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Form 19/10c-unsettled amount

31 July 2016

on a pf claim, my frnd got form19 settled and form10c rejected. if she has recd 10lacs in form19 what xould be the amount still left over in her pf account ?

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3 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 03 August 2016

As per present rules

form 10C payment would be payable only after attaining 58 yrs of age. if the member is working in another establishment, then the member can transfer the amount to current establishment, otherwise wait upto age of 58 yrs

..............

for getting a rough calculattion

n(8.33/15.67) = acount 10 accumulation

where "n" is the form 19 amount, however the inretrest is also included in payment, so a little variation may arise

Amirtha Devarajan (5 Points)
Replied 03 August 2016

tx...A little confusion...my frnd received closed to 13L as form19 settlement after 8.5 in a company...Her last contributed total pf (employee+emplpyer) was around 14k. So there cud hv been less amt in the previous. yrs considering various yrs salary packages. So as per the formula she has around 6 lakhs left in tht accnt becos of fform 10c rejection? :0 is it so!!!!