Epf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2012
Dear Experts,
Recently I have withdrawn my EPF balance and realised that I have short received the employer's contribution.I also received a letter from EPFO confirming that the pension amount is not paid and additional form 1B has to be submitted by the employer so that pension details against my account are identified.On contacting my last employer I was informed that since I have worked there for only six months my pension amount is forfeited. Even if I consider that this forfeiture is as per the regulations,still the amount that I have short received is much more than the pension amount due from my last employer.
1) Is it true that pension amount is forfeited if a person works for 6 months or less for an organisation?
2) I have also not received the pension from the employer prior to my last employer with whom I have worked for two and a half years.What is the reason behind that?
3)Or is the amount being held up because I have not submitted form 1B.
Regards,
Recently I have withdrawn my EPF balance and realised that I have short received the employer's contribution.I also received a letter from EPFO confirming that the pension amount is not paid and additional form 1B has to be submitted by the employer so that pension details against my account are identified.On contacting my last employer I was informed that since I have worked there for only six months my pension amount is forfeited. Even if I consider that this forfeiture is as per the regulations,still the amount that I have short received is much more than the pension amount due from my last employer.
1) Is it true that pension amount is forfeited if a person works for 6 months or less for an organisation?
2) I have also not received the pension from the employer prior to my last employer with whom I have worked for two and a half years.What is the reason behind that?
3)Or is the amount being held up because I have not submitted form 1B.
Regards,
30 June 2012
2)Check the total monthly contributions made by you with the amount received at the time of release.
Should there be a difference intimate the PF deptt. and mark a CC to the employer as well. This would be sufficient to make him turn in the grave.
For 1 & 2 check the URL
https://www.caclubindia.com/experts/epf-1014954.asp#.T-7M6PX55h4
kishore
TaxConnect
Training,Advisory & ERP
Should there be a difference intimate the PF deptt. and mark a CC to the employer as well. This would be sufficient to make him turn in the grave.
For 1 & 2 check the URL
https://www.caclubindia.com/experts/epf-1014954.asp#.T-7M6PX55h4
kishore
TaxConnect
Training,Advisory & ERP
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