Pf withdrawl
This query is : Resolved
29 June 2012
Hi,
If I leave the company & decided to withdraw my PF.
Will there be any deduction from my actual PF contribution.
e.g. My Contri 5000 + Employer 5000= 10000
Will I get 10000 or will there be any deduction & if yes how much.
If I leave the company & decided to withdraw my PF.
Will there be any deduction from my actual PF contribution.
e.g. My Contri 5000 + Employer 5000= 10000
Will I get 10000 or will there be any deduction & if yes how much.
29 June 2012
Hi Sandeep,
As per provision of Act, you will be eligible to receive your contribution+employer contribution+Interest at 9.5% pa.
And there will not be any deduction from above amounts.
Note that for PF administration 1.6% will be beard by emploer.
Hope your doubt is cleared.
As per provision of Act, you will be eligible to receive your contribution+employer contribution+Interest at 9.5% pa.
And there will not be any deduction from above amounts.
Note that for PF administration 1.6% will be beard by emploer.
Hope your doubt is cleared.
30 June 2012
Out of employer contribution 8.33% will or 541 whichever is lower will be paid towards EPS. You should claim refund of both, if you are not joining any other company.
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