tax and it is available for purchase. Check this out: https://www.distribly.com/product/1688?aid=15702

      Anand

      Delete
  10. Hi Anand,

    I did the PF transfer from my First Company (own PF Trust) to the Second Company(under RPFC Kandivali mumbai) and received the PF amount.
    But there were not entries for EPS amount in the transfer amount section. I have document from my first company which shows they contributed to EPS, how will I claim that amount. My first company was not responding to my mails. I worked there for 42 months. Kindly suggest.

    Thanks,
    Saroj Kumar

    ReplyDelete
    Replies
    1. Saroj - EPS Money does not get transferred like EPF. You need to get a scheme certificate and transfer the EPS benefit to the new company. Read this article for more details - http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Delete
  11. I felt like i was robbed when i checked my PF credit to my bank after final settlement. It's my bad that I joined such a cheap company. They took best use of unemployment and made me work for 7000 as starting salary. I have all the payslips with the PF contributions:
    I've joined on Nov 11-2011 and worked till Aug 2013.

    From Dec 2011- Apr-2012 they deducted 240 / month from my salary as PF

    Dec 2011-Apr 2012- 240*5=1200
    Apr2012-Apr 2013- 311*12=3732
    May2013-Aug-2013- 352*4=1408
    Total: 6332

    THis is only my contribution. Employer contribution is same as mine according to appointment letter. So, legally, I should get 12000+ interst.

    I've got 4000 rupees!!!!!!!!!!!!!

    Absolutely shocked. WHAT SHOULD I DO???
    I AM FEELING LIKE I AM ROBBED. WHOM SHOULD I CONTACT??? I m hating this!!! Please reply

    ReplyDelete
    Replies
    1. Hi - Are you sure the 4000 rupees you got was the PF? This could be the EPS because the EPS is not based on contributions. Instead it is based on number of years of service. Check this article out and you will understand more about EPS - http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      The employer contribution is not fully paid out for EPF. A Big % of the employer contribution goes into your EPF. Check out this article where I have explained the split up of where your money goes. http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      Back to your Q - If the 4000 rupees is EPS, I suggest you wait for a couple of weeks until your EPF money comes. First you can reach out to your employer and find out what happened to the withdrawal request that was submitted on your behalf. they can tell you how much money should have come to you. If they are refusing to help, go to the nearest EPF Office along with all your PF contribution proof and file a fomal complaint.

      Anand

      Delete
  12. Hie,

    I want to know that i have left my previous comapany and my PF already transfred to new company now when i download my E-statement of PF there is showing Employer distribution and Employees distribution but not reflecting pension amount in transfred amount.

    Please help to find out.

    ReplyDelete
    Replies
    1. Ravi Kumar - EPS Account does not contain any money (technically). Only the years of service gets transferred not any actual money. Check out this article: http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  13. Hi Anand,
    Need your suggestion here!
    Is there any policy to withdraw partial EPF/VPF from company. Please confirm. I need to repay some loan by doing that. Pls suggest.

    ReplyDelete
    Replies
    1. Sure Fazal you can. Check this post in our blog: http://anandvijayakumar.blogspot.in/2010/12/can-i-withdraw-money-from-my-employee.html

      Delete
  14. 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
  15. 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
  16. 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
  17. 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
  18. 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
  19. 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
  20. 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
  21. Hey Anand...is there any article written by you on superannuation.... Regards Manjunath

    ReplyDelete
    Replies
    1. Manjunath - No, I havent written anything yet. Will do in future..

      Delete
  22. 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
  23. 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
  24. Hi Anand,

    I am registered in epf members portal mistakenly I have given pf account number incorrect, when I tried to download my e-passbook it showing another member e-passbook, if I give my account number it showing only one account number under same establishment. How can I correct it and download my e-passbook.

    ReplyDelete
    Replies
    1. contact the customer care service of the website and request them to help you. I am surprised it is allowing you to view details of some other person whose name or date of birth that doesnt match you.

      Delete
  25. Hi Anand,
    I changed my job feb 2013 from employer A which has an EPF account. The new company B that I have joined has no EPF account. Could you please clarify the following.

    a) Is there any time by which the EPF account become inactive if there is no contribution. I have heard that after certain time, the account becomes inactive and it will be difficult to reclaim the fund. Is this true?
    b) In the future if the employer start PF, can I be able to transfer the account to my new one.
    c) As I'm employed but still no active PF account with my current employer, is it legal to withdraw the amount (close the account) from my previous account. What would you suggest?

    ReplyDelete
    Replies
    1. Anoop - See answers

      a. Yes, the account becomes inactive if there is no regular monthly contribution and the longer you wait, the harder it will be to claim the amount accumulated. Plus, once your account becomes inactive, the amount stops earning any interest.

      b. Yes, you can - however at that time your old employer should be available/accessible and cooperate.

      c. As you dont have PF, its ok to withdraw the PF but if you worked for less than 5 years with your old employer, the withdrawal will be taxable

      Delete
  26. Sir
    I worked in a private company and left on Feb 2013. Now that company is almost shutters. Neither staffs nor managing directors are coming. I have an epf account there and want to collect my money but it is impossible to take employer's signature. Is there any way to withdraw without employers sign? Pls help.

    ReplyDelete
    Replies
    1. Anonymous - Do you have proof that you had a PF Account? do you have any statements reg. the latest balance in the account? IF so, take that to the regional PF office near you and explain the situation to them. They will help you.

      Delete
  27. Hi Anand,

    My name is Lakshmi Priya. I have following queries and please if you could help me it will be so great

    1. When i joined my second employer i opted to transfer my pf account and continue with it.
    But now i see that the PF Number is different between the 2 companies. i checked the payslip from both employers. Is there any problem with that
    Does that mean that my account was not transferred?

    2. My E - Passbook also gives me details only from the date i joined my second employer. I worked for first employerd for 1 year and 3 months. That is not listed and i understand that might be because of different PF number. Right?
    Now i resigned my job and no more working. So i gave form to close my pf account to my employer when i relieved.
    Its been 5 months since i releived and there is no settlement till now.

    Whom should i contact to know my claim status

    And will there be any problem in settlement amount since the pf number differ

    ReplyDelete
    Replies
    1. Nisha - Having 2 different PF account numbers is perfectly fine. Dont worry.

      Does the e passbook show the balance that includes the old account or just the new one? when did you initiate the transfer and when did it get completed? the e passbook is usually very outdated and does not contain up to date information.

      To know the claim you need to contact your employer from who you resigned. the usual settlement time is 3-4 months. Since it is 5 months, there could be some problem. they can tell you what is the problem and why it is stuck.

      Delete
  28. Hi Sir
    i was working with a comany 'A' since feb 2007 to feb 2012 and resigned properly and joined some other company 'B' and didnt transferred my EPF account so my new company opened a new one. now as of today my previous company was took over by company 'C' and all the staff was changed. is it possible to withdraw my PF now and what would be the procedure for that. Please help.

    ReplyDelete
    Replies
    1. Kamal - As you are presently employed, No you cannot withdraw the PF. You have to transfer the money from your old pf account into the new one that is currently active as part of your present job

      Delete
  29. Hi Anand
    I left my 1st company in Jul 2013 and subsequently joined elsewhere. I resigned from there in 1st week Feb 2014. I am trying to withdraw pf from my first employer. Am I eligible for the same. Also what documents and forms will I need to submit.

    Thanks.

    ReplyDelete
    Replies
    1. Swatie - Are you presently working anywhere? If so, NO you cannot withdraw. If you are not working anywhere, yes you can withdraw. There are a few forms you need to fill and your employer needs to sign & attest. Talk to your old employer and initiate the process.

      Documents wise - you will be asked for ID proof, address proof and a cancelled cheque as bank account proof.

      Delete
  30. Hi Anand,

    I was working for a company by the name Convergys India Service Pvt Ltd , Worked their for almost 4 years... Recently end of April, have applied for PF but when I contacted my company for the same got to know that in company records my name is Raman Singh Baloria where in all others documents & bank my name appear as Raman Singh.

    Post talking to authorized person for PF query in my company have attached Affidavit which states that Raman Singh Baloria & Raman Singh are one of the same person & please transfer money to bank account which is with the name of Raman Singh.

    Also on 1st of May, PF form has been submitted to Gurgaon EPF Office & got a Text to from them that on 7th of May both the form has been received by then & it's under process.... it's been almost more than 20 days but still money hasn't been credited to my account.

    So just want to know if have done everything right or still if there is anything that needs to be done as nothing has been told by the EPFO guy at the time of form Submittion.

    Please reply fasr sir.....

    Thanks & Regards,
    Raman Singh

    ReplyDelete
    Replies
    1. Raman Singh - The usual time it takes for the money to reach your account, after approval is 4 to 6 weeks. Wait for the sms that says - your request is approved and once you get that, you will get the money within the next 4 to 6 weeks.

      Delete
  31. Dear Sir,
    I am working in partnership firm, about to complete 6 months, it is my first job, they have still not given me any appointment letter or offer letter or ID, even salary is paid in cash, I want to change my job, but they even not provide reliving letter, do I will get job without such letter or I'm in big trouble and will face difficulty in searching new job, please do reply.

    ReplyDelete
    Replies
    1. Yes, a relieving letter is important when you join a new job. But, it is not mandatory. Some companies may hire you even without the letter.

      Delete
  32. Hi Anand,

    Thanks for good work u are doing.

    I worked in one of reliance group company for 3.5 years from 2007 to 2011, which has their own PF trust.
    In 2011 switched to my current company. last year I have applied for PF transfer from reliance to new company.
    I got cheque from reliance which my current company submitted to PF office. but after some time when I enquired about cheque status, PF office told us that they have misplaced the cheque, and asked us to resubmit the new cheque.
    Now when we have again sent request to reliance for re-issuing the cheque, they stopped replying. when I asked my ex-colleague to enquire about status, then person from reliance PF department told him that Old reliance group company is closed and all employee shifted to new group with new PF account. and they have utilized all previous fund. now they have asked some permission from central govt. so till that time they can't issue the cheque. and they don't know how much time it will take.

    Please suggest what should I do?

    ReplyDelete
    Replies
    1. Ankit - A company cannot just utilize all the previous funds and answer past employees like this. Consult a good labor lawyer and they can help you here. Your PF is your right and you will get that money irrespective of whether it was a private trust or maintained with the EPFO

      Delete
  33. Dear Sir,
    I have applied for PF withdraw documents to my employer on 6th April-2014, and now then they submit the documents to PF office 9th may 2014, when I check the status it show as "DOCUMENTS RECEIVED ON 09.05.2014 IS UNDER PROCESS." can you please tell me how days its will take to get my money
    Thanks
    Raj GS

    ReplyDelete
    Replies
    1. Raj - The processing time is usually 6 to 8 weeks and you will get an intimation once it is approved. you will get the money within 4 to 6 weeks of approval date

      Delete
  34. Hi
    i have a question. I am switching job. I wish to create a new provident fund with the new employer. Will it be a problem to have two EPFs under my same name? Thanks in advance.

    ReplyDelete
    Replies
    1. yes anonymous, having 2 pf accounts is incorrect. As you are going to join a new job, you must transfer your old pf account onto the new one. The old one will get closed once the transfer is complete

      Delete
  35. Hi Anand,

    I was switched to new company and opted for pf transfer , PF transfered to new account and old account says settled, but my pension fund is not transfered. please guide me to get my old account's pension fund.

    Thanks,
    Karthikeyan

    ReplyDelete
    Replies
    1. Karthikeyan - You need to get a scheme certificate for the transfer of the EPS funds/experience from your old job to the new one. talk to your old employer about the same.

      Note: For EPS - no actual money gets transferred. Only the no. of years of exp gets continued on...

      Delete
  36. Dear Anand,

    I was working in a Logistics organization at Mumbai for 25 months and quit my job on Oct 2013 for pursuing higher education at Chennai. During my employment I accumulated approx 52K as PF (as per the PF account Statement). After months of constant communication with my ex-employer, the EPFO Mumbai called me last week saying they'll remit the PF by 10th June. But today I received approx 12 K from EPFO.

    My question, Is this normal for the EPFO (Bandra) to remit the PF in batches or should I to approach their grievance cell ?

    ReplyDelete
    Replies
    1. Christopher - you will usually get two things - your EPF and EPS. This 12k is probably the EPS. Wait for a couple of weeks and you should get the EPF. If you dont get that even after 1 month, better reach out to their grievance cell

      Delete
    2. Thanks a lot Anand. I've been clueless but your words were enlightening. May your service to the community continue! Thanks again.

      Delete
  37. hi anand,
    kindly advice. how to get clarify is my old pf is transfer to new pf account. even i have taken the epf statement . in the statment i can see only the entry for new organization but my old pf was settled to new organisation by cheque which is also honoured. kindly help me.

    ReplyDelete
    Replies
    1. Harish - The epf website is not up to date. It gets updated only once or twice a year. Ask your employer to provide you with the epf statement and that should show the old balance that got transferred plus the contributions that happened as part of your current job.

      If this statement does not reflect the old balance then you need to check what happened to the transfer request and why it is not reflecting in your present account.

      Delete
  38. Hello sir

    I have received an sms stating that my claim has been approved for payment through cheque. Payment is under process...
    How many days should I expect for the money to get transferred? ?

    ReplyDelete
    Replies
    1. If the claim is processed via cheque, you will receive the cheque to the address you filled in the withdrawal form within 4 to 6 weeks.

      Delete
    2. Thanks for your reply sir..but I have stated in the withdrawal form to deposit money in my account directly?? Is it totally depended on the pf office through which medium they will issue the amount??

      Delete
    3. Usually a cancelled cheque is to be submitted when you submit your forms. If that was done, the money will get deposited into your account directly. If you did not do that, they will send a cheque.

      Delete
    4. Yes sir I have send a cancelled cheque along with my form..

      Delete
    5. Cool then. You can wait for a few weeks and you should get the money into your bank account. usually the money reaches your account within 4 to 6 weeks of the request being approved.

      Delete
    6. Thanks a lot sir for your advice. .

      Delete
    7. I received my claim today :) thanks a lot..

      Delete
  39. Hi
    I was working with a company for 6 months in 2006-2007. The company got shut down.I don't remember the PF acc no. and neither they have provided on the salary slip. Though I have obtained the establishment code from EPF site but only my acc no. is not there. Plz help how can I withdraw my PF. Thanks in advance

    ReplyDelete
    Replies
    1. Visit your nearest epf office and inquire there. Unfortunately, without the pf acc number they also will need time to help you.

      Delete
  40. Dear sir,
    My name is wrongly entered in my PF account as MANI SANKAR, But my correct name is MARI SANKAR. Here my doubt is , what it would create any Problems in my claiming ?

    What is the formalities to change or correct my name in PF account? please tel me briefly...

    ReplyDelete
    Replies
    1. As I said before, incorrect name in your PF account will definitely create issues when you claim the money. Consult your employer, they will have the forms required to submit a change of name. An affidavit will be required to confirm your correct name and that the original name entered was a mistake. Once the request is submitted, it will be updated in your pf account.

      Anand

      Delete
  41. Hi

    I worked on company called Axis-v from the period sep-2011 to jan 2014. Along with me more than 16 members didn't got their PF. My company didn't contribute both our contribution and company's contribution. What is the proper way to get the pf?

    ReplyDelete
    Replies
    1. Vasan - Please consult a good lawyer who specializes in labor matters. You can file legal proceedings against your company to claim the amount.

      Delete
  42. Hello Anand,

    Please find the below mail from my previous employer does it really take so much of time and is the below information accurate?

    This is to inform you that we have submitted your PF claim forms to PF office, Chennai on March 20, 2014. You would be able to track the status of your application at http://epfoservices.in/homepage_claim_status_new.php after 4 months. As you are aware, the process and timelines are beyond our company's purview. However, from the current trend, we understand that the settlement might take 5 months from submission of the closure form.

    Regards,
    Vishu

    ReplyDelete
    Replies
    1. Vishu - Yes, it takes that much time. Companies can submit your withdrawal forms now but they will be picked up for processing only after 3 months because you are eligible to withdraw your pf only if you are going to be unemployed for at least 3 months.

      Once they pick for processing they will take another 4-6 weeks to process and pay the money. That is why they are giving you this timeline of 4 to 5 months.

      Anand

      Delete
  43. Hello Anand,

    I have 2 PF accounts in India. I moved to the US in 2012 and have since been working here. I now need to withdraw money from both these PF accounts. I have a savings bank account in India which is still a resident account. I have 2 questions in this regard.

    1) Can i withdraw money from both these PF Accounts.
    2) Is it valid to get the money transferred to my resident savings bank account or do i need to get an NRO account opened in India.

    thanks

    ReplyDelete
    Replies
    1. Anonymous - See answers:

      1. Yes, you can.
      2. I am not sure whether PF Office will deposit the money into an NRO Account. At the same time, being an NRI, holding a resident indian account is not correct. So, it is better to consult the PF office when you visit india and complete the formalities.

      Delete
  44. Hi Anand,

    I need your help regarding my PF.

    I started my career with company A in Nov, 2007 and worked there till May 2010. While leaving company A i withdraw my PF and i got the amount within 4 months.

    Then i joined company B from May, 2010 till Sep 2013. then i joined company C on Sep, 2013 and will leave it in July 2014 to join company D. I neither withdraw nor transfer my PF of company B. When i contacted B for withdrawing my PF they Gave me below information:

    -------------------------
    Tax is applicable if the service period (membership) is less than five yr.

    FYI- As per Schedule IV & Rule 8 of the Income tax Act, if a member withdraw PF accumulations from a Trust before completion of 5 years membership then TDS has to be deducted from the PF accumulations settlement.

    TDS is calculated as below :
    Employee own share : we withdraws all the benefit availed by the employee during his service period as per form16 available.
    Employer Share + Interest : We deduct tax @30%
    -------------------------

    Pls confirm if these details are correct and large amount of TDS will be deducted?

    Also pls let me know if i can transfer the PF amount of B & C to the new organization D.

    Thanks in advance.

    ReplyDelete
    Replies
    1. Yes anonymous - Withdrawal of PF corpus within 5 years of service attracts taxation and whatever your employer has mentioned is correct.

      And yes - you can transfer the PF amount from both employers - B and C to your new Organization D.

      Delete
    2. Thanks Anand for your quick reply.

      Delete
    3. Hello Anand,

      If i withdraw my PF of company C and transfer PF of B to new organization D, then pls confirm if my PF account duration would be B+D and the duration of C would be discarded.

      Thanks in advance.

      Delete
    4. Theoretically Yes. But, if you are currently working/employed, you should not withdraw your PF from one of your older jobs. You should transfer that to your current PF Acc.

      Delete
  45. a person cheated 18,00000 money from 25 persons for getting job. then he gave a fake appointment order. then i lodged complaint police. after that he commit suicide. can i get the money back from the PF ammount

    ReplyDelete
    Replies
    1. Hi - I dont understand. How come you expect to get the money back from PF for someone cheating money by giving fake job appointment letters?

      PF gets contributed once you get a proper job and after you work for that company you can withdraw the money when you resign. You should contact the police and request them to help you get the money from the person who cheated you

      Delete
  46. Hello Anand,
    Thanks for your service / help. In 2003 to 2004, was working in one company & left the company without closing / transferring my PF account (amount). Is it possible to find my PF account..? I have my PF number with me.

    How & where I can get this information. (I checked EPFO website, its says incorrect data, as it is updated(have data) from 2013 on wards...

    Thanks,
    Ramesh

    ReplyDelete
    Replies
    1. If you are currently unemployed you can get the money withdrawn and if you are currently working you should get it transferred. Eitherways you should reach out to your old employer and request them to help you withdraw or transfer the money.

      If they refuse, you can contact your regional PF Office and request them to help you. Dont forget to take your PF Acc details when you go here.

      Delete
  47. Hi Expert,

    My PF account is active since 1 October 2011,But I left the job in December 2013 for further study ,So my account is in inoperative since then.Below is my pf account summary on June 2014 :

    Closing Balance as on : 30/04/2014

    Employee Share : 49642

    Employer Share : 33018

    Pension Fund : 14878




    Due to financial need, I want to withdraw that now... how much amount will be deducted as tax? How much amount I'll get?

    Please answer ASAP so that I can take my decision accordingly.

    Thanks in advance.

    ReplyDelete
    Replies
    1. Lalit - First of all, Pension Fund balance will not be returned to you. The amount you get will depend on your last drawn basic salary and the no. of years of service. Check out this article: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      For PF withdrawal - TDS deducted varies from case to case and is usually around 10% or 15% of the balance withdrawn. However, the actual tax amount is different. Here, your EPF Balance is Around 82k and this will be added to your income for this financial year.Lets say your income for this year is 5 lakhs and you withdraw this money, your total taxable income for this year will be 5.82 lakhs. If you arent working anywhere right now, this money is less than the annual minimum exemption limit and you wont have to pay any taxes. In such a case, if the PF Office deducts TDS, you can still file a NIL Tax Returns and get a refund of the money they deducted as TDS.

      Delete
  48. Anand,

    I withdrew my pf amount from my previous employer. Since I had 5+ years of service, there was no tax deducted. I then joined another company with EPF account and then quit before 5 years. I am planning to join a start up company that will not have EPF account.

    What are the options I have not to get my money taxed? There is a need to it because there is some amount of money being put in my EPF account and i have planned based on that money. If the tax is cut, I will not be able to execute the plans.

    If I don't withdraw money for a total period of 5 years (Since the account is opened) and of course the contribution will not be there, and withdraw after some gap, will my withdraw money be taxed?

    ReplyDelete
    Replies
    1. Anonymous - Sorry. No, there is no way to withdraw the money without paying the Tax. Even if you wait for 5 more years and withdraw it, the withdrawal will still be taxed because the age of the PF Acc is measured in terms of the no. of months where contributions happened. The moment you stopped working, the PF Accounts age stops as well.

      Delete
  49. DEAR ANAND JI,
    I AM WORKING AN MNC COMPANY WITH 11 YEARS AFTER MY JOB HOW TO GET MY PENSION ( FUND) PLZ TELL ME

    ReplyDelete
    Replies
    1. Anonymous, Pension Fund balance will not be returned to you. The amount you get will depend on your last drawn basic salary and the no. of years of service. Check out this article: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Once you retire, you can fill-up the requisite forms and submit them to the EPF Office and they will process the pension and make payments each month.

      Delete
  50. Hi Anand,

    What is the amount on which compound interest is given. If I had deposited Rs.100 per month from April to March. Then will I get interest on Rs.1200 at lets say 10% for one year i.e. 120 or will I get interest of Rs.1200 for twelve months, Rs. 1100 for Eleven months, Rs. 1000 for Ten Months.... i.e. less than 120?

    And, in case of VPF one gets interest on a monthly basis, but is this simple interest or compound interest.

    Thanks for the post :)

    ReplyDelete
    Replies
    1. Hi - Based on my understanding, it is simple interest not compound interest. Interest is credited to your account at the end of each year. interest will be calculated based on your balance as of the past completed month

      Delete
  51. Hello Anand,

    I worked in a organization from 2008 to 2010. I want to withdraw the pf now from the organisation in which I had worked from 2008 to 2010. I wanted to know if this withdrawl will be taxed? I have not transferred the pf balance from this account to current organization as i have heard that there are a lot of hitches in transferring PF. Please let me know if this will be taxed.
    Thanks and Regards,
    Jayesh

    ReplyDelete
    Replies
    1. Jayesh - Yes, the transfer of PF Process has a lot of hitches but if you are moving over to a new job, you are not supposed to withdraw your PF. You should get it transferred.

      A lot of people withdraw the money but it is not correct. Anyways, if you want to withdraw now, the amount you withdraw will be FULLY TAXABLE.

      Delete
  52. Sir,
    My name and DOB in PF account is not correct. I informed about this to my employer. She told that there is no problem, she will change name and DOB at the time of withdrawal of PF amount. But I have no idea of withdraw PF amount right now. Employer told that she PF office only give permission to employer yearly once. Is it true? Is there any problem in future because of incorrect name and DOB??

    ReplyDelete
    Replies
    1. Yes, having your name or DOB incorrect in your PF Account can cause a lot of problems in future. It is best if you discuss with your HR department and get them to fix this problem immediately. Waiting until you actually want to withdraw or transfer it could result in a lot of delays for you

      Delete
  53. hi,


    I am currently employed at ibm india pvt ltd and serving the notice period after resigning from the company.i want to withdraw my pf balance.but my company is demanding some 25000 rupees(given by company as joining bonus) for final settlement.and when i come across the form 19 there is a section where the attestation of employer is necessary and i dont have form 3A with me.even if i take attestation of my bank manager or gazette officer what can i do for form 3A .

    i am very new to this .this was my first job .i am leaving this job for continuing my higher studies.i badly need money for that.....please help me regarding the problem.

    ReplyDelete
    Replies
    1. Anonymous - Most companies will demand the joining bonus if you resign before completing a minimum no. of years of service. Though they are not supposed to threaten you with the PF Settlement, most companies still do it.

      Anyways - The attestation by bank manager will only be accepted if your employer is no longer reachable or has closed down. For a company like IBM, even if you get the manager signature, the request will be rejected because what is the guarantee that you are no longer employed with IBM?

      I would recommend you try to negotiate with your HR Department, explain the situation and try to come to a consensus. Without their signature getting the PF money is extremely difficult.

      Sorry for not being able to help.

      Anand

      Delete
  54. Hi Sir,

    I want to know the entire balance in my Provident fund since my joining in the company. Please suggest.

    ReplyDelete
    Replies
    1. Contact your employer. They can generate such a report.

      Delete
  55. hi sir,

    i worked in a organisation from dec2006 to june2009 ,i am submitted forms for pf settlement in 16th may 2014.when i checked my epf status the result i am getting is no record found.when checked for my epf balance giving that your account is marked as in operative account.how many daya it will take to get my pf.

    ReplyDelete
    Replies
    1. Usually it takes 6-8 weeks to process from the date the form was approved. Contact the company to find out whether the request is approved. If so, you will get the money soon.

      Delete
  56. Hi,
    I work for a company in Hyderabad,we have branch at Vijayawada. Due to bifurcation of state,do we have to open a new EPF account for our branch also,or can we pay from the existence account. Please suggest. Thank you.

    ReplyDelete
    Replies
    1. I dont think so. The account should continue. Anyways -this is a brand new situation - state bifurcation. so, maybe once your company takes this decision you could let me know for the benefit of everyone in this blog.

      Thanks

      Delete
  57. Dear all, I am doing job and pf also cutting and I want to do other job but there also pf is cutting so they are not allowing me. Is there any way to do both job? Because both job I am not doing same time one day time and one night shift. So PF Office can inform both companies?

    ReplyDelete
    Replies
    1. Anonymous - Taking up two jobs without the knowledge of the other is risky and you may end up losing both of them, Its better to consult with your primary employer, request their permission and then take up the 2nd job.

      Note: Having two active EPF Accounts at a time is wrong and you cannot have two companies depositing pf into the same account. I have never encountered such a situation and hence I am sorry for not being able to help. Consult with your nearest epf office. they may be able to help you

      Delete
  58. hi anand,
    good morning.
    I heard that if I want to stop deducting my PF if I show my insurance Policy from Insurance Company. because insurance is one type of saving.
    is it possible or not???????

    ReplyDelete
    Replies
    1. Ankit - No and No.

      First of all, Insurance is not savings. Second of all, whether you have savings outside or not is immaterial. If your company offers EPF to its employees, you will get too. You cannot make them stop deducting it.

      Delete
  59. Dear Sir, In case I am taking Voluntary Retirment at age 50 after more than 28 years service, is it compulsory to withdraw PF or can I continue to contribute even though I do not earn a salary? Is this allowed? If yes what is the process? Thanks

    ReplyDelete
    Replies
    1. Hi - Irrespective of whether it is voluntary retirement or retirement due to max. age, you cannot contribute to the account any more.

      Note: Whether you want to withdraw the money or leave it with EPF office is entirely your decision. Remember that your account will stop earning Interest after being inactive for 3 months. Also, the longer you wait to withdraw, the harder it would be to get your old employer to actually help with the withdrawal proceedings.

      Delete
  60. Dear Sir, I have a query related to PF withdrawal. Please help me with this query. I am not getting reliable answer from anywhere. I hope, you can surely help me.
    I worked with an organization for 4.9 years, from Dec 2008 - Aug 2013. And then moved to a new company in Sep 2013. I haven't transferred the PF account held by previous company to my current company.

    Now I want to withdraw my PF amount.(I know you have mentioned that its not legal. We must transfer the PF account. But in some cases, PF withdrawal happens). I want to know that if today I submit the document for PF withdrawal then will tax be deducted from my PF balance?

    My continuous service period was 4.8 years but its been more than 5.5 years since PF account was opened. So basically while deciding on tax calculation, which time period (4.8 OR 5.5+ years) will be taken into consideration.

    Please clarify my doubt.

    Thanks in advance

    ReplyDelete
    Replies
    1. Hi Pooja,
      If you are currently employed in the company that you joined in Sep 2013, as you right understood, you are not supposed to withdraw your EPF. It must only be transferred.

      Also, as you said a lot of people actually withdraw the PF even though they are not supposed to. Anyways, if you withdraw the money from that old PF account, your experience will be considered as 4.8 years and whatever you withdraw will be fully taxable.

      For ex: If your current salary is lets say 6 lakhs and you get Rs. 1 lakh as PF withdrawal, your total taxable salary for this financial year will be 7 lakhs.

      Note: If you transfer the PF now and then withdraw when you leave this organization, the experience for both PF Accounts will get added up. If you dont, you have to work with your current Org for at least 5 full years failing which your withdrawal from this company will be fully taxed to.

      Anand

      Delete
  61. Hello sir

    I worked in an organization for 22 months

    Did not serve the notice period and left the company

    Its been almost a year for leaving the organization.

    Now I filled up the form and send it to HR

    But they are not forwarding it to PF office while saying that your full n final is pending till then it will not done. We don't send it...

    Sir I also do not have PF no as well


    Pls give reply how I can avail the amount of my dedustions of pf


    Regards
    Rakesh

    ReplyDelete
    Replies
    1. Rakesh - Without knowing your PF Account number, unfortunately there is not much you can do if your company does not cooperate.

      For withdrawal of PF your old employer would have to sign the declaration/forms otherwise the withdrawal will not complete. As you left them without serving your notice period, you can try to reach out to them to try to smooth things out and get their help. As per regulations companies are not supposed to withold the PF for such cases like yours where people leave abruptly. You can try to legally pursue the matter with the help of a lawyer but remember that you were legally bound to serve your notice period which you did not. So, if you pursue this route you will be forced to make the full and final settlement as well.

      If the amount you owe your company is smaller than your PF, it is best if you come to a compromise with your employer and close things smoothly

      Anand

      Delete
  62. Hi Sir

    i was working with one beurocratic company in noida and i have resigned from there they didnt accepted not rejected my resignation.
    now they are not even paying my full and final and PF as well. what options i can follow please give me some advise.

    ReplyDelete
    Replies
    1. Consult a good lawyer who specializes in labor laws. They can help you

      Delete
  63. HI SIR,

    MY PF IS DEPOSITED IN ANOTHER ACCOUNT OF EMPLOYEE OF MY COMPANY INSTEAD OF MY PF ACCOUNT.I AM FACING LOTS OF PROBLEMS.NOBODY IS HELPING ME FROM MY COMPANY SIDE.WAT SHOULD I DO TO RECTIFY THIS MISTAKE. PLEASE HELP ME

    THNX

    RAJ KUMAR

    ReplyDelete
    Replies
    1. Raj - Your employer is the best person to help you. They can produce the requisite records to prove to the EPF Department that the money got credited into someone else's account. If they arent helping, visit the regional PF Office where your account is maintained and explain the situation to them. They may be able to help you

      Delete
  64. Dear Sir,

    I working with an organization for 1 years, from aug 2013 to till date but when m cheking pf online not display my pf balance display error on the screen (Invalid Input / Member name mismatch against this MH/BAN/0043576/000/0000737)

    Please clarify my doubt.

    Regards
    Sanjay

    ReplyDelete
    Replies
    1. Sanjay - The EPF Website is not up to date and there are numerous cases where relatively new accounts (that opened in 2013 or later) are not found in the site. Check with your employer to double confirm the PF Acc number and if the number you used is right, then you can check out after a few months to check if they have updated their records.

      Delete
  65. Dear Sir, can you please mention what is the maximum amount of money that an employee earning above Rs.6500 per month can contribute to his/her EPF account?
    And then suppose a person deposits Rs.1500 to his EPF account, will his employer contribute the same amount i.e. Rs.1500 to his account?
    Lastly, what is the possible growth rate in contribution to EPF account per year if an employee starts working at 24 years of age and retires at 60?

    ReplyDelete
    Replies
    1. Anonymous - See answers.
      1. No, there is No upper limit. The amount you contribute (Min/Max both) is 12% of your basic salary
      2. If 12% of your basic is 1500, your company will also contribute 1500. Read this to understand the breakup of where your money goes: http://anandvijayakumar.blogspot.com/2013/03/employee-provident-fund-demystified.html

      3. How much your EPF grows depends on how your salary grows. If you earn 1 lakh per month you will contribute 12000 from your side and another 12000 from your employer side. Depending on how much you contribute, your end amount would vary.

      Anand

      Delete
    2. Thank You so much

      Delete
  66. Hi Anand,
    I left the company without serving notice period,currently I am unemployed.My employer refuse to sign on pf form & they are not forwarding to pf office.I have contacted to them. they asked Rs 5000 as recovery amount.I dont know what to do now.Can I take regional pf help or can i submit pf form directly to pf office.
    Please advice

    ReplyDelete
    Replies
    1. Sandeep, even if you submit the forms to the regional pf office, they will ask for your employers stamp and signature to confirm that you indeed worked with them during that period (as you claim). I would suggest you talk to your employer and settle the matter amicably.

      Note: In cases where the employer does not cooperate for PF withdrawal, you can actually file a legal complaint against them using a lawyer but in your case, since you did not serve your notice period, the case may backfire because the company too could sue you for leaving them abruptly. The best course of action for you is to settle things smoothly.

      Delete
  67. Hello Anand
    Actually i left my previous organization six months back and i applied for my pf on last Monday 6th 2014 and can you please Tel me how long it will take to get my pf amount????

    ReplyDelete
    Replies
    1. It will take 4-6 weeks from date of Approval. You should get a notification once your request is approved.

      Delete
  68. Hi All,
    Please let me know the process form employer side for EPF Withdrawal.
    Thanks,
    Veerabhadra.

    ReplyDelete
    Replies
    1. Hi - The Process from an employers side is more complex than from an employees side. Not only do they actually submit the filled up forms, they have to attach proof of remitting PF and a lot of supporting documents. Its best if you talk to the company where you are working to know more about this.

      Delete
    2. What are all the supporting documents required?

      Delete
    3. As I said - That is a question to the employer. I am not aware of all the processes from an employers side.

      Thanks.

      Delete
  69. Dear Anand,
    I had one inoperative epf account from my earlier job which I left on July 2009. (The last entry in my epf account due to some pay arrear was in November, 2009). Subsequently, I joined another job in July, 2009 itself and got a new epf account number. I have not applied for transfer of my earlier epf account to the new one. It has been five years. Now I have applied for the transfer. Through your site I learnt that I will not get interest after 36 months of leaving my earlier job i.e. for 2 years interest have not been credited with my old account. But while surfing net I came to know that there is also some order on it that if one transfers his inoperative account to the new one even after 36 months then he/she will get interest with retrospective effect for the period beyond 36 months. Can you elucidate on it. Will I be able to get interest for the entire 5 years.
    G.Singh

    ReplyDelete
    Replies
    1. Gurmeet - I am not aware of any such retrospective interest payout options available. Ideally - leaving your account idle for extended periods is not advisable.

      Anyways - as you are employed right now, you should transfer the current balance in your old/inactive account into your current pf account. Once the transfer completes, the entire funds will start earning interest from that point onwards.

      Anand

      Delete
  70. dear sir,
    my sister is working in an private school in Coimbatore she is paying 2000 rupees as pf and esi from her salary (9000) and she is not given with an account number and pay slip.no evidence of her money payed in pf office.only the employee contribution is there not from the employer side.not only for her everyone in the school is same.please help us.

    ReplyDelete
    Replies
    1. Pls contact the regional Pf office and explain the situation. They can help you.

      Delete
  71. Hello Anand,

    Thanks for your article. It helped clear many of my doubts.
    A few questions about PF withdrawal and tax. I had withdrawn my entire PF in Dec 13 after ~3yrs of work to pursue studies. I noticed that no TDS was deducted(nothing on form 26AS) for the PF+EPS amount. I tried to check on other sites how to pay tax for this amount.

    They mention that Employer contribution + interest on that to be taxed as Salary while Interest from Employee contribution goes to "Income from Other sources". http://www.livemint.com/Money/TEaAmKA3VMXnqV9poS633H/Tax-on-PF-withdrawal-depends-on-your-income-tax-slab.html

    Shall I also add Employee contribution to salary for that year?
    How about the EPS portion? Isnt it taxable?

    Would appreciate if you could shed some light on this.

    Regards,
    MSusai

    ReplyDelete
    Replies
    1. Susai - Yes, your EPF (Employee Contrib, Employer contrib and Interest) is fully taxable if withdrawn before 5 years. Yes, your EPS is also fully taxable.

      Delete
    2. Thank you Anand

      Regards,
      M Susai

      Delete
  72. I was working in a company from jan-13 to Aug-13 and left then i joined another company.....now when i am trying to check my balance from epfservise.in site..its showing very less amount and showing like accounts updated upto 31-03-2013......so plz suggest.

    ReplyDelete
    Replies
    1. Chinmay - The epf website is not up to date and backlogged by at least a few months. If you want the latest balance, talk to your employer

      Delete
  73. sir i forgot that what signature doing in the epf so what i doing

    ReplyDelete
    Replies
    1. Do you mean, you dont remember what signature you used while opening an EPF account? Just use your current signature and if a query comes you have to prove that the old signature was indeed yours.

      Delete
  74. sir, i resigned my job in 2010 and i claim withdrawal in 2014. will i get interest for the 4 years?

    ReplyDelete
  75. Hi, there has been a mistake in the relationship details of my current PF account as a result I'm not being able to transfer my previous employer's account to current one. While my previous account had my father's name and relationship was rightly assigned as "Father", in my current PF account details, my husband's name has been provided and the relationship is still assigned as "Father". Please provide your suggestion on how to rectify this so that I can tranfer my account. Thanks.

    ReplyDelete
    Replies
    1. Anonymous - You will need to first ask your current employer to update your particulars correctly. Once that is complete you should be able to finish the transfer. Your employer should have the requisite forms that are needed to be filled-up to get the relationship status updated.

      Talk to your HR department

      Delete
  76. Hi Anand VijayKumar,

    I Have a question, Let me explain my situation.
    I have worked with a company ABC and left in the year Dec-2006 and joined with DEFin Dec-2006, and i have applied transfer of PF from ABC to DEF, dont know whether it has been transfered , and i left DEF and joined Company GHI in the year June 2007 and and i have applied transfer PF from DEF to GHI, not sure whether it has been done, i left GHI in the year 2009 and joined with company JKL in the year 2010, this time i didnt transfer or i didn't with draw,
    Now i have two questions :-

    How to know know whether all the PF"S have transfered into the account of GHI PF Account?
    Can i transfer or WIthdraw PF money of GHI Account ? What is the best option to get the PF money that got accumulated in GHI PF Account?

    ReplyDelete
    Replies
    1. Sathya - You cannot transfer money from an inactive account into another inactive one. Are you employed right now? IF not, you can withdraw from all these PF Accounts but there is a catch - since all these employments lasted less than 5 years each, you have to pay tax on all of the withdrawals. plus, you can only withdraw if you are currently unemployed.

      If you are presently employed, transfer all the money from all of these accounts into your currnt pf account and then try any of the legitimate withdrawal reasons to get your money. You can check out the legit reasons here: http://anandvijayakumar.blogspot.sg/2010/12/can-i-withdraw-money-from-my-employee.html

      Delete
  77. My organisation is deducting PF from my salary for the past 2 days but the organisation is not having an account with the PF office. When contacted my office they say they are in the process of creating the PF account.

    What should i do now since the amount deducted from my salary has not been deposited?

    ReplyDelete
    Replies
    1. 2 days? Usually opening an account takes about 2-3 weeks and if your employer remits the money properly, you will get interest from the date the money was remitted. So dont worry about it.

      If after 2 months ur account is not created and they are still deducting pf money, then talk to the epf office about next steps or consult a good labor lawyer

      Delete
    2. Sorry Sir its a typo error. Its been 3 months. The company is deducting PF but has not created any account with the PF office.

      Delete
    3. If it has been 3 months, there could be a problem. Talk to your employer and find out what is delaying things. IF they dont respond properly, visit your nearest epf office and inquire about your options. you can also consult a good lawyer who specializes in labor laws. They can help you

      Delete
  78. Hi, I am employee of one of the private company. But don't have 20 employee strength but also company started PF very less amount deduction by taking request from PF office. Can I increase PF amount more than current deduction?

    Another Question: If suppose company has less than 20 employee and company not deducting PF. Then in that case, can employee start PF deduction individually from PF office?

    ReplyDelete
    Replies
    1. Hi - No, you cannot change the amount. The amount is usually 12% of your basic salary. If your basic salary is 10000 then you can contribute only 1200 into PF. You can consider VPF - voluntary provident fund instead.

      No, you cannot open an individual pf account without your employers commitment. The money has to be deducted and remitted by your employer. you cannot transact directly with a pf acc.

      Delete
  79. Hi... I work as a contract employee in an overseas Embassy situated in Chennai. I am not eligible for Bonus or PF. I am paid a consolidated amount per month. My salary would get revised as per the 'Pay Commission' notified by the Central Government once in 10 years. But, however, there would be a small DA revision in my salary for every 6 months. Foreign staff at this mission are 17 and Local Indian staff are 10 members. My question is, Will it be possible for me to open a PF account in my name and remit the monthly contribution in the PF office? Else, what are the other options I have for remitting little money every month and get the same benefit of having a PF account? Kindly clarify.

    ReplyDelete
    Replies
    1. Anonymous - No, an individual cannot open a PF Account by himself. Only his/her employer would have the rights to do that. You can consider PPF and other safe investment options. Note that PF is very peculiar and there is no other investment that matches the PF. I have published a book on safe investment options in India which you can consider. check it out here: http://anandvijayakumar.blogspot.sg/p/books-by-this-blog-author.html

      Delete
  80. Hi Anand,

    I need your assistance on below mentioned points:

    1.Can existing employees open a new PF account in middle of the service.What is the process for them?

    2. Should we create a policy that we will be deducting PF only once an employee completes 6 months with us? -To avoid PF work load of employee,who resigns/leave before 6 months.

    ReplyDelete
    Replies
    1. Harish,
      No, an employee cannot open/close their PF Accounts in the middle of their service. The account gets opened when an employee joins and is closed when they leave. The only deviation with respect to opening an account is permissible when the company doesnt have enough employees for being eligible to have PF accounts and attains the eligibility after a few months. At that point you can open an acc for all employees.

      You can check with the PF office about Q no. 2 because based on my knowledge, you are expected to open a pf acc when you join a company. You cant wait 6 months to do so.

      Delete
  81. Dear Anand

    Can a employee directly submit his/her application to withdraw the PF amount without indulging employer in it..

    If yes then what's the process ?

    ReplyDelete
    Replies
    1. Rakesh - If the company is still operational/functional - NO. It is not possible. If your company is shutdown/closed off permanently you can visit the regional EPF Office and inquire the formalities

      Delete
  82. hi, How much time does it take for payment after getting this msg?
    AGAINST Member Account No (xxxxxxxxxxxxxx) has been approved. Payment is under process.

    ReplyDelete
  83. I worked in my previous company till July 2009 and joined the present one in July, 2009 itself. I applied for epf transfer in 2010, but it did not get transferred. Initially I did visit epf office quite often but later on due to preoccupation I did not get the time. Recently when I again visited epf office they asked me to submit the transfer form again as the earlier one was not traceable. I submitted the new form and this time my epf got transferred. But my account has been credited with only interest upto 2012. I was told that as my account may inoperative I will not get interest for 2012-13 and 2013-14. My questions are 1) What is the way out to get full interest upto 2014, 2) How can I get my pension account transferred ( had rendered 10 years of service in my previous organisation and 5 years in the present one) and 3) where will the information of pension account be reflected. Thanks
    G. Singh

    ReplyDelete
    Replies
    1. Gurmeet - see answers:
      1. Unfortunately, a PF Acc stops earning interest after being idle for 3 years. So, there is not much we can do here. You can try filing a grievance with EPF office and highlight the fact that you submitted the forms on time. But, since your original request is untraceable, most likely the complaint will be closed stating that the request wasnt received on time.

      2. You can obtain something called a "Scheme certificate" for your EPS contributions and once you submit that to your new employer, your total experience as per eps wll be 15 years. As your PF is already transferred, there is a 99% probability that your EPS experience also got transferred.

      3. Your employer will be able to find out the information with respect to your PF or EPS experience. There is no centralized location for us to find out by ourselves. Talk to your current employer and they can find it out for you.

      Delete
  84. Sir I need clarifications on the below mentioned queries.

    1. Is the ceiling limit for PF has been increased from Rs.6,500/- to Rs.15,000/-? If yes from when it becomes applicable?

    2. If the basic salary of the individual is less than Rs.15,000/- say its Rs.10,000/- pf will be calculated on 15k or 10K?

    ReplyDelete
    Replies
    1. Anonymous - The PF ceiling rule is already in force. The amount considered for PF will be Rs. 15,000 or your Basic salary - whichever is lower. So, if your basic is 10k, your PF will be calculated based on that only.

      Note: 15k is the minimum upper threshold but if your company is willing, they can contribute 12% on your basic even if it is 50k.

      Delete

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