10 Hidden EPF Rules - Employee Provident Fund

11/1/2014
10 hidden EPF Rules Employee Provident Fund
Home
Old-Articles
Services
Forum
Search
Welcome, Guest
Sign In
|
Register
OUR BOOKS

by Manish Chauhan 1,127 comments
We will discuss few EPF rules today. We all know what is EPF Employee Provident Fund. A small part of your salary (12% of your basic salary) is
invested in something called EPF and an equal amount is matched by your employer each month. This is what 95% people know about EPF. But
there are many things in EPF which a lot of people dont know and this article is going to open some not known secrets of EPF. One should be aware
about all the EPF related information. So lets take them one by one in points format.
1: You can also nominate someone for your EPF

Do you know that there is also nomination facility in EPF. The nominee will be contacted at the time of death of the person and handed over the
EPF money. However if nomination is not present (which you should check), it can raise to all sort of issues while claiming money. There is a form
called Form 2 which has to be filled to change or update the nomination. Please contact your company finance department or directly send the form
to EPFO. One very strange about EPF rules is that you cant nominate your brother for EPF. Not sure why!
2: One can get pension under EPF

Do you know that there are two elements in EPF one is called EPF and other is EPS (You can check your EPF balance using the new EPF epassbook option) . The EPF is actually for your provided fund and EPS is for your pension. The 12% contribution from your side goes to EPF, but the
12% contribution which your employer makes, out of that 8.33% actually goes in EPS (subject to maximum of Rs 541) and the rest goes into EPF. So
understand it this way, a part of your employer contribution actually makes up your pension corpus. But there are some caveats to this.
One is liable for pension only if one has completed the age of 58.
One is liable for pension only if he has completed 10 yrs of service (in case of more than one companies, the EPF should have been transferred,
not withdrawn)
The maximum Pension per month is subject to maximum of Rs 3,250 per month.
Lifelong pension is available to the member and upon his death members of the family are entitled for the pension.
Read all the old Articles Click here
http://www.jagoinvestor.com/2012/05/epf-facts-employee-providend-fund.html
1/145
11/1/2014
3: No interest is given on EPS (pension part)

You must be thinking that you regularly get compound interest each year on your contribution + employer contribution. But it does not work like that.
The compound interest is provided only on EPF part. The EPS part (8.33% out of 12% contribution from your employer or Rs 541 what ever is
minimum) does not get any interest. At the time of EPF withdrawal , you get both EPF and EPS.
4: You might not get 100% of your EPF money

Imagine your contribution + employer contribution has been total Rs 3,50,000 till date. Out of this 3,50,000 , suppose 2,50,000 has gone in EPF , and
rest 1,00,000 has gone in EPS (for pension) . Now if you quit your job in 6th year of employment and opt for withdrawal of your EPF money (EPF +
EPS actually) , then do you think you will get total 3,50,000 . NO !
Thats because you always get 100% of your EPF part, but for EPS there is separate rule . There is something called Table D , under which its
mentioned how much you get at the time of exit from your job, there is a slab for each completed year and you get n times of your last drawn salary
(depending on the completed year of service) subject to maximum to Rs 6,500 per month. So if your salary in this case was Rs 30,000 per month, still
you will be given only 6,500 * 6.40 = Rs 41,600.
Note that the table D is upto 9 yrs only, because if 10 yrs are crossed, then you are liable for pension.
5: You can invest more in EPF, its called VPF

You can always invest more than 12% of your basic salary in EPF which is called VPF. In this case the excess amount will be invested in EPF and
you will keep on getting the interest, but the employer is not suppose to match your contribution. He will just invest upto maximum of 12% of your
basic, not more than that.
6: Withdrawing of EPF amount at job change is illegal

Almost every one thinks that withdrawing of your EPF amount after a job switch is totally fine and allowed, however as per EPF Rules, its illegal.
You can only withdraw your Employee provident fund money, only if you have no job at the time of withdrawing EPF and if 2 months have passed.
Only transfer is allowed in case you get a new job and you switch to it. While there are no cases where EPF office tracks these things and takes up
this matter, still just for your information you should know that if you got a new job and took it and then you are applying for withdrawal, its illegal
as per law. However in case of EPS, if the service period is less than 10 years, youve option to either withdraw your corpus or get it transferred by
2/145
11/1/2014
obtaining a Scheme Certificate. Once, the service period crosses 10 years, the withdrawal option ceases. Just for your information, you can
withdraw your EPF money without the help of past employer signature by attesting your withdrawal form by a bank manager or some gazzeted
officer. I hope you are clear about EPF withdrawal rules.
7: One can opt out of EPF if he wants

Yes!I know this might be a surprising fact for many , but if ones basic salary per month is more than Rs 6,500, he has an option to opt out of EPF
and not be part of it. In which case he will get all his salary in hand (without anything deducted every month). But the sad part is that one has to opt
out of EPF in the start of his job. If a person has been part of EPF even once in his life, then he cant opt out of it. So if you have already had EPF in
your life. This option is not for you, but if you are new to job and your EPF account number still does not exist, you can tell your employer that you
dont want to be part of Employee provident fund . You will have to fill up form 11 for this.
8: Your EPF gives you some life insurance too

A lot of people might not know that in case a company is not providing group life insurance cover to its employees, in that case the employee is given
a small life cover through EPF. This is because there is something called Employees Deposit Linked Insurance (EDLI) scheme and your organisation
has to contribute 0.5% of your monthly basic pay, capped at Rs 6,500, as premium for your life cover. However companies which already have life
insurance benefits to employees as part of the company, are exempted from this EDLI scheme. The bad part of this EDLI scheme is that the life cover
under this option is very low and thats maximum amount of Rs. 60,000. While this is peanuts for most of the people in big cities. For employees in
small scale industries and small cities, this amount of Rs 60,000 will still count something.
9: You can use EPF money can be withdrawn at special occasions

So now you know that EPF withdrawal is not permitted if you are still working. But there are occasions when Employee provident fund withdrawal is
allowed. While you cannot withdraw it fully, you can withdraw a partial amount. Following is a list of events when you can withdraw the EPF
amount and the conditions you need to fulfill
1. Marriage or education of self, children or siblings
- You should have completed a minimum of seven years of service.
The maximum amount you can draw is 50% of your contribution
You can avail of it three times in your working life.
You will have to submit the wedding invite or a certified copy of the fee payable.
2. Medical treatment for Self or family (spouse, children, dependent parents)
- For major surgical operations or for TB, leprosy, paralysis, cancer, mental or heart ailments
The maximum amount you can draw is 6 times your salar
You must show proof of hospitalization for one month or more with leave certificate for that period from your employer.
3. Repay a housing loan for a house in the name of self, spouse or owned jointly
- You should have completed at least 10 years of service.
You are eligible to withdraw an amount that is up to 36 times your wages.
4. Alterations/repairs to an existing home for house in the name of self, spouse or jointly
- You need a minimum service of five years (10 years for repairs) after the house was built/bought.
You can draw up to 12 times the wages, only once.
5. Construction or purchase of house or flat/site or plot for self or spouse or joint ownership
- You should have completed at least five years of service.
The maximum amount you can avail of is 36 times your wages. To buy a site or plot, the amount is 24 times your salary.
Can be avail of it just once during the entire service.
10: You can file an RTI application for EPF issues

Did you know that you can file an RTI applicable to get any kind of information regarding your EPF. You can file it if you are facing issues like no
clarity about balance in your EPF, no action taken for your EPF withdrawal or transfer. To find out information about other issues on EPF. I have
done a detailed post on how to file an RTI for your EPF issue.
Conclusion on EPF rules

The overall Employee provident fund rules are too complicated and very old. A common man does not know all these EPF rules, but knowing these
minimum 10 EPF rules will help him in his financial life.
Want FREE HELP in buying right health insurance policy for you ?
Get Free Help Now
3/145
11/1/2014
Get New
Customers Online
Advertise On Google. Get
5000 INR Advertising Credit
When You Sign-Up
Tagged as: Best of Jagoinvestor, Most Commented Articles
Subscribe via RSS or Email:
email@address.com
What do you want to read about

Mutual Funds Life Insurance BankingHealth Insurance Credit Report and ScoreMost Commented ArticleReal Life Experiences Share MarketLoans
Real Estate Income TaxCredit Cards For Begineer Investors Succession Laws EPF ULIP Product ReviewsBest of Jagoinvestor Other Products &
Concepts How-TO GuidesBooks, Launches, Initiatives Investors Myths Psychology & Wisdom PPF General
150 comments
Akhilesh Teri
Add a comment
Top Commenter Delhi, India
Hi
I have a question about form 11.
Lets say I was working in Company A drawing a salary of Rs. 5000. Henece, it was
compulsory for PF to be deducted. I leave the job and join Company B, where i draw a
salary of 6000(i.e. still less than Rs. 6500), can I still use form 11 and be exempted from
PF Deduction?
Or do I have to draw a salary higher than 6500 to be eligible for exemption from PF using
4/145
11/1/2014
Or do I have to draw a salary higher than 6500 to be eligible for exemption from PF using
form 11.
Please note that "salary" in the question means Basic plus DA
Also, please assume that salary is in respect of the period when ceiling amount was Rs.
6500.
Please reply ASAP as I need this for audit purposes.
Reply Like October 27 at 8:46am
Gaurav Tripathi Digital Media Consultant at Nishkrant Media (P) Ltd 116 followers
Manish Chauhan Hi Manish,Im in It sector last 4 years ,My salary is above 3L/annum.But
not any single company offer me PF or any other epf type of scheme...I want to engage
with Govt pf scheme..So what should i do??
Some times i asked HR but she told there is not any pf scheme..
So what can i do???Please suggest me iam very much interested to INDULGED into PF
scheme...
Reply Like September 15 at 2:45am
Sunita Baranwal Vtu belgaum
I had withdrawn the PF amount for purchasing house from a builder A, but due to some
dispute I had to discontinue and invest in another house with builder B. Now my
organization is asking me to repay the PF money with interest saying it was not used for
the purpose PF withdrawal was approved for. Please suggest me a way out. I donot have
that much cash to pay back as I am aleady paying for the House loans.
Raghavendra Kamath Team Leader / Operations at Allsec Technologies Ltd.
Hi
I am trying to get a loan using partial withdrawal and my total Pf comes to 4 lakhs..can i
take this entire amount and also what would be my pension which i would get ...my
pension funds is 14066 till date
Reply Like September 5 at 6:22pm
Sourabh Raghav Rana
FreeKaaMaal
Top Commenter Head of Search Marketing - SEO / SEM at
My company is deducting employee & employer PF contribution from my total per month
salary. I read somewhere that supreme court issued a order that if someone's basic
salary more than rs 6500 he/she have choice not to deduct PF from his/her salary.
Is this true ?
Currently my company is deducting near about 5800rs provident fund from my salary.
Can I ask to my company not to deduct PF from my salary & I wanna to utilize this money
for other purposes.
Reply Like June 11 at 1:59am
Kislay Kashyap Assistant Professor at Working with NIFT Patna as Assistant Professor
Hi Manish, Thanks a lot for the very informative article . My previous company is closed
and not in existence anymore. i quit the company in the Feb of 2008, six years back, after
working for a little less than a year. how can i transfer my amount to my new account as
there is no one to tell me the EPF account number with the previous employee.
Reply Like
3 March 8 at 3:19am
Manish Chauhan Author and Founder at Jagoinvestor 1,342 followers

Its one mistake you did that you didnt note down your EPF number, now you
will face delay and some problem in getting it, first you need to find out your
company Establishment number from your company name and address and
then you need to file a RTI to find out your EPF by giving details about your
company !
Reply Like March 12 at 11:47pm
Bigul Chugh
You can also get your EPF number from the salary slip, if they are giving it to
you... most of the time, salary slip has the EPF account number on it.
Reply Like August 14 at 7:33am
Hatim Ali Motiwala CTAE,Udaipur
Hi Manish,have one query i served 5 years in one company.Now i have swtiched to
another firm.If i transfer my PF will i be able to withdraw it from the second firm after
completing 1 year of service or when i withdraw will tax be deducted since i completed
only 1 year in present company but before that i m already 5 years into service and did
not withdraw PF once also.Can you please clarify ?
Reply Like March 20 at 11:33am
If you are into JOB, you cant withdraw EPF , you can only do that when you
are unemployed !
Reply Like March 26 at 8:19pm
Gaurav Tripathi Digital Media Consultant at Nishkrant Media (P) Ltd 116
5/145
11/1/2014

Gaurav Tripathi Digital Media Consultant at Nishkrant Media (P) Ltd 116
followers
Manish Chauhan Hi Manish,Im in It sector last 4 years ,My salary is above
3L/annum.But not any single company offer me PF or any other epf type of
scheme...I want to engage with Govt pf scheme..So what should i do??
Some times i asked HR but she told there is not any pf scheme..
So what can i do???Please suggest me iam very much interested to
INDULGED into PF scheme...
Arun Seshadri Works at Cisco Systems
where can i check the EPS accumulation. Say, an individual has changed jobs and PF
was transferred from one company to another.
Reply Like
4 September 17, 2013 at 5:42am

You will have to file a RTI to EPFO to know this, this will be safest option
Reply Like September 17, 2013 at 8:53pm
Venkata Suresh Gamidi Apsp high school
Sir, I am Suresh, till now my pension fund is 38384. I have worked for 7 years and 10
months. If i quit now, how much % of pension fund will I get?
Reply Like December 20, 2013 at 3:47am
Which pension fund are you talking about ?
Reply Like December 24, 2013 at 11:07pm
Satish Pahuja GM at HOTEL LE GEM
Thanks for the informations. It shall be a great help for many. I have a Q. too. I also got
one transfer from previous a/c to current organisation. How can I check that whether I got
epf and eps Transferred or not.
Reply Like
3 April 30, 2013 at 6:32am

Dilawar Singh File RTI !
Reply Like May 6, 2013 at 2:59am
View 66 more
Facebook social plugin
{ 1124 comments read them below or add one }

1 Sathish May 14, 2012 at 10:14 am
Nice and informative. Particularly the loan for house/flat/plot purchase which I was not aware at all!
Reply
2 NARAYANAN May 14, 2012 at 11:12 am
Dear Manish,
very nice article. True, very few no the rules of EPF. I have withdrawn twice after 9 years in two companies. I collected the money and
used. Never thought of finding how much it is or as the govt given the full money etc.
Small clarification. You mention that EPS CAN BE WITHDRAWN ONLY AT AGE 58. does that mean that i can make a claim at age
58 ?
Reply
3 Manish Chauhan May 14, 2012 at 6:04 pm
Narayanan
No , mostly you got your EPS also when you withdrew !
Reply
4 NARAYANAN May 14, 2012 at 6:09 pm
Thanks Manish.
6/145
11/1/2014
Keep up this good job.

Reply
Now you can take use of it !
Reply
6 suman malik November 15, 2012 at 2:13 pm
Currently I am not working in any organisation . But I want to continue my contribution in my Last Companys EPF account. can I
continue, If yes. Please tell the procedure
Reply
7 Manish Chauhan November 15, 2012 at 7:12 pm
No you cant , you can only invest in current company EPF !
Reply
8 rocky December 23, 2012 at 10:20 am
Hi Manish,
Sincerely appreciate you for the article.
I work for a IT company and it has laid of 500 people including me. Now, until we find a new job it might take 1 month to 6
months. I do not want to withdraw the money in PF (which is locally maintained) but would like to transfer after getting a new job.
But the current company is insisting that we should give a written-form in advance for withdrawl of the PF money. In case we do
not get a job in two months or transfer to a new account the letter gets activated and they would send the cheque for the PF money.
This they are doing to avoid paying the interest. The question I have are
1. Is there a rule that they must keep the money atleast for 3 years ?
2. Is there a possibility that I can keep the money with them (without getting interest)?
3. Is it possible to transfer the money from EPF to a PPF (which I already have)?
thanks again.
Rocky
Reply
9 Manish Chauhan December 24, 2012 at 9:51 am
1. I am not sure about the private EPF which is maintained by company , so cant comment on that
2. This should be possible, because there are many people I hear have their EPF with their company
3. There is no relation between EPF and PPF .
Manish
Reply
10 Ankur May 14, 2012 at 10:23 am
Manish Thanks much for this post!!!! EPF and EPS clarification was very very helpful.
Reply
Thanks Ankur what else did you learn from post !
Reply
12 Arun May 14, 2012 at 10:31 am
Very useful information. Thanks a lot sir.
Reply
7/145
11/1/2014
Thanks Arun !
Reply
14 Ronak May 14, 2012 at 10:36 am
Nice read, Manish. Very informative. Keep up the good work.
Reply
Thanks Ronak !
Reply
16 Rachit May 14, 2012 at 10:41 am
A very good and informative article. Keep posting more.. PPF, Health insurance, Stocks, MF etc.
Reply
SUre
Reply
18 Siva Mohan May 14, 2012 at 10:43 am
Hi Manish,
Thanks for a very informative article. I have a query.
I have not transferred or withdrawn EPF from my first employer where I worked for 2 years until 2009. I didnt bother withdrawing as I am not
in need of EPF money.
What should I do now.. transfer it to my current employers EPF account or withdraw it?
Thanks,
Siva Mohan
Reply
19 Kranti Goyal May 14, 2012 at 10:57 am
Hi,
As per current rule, In EPF if money is not deposited for continuous 3 years then account status changes to be dormant and no interest
will be pay in future.
Manish you can also add this to article.
Thanks and Regard
Kranti Goyal
Reply
Thats a good point , but I think a lot of people might know this
Reply
Siva
You need to fill up form 13 and apply for transfer , after 6 months of doing so if you dont see any progress , then file RTI and get more
info on that http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
22 Siva Mohan May 15, 2012 at 10:30 am
8/145
11/1/2014
Thank you very much for the reply Kranti & Manish.
Reply
23 Santosh Prasad May 15, 2012 at 12:47 pm
Manish,
One should not wait till 6 months after submitting form-13. EPF offices are computerized now and they are supposed to get
it done within 30 days(ideally). Hence after 30 days, one can file an RTI application to know about the status of transfer
request.
Reply
24 Krishna May 14, 2012 at 10:49 am
Hi Manish,
It was an eye opener when it comes to using your EPF for house/plot purchase. Should I repay it in case of partial withdrawl for marriage /
purchase of plot/flat. And if yes is there any interest associated with it
Reply
Krishna
Its not a loan , its a partial withdrawal , so no point of interst !
Reply
26 Sharat Trehan May 14, 2012 at 10:51 am
At the end you have written that you have done a detailed post on how to file an RTI on EPF issues. Can you possibly mail that link? Regards,
Sharat
Reply
27 Vishnu Agarwal May 14, 2012 at 12:06 pm
Hi Sharat,
Please go thru the following links posted earlier:
http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
http://www.jagoinvestor.com/forum/how-to-apply-for-rti/1957/
Please follow up the blog by signing up thru email at top left box in the page for the future blog updates.
Regards,
Vishnu Agarwal
Reply
28 Sharat Trehan May 14, 2012 at 1:26 pm
Dear Vishnu,
Thanks for the prompt reply and the useful links.
Regards
Sharat
Reply
29 Kapil May 14, 2012 at 12:32 pm
There you go http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Manish you may want to add the link to the article
Reply
Done Kapil !
9/145
11/1/2014
Reply
Reply
32 Dhanesh Chakraborty May 14, 2012 at 10:51 am
I worked in a private company for 10 years.. but not got any penson even not received full PF..can I have any suggestion for recoverning for
pending pf
Regards
DhaneshChakraborty
941126067
Reply
33 Anurag May 14, 2012 at 1:39 pm
Hi,
Pension starts after 58 yrs age of applicant not immediately. You need to interact with EPF commissioner office to get the details and
reply when you reach 58 yrs of age.
Rgds,
Reply
Actually it can start after 52 yrs also subject to some resitriction and condition
Reply
You need to be above 58 age , to get get pension , If you have applied for withdrawal , then you must have got the EPS money too .. use
RTI to know more about it http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
36 Rachit May 14, 2012 at 10:52 am
A few queries:
1. As EPS is 8.33% then let say that amount for an individual crosses Rs 541 then where the rest of the money will go.
e.g. EE Contribution: 2000 Rs /month ER contribution: 2000 Rs/ Month Now 2/3 of 2000 Rs of ER will go for Pension which is almost like
1334 Rs but as maximum limit is 541 Rs / Month then 1334-541 = 793 Rs, where wil it go?
2. Will the compounding interest be given in baove example on: 2000 + 666 = 2666 rs OR on: 2000 + 666 + 793 = 3459 Rs
Thanks
Reply
37 Vishnu Agarwal May 14, 2012 at 12:11 pm
In my case only 541 is deposited for EPS. Rest of Employer contribution & EPF I can see in my account, and elegible to withdraw as per
the conditions.
So the extra money goes into EPF account only.
Regards,
Vishnu Agarwal
Reply
38 Paddu May 14, 2012 at 1:32 pm
2000-541 EDLI if applicable = 1459 EDLI if applicable, will go to EPF.
[I noticed the discrepancy between Employee/er's contributions in my EPF account statement (that I always get 2 years(!) after the end of
the financial year), researched epfindia.nic.in & found about EPS & EDIL and I'm answering based on my EPF statement & that
website.]
Reply
10/145
11/1/2014

Rachit
If EPS thing crosses 541 , then rest will go in EPF only , EPF earns interst , EPS does not !
Reply
40 Poonam May 14, 2012 at 11:06 am
Very useful information. Thanks.
Regards,
Poonam.
Reply
Thanks Poonam
Reply
42 Srini November 4, 2012 at 12:43 am
Dear Manish I have total 14 years of IT experiance. I have been working with current employer about 8.4 years. I have housing
loan of 15Lacs. Can I withdraw my PF completely to pay housing loan. This PF acct opened 8.4 years ago. I have closed my old
employer PF acct as it is not govt one, its a trust.
Reply
I dont think you can completely withdraw it , look at the article end once again on the limit .
Reply
44 Pro Money Investor May 14, 2012 at 11:07 am
In many private organizations,the owners prefer collecting even their contribution from the staff salary and it is obvious that the employees can
not raise their voice so that their job itself will be at stake.
Reply
Pro
Thats part of CTC .. Nothing wrong in it . They can always tell you CTC less and then add their contribution , rather they tell you in CTC
. Whats wrong in that ?
Reply
46 Santosh Prasad May 15, 2012 at 12:53 pm
Employer contribution of 12% of basic salary is part of en employees CTC. Because, whatever employer is contributing, gets
deposited in employees name and he/she is complete owner of this amount.
Reply
47 Amol May 14, 2012 at 11:10 am
Dear Manish,
Very Informative artcile about EPF and EPS. I have been working from last five years and was not aware of this one. Thanks!
as You said withdrawing EPF is illegal and we should map existing EPF with New Company, I found that we need to take a lot of followup
doing those things. I heard from one of my friend that his earlier company did not cooperated in doing so and he has to travel many time for
that. same about EPF office. Do we have facility to transfer EPF account online?
FYI. In your Diagram you have repeated Employees Contibution instead of Employers. may be a typo:-)
Regards,
Amol
Reply
11/145
11/1/2014
48 Paddu May 14, 2012 at 2:30 pm

What I hear is that if your earlier companys EPF is managed by private trustees it should be easy to transfer (they might even have
online transfer?).
But if it is managed by the EPF organisation (http://epfindia.nic.in), you know how difficult it is to get work done in govt. offices! As
other people have said, file an RTI to get the transfer done!
Reply
Might be . I am not sure if private trustees are more efficient !
Reply
Amol
Withdrawing is illegal if you are still employed , if you are really not having any job , you can withdraw it . Employer;s will just fill up
your form and start the process , after that they are not suppose to and will not follow up , its not their work and not their responsibility ,
they are right in saying so , its between you and govt now .
File RTI , it works in all situation : http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
51 sri May 14, 2012 at 11:13 am
manish,
i think there are different PF schemesam not clear about of pension and provident fund linkagecan you elaborate more mentioning the
source of info please. EPS is different scheme but for PF employes has to contribute basic 8.33% and it has to be be clubbed with employees
contribution.
Reply
Sri
What are you confused about . EPS is an internal thing in EPF , you can see the graph which i made and posted above
Reply
53 Pranav May 14, 2012 at 11:14 am
Thanks for sharing..
Reply
54 Kshitij May 14, 2012 at 11:23 am
I have a query (not able to post in the forum):
I was working from Feb 2004 to Jan 2008 in Satyam, Hyderabad. I want to withdraw my PF (as I have been advised that transfer will take
ages). They have given me a affidavit as it is 3+ years since I have left that job.
So will my withdrawal be taxable (considering that if you withdraw before completing 5 years you get 30% taxed)?
Reply
55 Paddu May 14, 2012 at 1:42 pm
First withdrawing while having a job is illegal. Now, if you have no job and withdraw the amount before 5 years elaborate calculation is
to be carried out according to the IT Act Fourth Schedule (http://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?
FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2011&DFile=schedule4.htm) Rule 9:
(i) for each of the previous years including the year of withdrawal tax benefit due to EPF has to be removed & tax recalculated,
(ii) the difference between the recalculated tax and tax actually paid in all these years will be the tax on withdrawal.
As per Rule 10 the tax has to be deducted at source before giving you the money, but I heard that usually they only deduct 10% of the
tax!
Reply
12/145
11/1/2014
56 Paddu May 14, 2012 at 1:42 pm

Oops! Please read 10% of the tax as 10% of the withdrawal amount as tax.
Reply
Thats really a good idea .. will you be able to give an example using some figures !
Reply
58 Paddu June 14, 2012 at 10:03 pm
I have only read those portions of the Income Tax Act. I am not even sure what all are to be included as tax benefit due to
EPF since there is an employers contribution as well, etc. so cant give an example with figures.
Hope some or the other CA knows how this calculation is supposed to be done!
Reply
Yes .. you will be taxed and its not 30% , its actually added to your income and then taxed as per your slab
Reply
60 Kshitij May 15, 2012 at 10:16 pm
Thanks Paddu and Manish,
Currently I do not have a job. So I guess Id better make that affidavit and fill across.
Reply
61 Umesh Dwivedi May 14, 2012 at 11:24 am
hello ;
I did a job in a Pvt company for two years, and i have left the job from last six months.Till i dont get a job , is it possible to withdraw my
EPF.What is the procedure,
plz tell me.
Thanks.
Reply
Yes . its possible ,you just need to follow this http://www.jagoinvestor.com/forum/procedure-to-withdraw-epf/1011/
Reply
63 jake May 14, 2012 at 11:24 am
Nice Article Manish, this is really informative. I would like to ask one question here. I have my previous PF account which is dormant now.
How do I transfer the money from that dormant account to my present PF account?
Reply
Jake
You need to follow the procedure for transfer of EPF Fill form 13 http://www.thinkplaninvest.com/2009/02/epf-pf-transfer-and-form13/
Reply
65 Ganesh Balasundaram May 14, 2012 at 11:25 am
The bottom portion in the embedded figure should indicate Employer.
Reply
13/145
11/1/2014

Changed !
Reply
67 Sylvestor May 14, 2012 at 11:29 am
Nice Article.
More clarity is needed how pension is calculated after 58 yrs of age.
Reply
68 PATHY May 14, 2012 at 11:52 am
Hi MANISH GOOD INFORMATION CLARITY ON PENSION CALCULATION AFTER 58 YRS
Reply
Pathy
Please post your questions in simple words !
Reply
Sylvestor
Here is the reference
Under Employees Pension Scheme, the monthly retiring pension is decided on the basis of Pensionable Service and Pensionable
Salary and is worked out as follows
Monthly pension=( Pensionable salary*Pensionable service)/70
Pensionable Salary is arrived at by considering the average contributing salary immediately preceding 12 months from the date of exit
from the scheme, normally this would be limited to Rs 6,500 p.m. unless certain enhanced contributions are made by the employer with
permission. Pensionable Service is the service in years rendered by the member for which contributions have been received maximum
cannot exceed 35 years
Reference : http://www.bemoneyaware.com/blog/epf/
You can also see this article : http://www.citehr.com/74122-pension-calculator-under-epf-scheme.html
Reply
71 Shrenik May 14, 2012 at 11:43 am
Hi Manish,
Once again very informative and useful article from your side.
Here it is mentioned that One is liable for pension only if he has completed 10 yrs of service (in case of more than one companies, the EPF
should have been transferred, not withdrawn)
The maximum Pension per month is subject to maximum of Rs 3,250 per month.
I have completed 09 years of service in one company. can you pls also elaborate on what basis amount of pension is being decided and after a
year (when I complete 10 years) is it worth for me to apply for pension or I can do that any time after completing 10 years ? Which one will
give more advantage?
Once again thanks for nice and article.
Reply
You also need to complete 58 yrs of age ! .. So if you have completed 10 yrs of service , but not of 58 yrs ,still you need to wait for
pension
Reply
73 Shrenik May 16, 2012 at 4:40 pm
14/145
11/1/2014
Thnx Manish
can you pls also elaborate on what basis amount of pension is being decided.
Reply
Under Employees Pension Scheme, the monthly retiring pension is decided on the basis of Pensionable Service and
Pensionable Salary and is worked out as follows
Pensionable Salary is arrived at by considering the average contributing salary immediately preceding 12 months from the
date of exit from the scheme, normally this would be limited to Rs 6,500 p.m. unless certain enhanced contributions are
made by the employer with permission. Pensionable Service is the service in years rendered by the member for which
contributions have been received maximum cannot exceed 35 years
Reply
75 Shrenik May 17, 2012 at 3:30 pm
Thnx Manish.it is really useful.
May I request you to cover other useful topics like Gratuity for ours better understanding.
Reply
76 Manish Chauhan May 18, 2012 at 9:21 am
Will do that soon
Reply
77 SHYAM May 14, 2012 at 11:44 am
Dear Manish,
Very -2 usefull information.
I have a query that my basic salary is 6500.00 and my total contribution is for 20 year How much pension amount i will get on retirement.
Thanks
Shyam
Reply
Shaym
There can be changes in between .. You can search more on the formula on EPF pension calcualtion
Reply
79 Deep Vineet May 14, 2012 at 11:46 am
Nice Article Manish, will it be possible for you to add the information about the calculation of interest part, also a calculator in excel would be
of great help.
Reply
Calculation of Interest ?
Its a normal way of yearly compound interest . With 8.5% , 100 becomre 108.5 at the end of year .. and then again 8.5% of 108.5 is
added back so on
Reply
81 Anurag May 14, 2012 at 11:52 am
Hi Manish,
15/145
11/1/2014
What is the procedure to be followed for transfer of EPF Account when switching jobs. I just received a statement from my Company regarding
my EPF Balance but isnt there any way so that I can check it myself online like some account number.
Thanks
Reply
Anurag
You can follow these
http://www.rtiindia.org/forum/19466-how-withdraw-pf-without-signing-previous-employer.html
http://www.jagoinvestor.com/forum/epf-account-transfer-issue/2892/
http://www.jagoinvestor.com/forum/transfer-of-epf-account/234/
Reply
83 Vishnu Agarwal May 14, 2012 at 11:53 am
Hi Manish,
Again you surprised us with such a detailed information.
Further, Ive few questions, if you can help:
1. Ive worked in 3 years in one company, and transfer to other, where further worked completing total 6 years. As funds are transferred from
Delhi to Bangalore, PF account number is also changed. Than, what is the life of PF (Table D)?
2. If I want to decrease the PF contribution from 12% to say 2%, is it possible? If it is, Is it dependent on company?
3. How to check the total EPS accumulate as I transferred my PF from previous employee to current, and raising query to epfindia is only
giving me EPF & Emp contribution and telling me if EPS got transferred or not?
Thanks,
Vishnu Agarwal
Reply
84 Paddu May 14, 2012 at 2:46 pm
2. PF contribution has to be 12% of PF basic, period. However the PF basic can be declared to be anything between Rs. 6,500 p.m. and
your actual basic, in case your basic exceeds Rs. 6,500 p.m. Thus minimum PF is 12% of Rs. 6,500 p.m. = Rs. 780 p.m.
Now, my company was allowing this option until it got acquired and now the parent company doesnt give the option of declaring a
lower basic to EPF, so Im sure this is dependent on company.
3. Yeah, EPF account statement is totally silent on EPS. There seems to be no easy way of knowing the EPS balance. Proly need to file
an RTI?
Reply
Paddu
Yes .. It actually depends on the company that they want to take 6500 or your actual basic . But most of the companies take the
actual numbers .
To get your EPS balance , follow this article : http://www.jagoinvestor.com/2012/02/epf-balance-status-online.html . You might
get the SMS and it will contact two numbers , the lower one is mostly your EPS . Else RTI is the sure shot tool for find all answers
Manish
Reply
1. It would be 9 yrs (6+3) , because it was transfered .
2. No you cant do that. . 12% of basic is mandatory
3. Use RTI http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html . Works faster , is a little pain to do !
Reply
16/145
11/1/2014
87 Sundeep Gupta May 14, 2012 at 12:19 pm

Hi Manish,
1. I requested for transfer of my EPF from my previous 2 organisations to my current organisation. This was done in Aug 2011, and I have no
updates so far. My employer say they do not follow up on this. How can I get the information / status of my transfer request.
2. Given that I requested for transfer in aug 2011 and there is no action on that yet, can I opt for withdrawl from my previous EPF account
(knowing that its illegal) ?
3. This is a general question. Assuming a person is no longer working and has withdrawn his PF and all his EPF accounts are closed. And after
say 1year he plans to join a job. Can he/she fill form 11 and opt out of the EPF contribution (Given basic is > 6500)
Reply
Sundeep
1. This happens all the time , its just few months as of now and your delay is below average . But you can now file an RTI and find
how why is it stuck , do this : http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
2. Yes mostly you can do that, use RTI again in this case .
3. This is tricky , but as per the wordings in the rule of EPF If a person has earliar been part of EPF , then he cant opt out of it , I
would say NO
Reply
89 Nita May 14, 2012 at 12:21 pm
Very nice article manish. I was not aware about the pension one can get under EPF
Reply
Yes .. Most of the people dont know because we never see someone sticking to a job for 10 yrs or so !
Reply
91 ravindra May 14, 2012 at 12:21 pm
Thanks, for information gate Rs.3500 maximum limit EPF pension & How to caculate EPF pension
Reply
Welcome !
Reply
93 Koganti Srinivasa Rao May 14, 2012 at 12:46 pm
I am 42 years old. If I want to a get a monthly pension of Rs 15000 per month from my 60th year, how much I have to invest per year and how
many years. Please, let me know which is the best pension plan and insurance company.
Reply
Koganti
In this case EPF will not be useful because one can not get 15000 per month in EPF , its limited to 3-4k only as you can read about . To
get 15000 per month , all you need is 20 lacs and investing in something giving 10% per annum , I think you should focus right now on
growing your wealth , so just do SIP in mutual funds , after 18 yrs , when you are at 60 , there will be plenty of ways of doing it !
Reply
95 SURESAN RAJA May 14, 2012 at 1:01 pm
Mr.Manish, You are great for giving this another good blog.
I need some more clarification of the following:
17/145
11/1/2014
5. Construction or purchase of house or flat/site or plot for self or spouse or joint ownership
You should have completed at least five years of service.
Can be avail of it just once during the entire service.
If my gross salary is 40000 p.m. then I will be eligible for Rs.144000/- or it is calculating basic pay i.e. suppose Rs.18000/- then I will be
eligible for Rs.648000/-. My service balance is only for 7 years. Is there any terms to link with available EPF/EPS amount to sanction the
advance? What will be the interest? I heard that it is 2% p.a.
Please clarify sir,
Reply
96 SURESAN RAJA May 14, 2012 at 1:03 pm
In my earlier comments please read Rs.1440000/- instead of Rs.140000/Regards,
Reply
Suresan
The first thing is that you are not getting any LOAN , you are actually getting your own money from EPF , its partial withdrawal here .
Next thing is that it will be 36 X BASIC Salary , because there can be two different people with same basic but different take home . So
it does not make sense to assume take home salary or gross salary . Its basic !
Reply
98 SURESAN RAJA May 15, 2012 at 9:59 am
Thanks sir. But a doubt that if the calculation for 36xBasic goes to Rs.6,48,000/- where as I got the SMS through online PF
balance is only Rs.2,00,000/-. So how much I will get whether it is 6.48 lacs or 80% of the PF balance of Rs. 2 lacs? Regards,
Reply
Better enquire using RTI
Reply
100 Sandip May 14, 2012 at 1:04 pm
Dear Manish, thanks for nice informative article. I want to know one thing thatwhen any EPF loan is due then can anyone repay and take
another loan in the same financial year or not?
Reply
I am not sure what exactly is your question . What is meant by EPF loan ?
Reply
I think he meant for the EPF Loan is the EPF advance we can take for different reasons i.e. for contruction/purchase of
flat/house/land, education, marriage, medical etc. For some of the reason above can take advance only one time eg. we can take 80
to 90% our EPF balance for the custruction/purchase of flat/house/land only one time in the life. We have to submit the possession
certificate within a year. If we use the money to any other purpose then it will recover in lumsum or from salary with interest @
2% p.a.
Reply
103 PATEL BHAVESH May 14, 2012 at 1:31 pm
Very nice.Thank u very much for updating as its very helpful in our life as far as fro the serviceman and women.
Reply
18/145
11/1/2014
Welcome Bhavesh
Reply
105 Bishal May 14, 2012 at 2:19 pm
Hi, does this elf information apply only in India or other countries too? Thanks.
Reply
Its only for India
Reply
107 Bishal May 14, 2012 at 2:20 pm
Sorry, I meant EPF and EPS.
Reply
108 Roshni Nayak May 14, 2012 at 2:26 pm
Hi Manish,
Nice article, you can add 2 more points here,
1. No interest will be credited in the EPF acount which are lying dormant for 3 years or more. This is with effect from April 1,2011.
2. If you withdraw EPF money before five years, it will be taxed.
Regards,
Roshni
Reply
Thanks for those points Rashmi
I considered them to be more known points actually
.. But those are points many people would not know about !
Reply
110 Charu Gupta May 14, 2012 at 3:06 pm
Manish,
A very very useful information, especially point 6 and 10. I had been looking for this information from a loong loong time and here you are,
heard it and fulfilled it!
Thanks a lot. Btw, though Ill go through you post on how to file for your EPF information, just wanted to know what can I do if my previous
employer is not able to retrieve my EPF account information and details. If my current employer has to contirbute to my EPF, how can they do
so when I dont even know my EPF account number?
Charu!
Reply
Charu
When your new employer does not have your old EPF details , in that case they open a new EPF account on your name and you then
have 2 EPF accounts . You can then choose to transfer your old EPF money to new EPF . You old Employer is not able to locate your
EPF account number also ? Just number ! ..
If you have the account number somewhere in old salary slips etc , you can then just fill up a form for transfer of your EPF to new EPF .
Do use RTI if this does not happen fast (6 months)
Manish
Reply
112 Charu Gupta May 17, 2012 at 11:24 am
19/145
11/1/2014
Thanks a lot Manish for the valuable information

Is your EPF account not linked to your PAN? And do they not check if one person has multiple accounts or not? I mean how come
they allow for the same? Its just duplication!
It seems my old employer has misplaced the PF account numbers sheet of all them employees! Im after them to find it come what
may and hoping that I should be able to get it soon. In case I dont, Ill definitely use RTI.
When I tried looking for it online, I did find the area code and company code. Do you think I can go to the office where our PF
account was opened in Pune and request them to find my PF account number? Do you think there is any possibility this will help?
Charu
Reply
Yes it can help , but the fastest and cheaper way is to file an RTI , use rtination.com if you feel lazy to go to post office to
buy postal orders
Reply
114 Veeraf May 14, 2012 at 3:19 pm
Excellent article contents and presentation. I have not meet a single person in my life time who was able to explain in points EPF, EPS and
VPS.
Best Regards,
Reply
Good to hear that Veeraf ! thanks for appreciation . Teach to others now
Reply
116 Satish May 14, 2012 at 4:29 pm
Thanks for posting the great information which many of us does not know. Keep posting similar information regularly
Dr.Satish (Hyderabad)
Reply
Thanks Satish .. I hope you learnt some really new things which you were unaware of !
Reply
118 Prakash Kumar September 24, 2013 at 6:36 pm
Hi Manish,
Really nice article, i was not aware about the Pension scheme at age of 58 Yrs.
Thanks,
Prakash
Reply
119 Manish Chauhan September 24, 2013 at 7:09 pm
Thanks
Reply
120 Praveen May 14, 2012 at 5:16 pm
Hi Manish
Lets say i quit my job and withdraw my EPF.
What are the tax rules for this? Do i need to pay any tax on it?
20/145
11/1/2014
Reply
Praveen
If you have completed 5 yrs of service , then no tax ,else it will be added as your income and taxed as per your slab !
Reply
122 Sushil May 14, 2012 at 5:27 pm
Manish Ji.
Excellent Article once Again.though i knew much about EPF yet point no 3 and 4 are absolutely new for meThis information was indeed
very well
I am a regular visitor of your blog and now it has become my habit to visit it atleast once daily to check if anything new is therei am addict to
jagoinvestor.com
pls keep it up
Reply
Good to hear that Sushil .. keep it up
Reply
124 C.R.KESAVAN May 14, 2012 at 6:05 pm
Manish,
The article is a very good one. I did not know about the EPS part(8.33%) does not generate any interest. Employees who get12% of their actual
basic(instead of Rs780) will lose substantial amount of 8.33% of their employers contribution because of inflation & Zero interest. This is
really terrifying.
Reply
Yes
Reply
126 Anjan April 8, 2014 at 12:05 pm
Yes, it is indeed worrying that the EPS part which may grow to a substantial amount over the years does not earn any interest. This is
complete waste and may be one of the reasons why monthly pension after 58 is restricted to only Rs.3540. This amount is already
peanuts, so just imagine what will happen 30 years later thanks to inflation.
Reply
127 Manoj May 14, 2012 at 6:14 pm
Thanks for the info. I have one queryYou have mentioned Employee contribution can go beyond 12% of basic. Is there any cap on this
contribution?
Reply
No, there is no cap on this .. 100% of your Basic can go in EPF ..
Reply
129 Pavan May 14, 2012 at 6:31 pm
HI Manish,
Many thanks for your post. My understanding of 4th point (4: You might not get 100% of your EPF money) is below.
Assume monthly salary is 20834. His contribution towards EPS (subject to 541 per month is maximum) is 6492.
He leaves job after 1 year and opts for withdrawal. The EPS he gets is 20834*1.02 (As per table D) = 21250.
But this amount is more than the balance he has. Is this correct.
Also, if 10 yrs are crossed, then you are liable for pension Does this mean if he withdraws after 10 years he will get a pension? If Yes how
is this calculated.
21/145
11/1/2014
Reply
Pavan
No . Your EPS is subject to Maximum the amount is there in EPS
here the salary is basic salary , not the gross
. So whatever is lower will be given to you . Another thing is that
Also Pension will be given only once you are above age 58 yrs
Reply
131 Pavan May 14, 2012 at 6:57 pm
Hi Manish,
Thanks.. I meant basic salary only since EPFO will only know our basic salary :).
One more query..
Do we need to give seperate application to transfer EPS or once we transfer EPF it will happen automatically ?
Reply
It will not happen automatically .. Note that you fill form 19 for EPF withdrawal and form 10 C will be filled for EPS
Manish
Reply
133 Vineet May 14, 2012 at 7:51 pm
Very nice and informative article as usual.
>>>Lifelong pension is available to the member and upon his death members of the family are entitled for the pension.
Till what time family members can get pension? Which family members get it? Only those which are nominee?
Reply
134 Vineet May 14, 2012 at 7:53 pm
Another question what happens if person dies before reaching age 58. Are famliy members able to get pension in such case? If yes, till
what time will they continue to get pension?
Reply
Vineet
Family can only get pension only when the pension was already on .If a person has not started pension, then his nominee will get
the EPS money in lumpsum
Reply
136 anilkumar December 14, 2012 at 3:42 pm
if pension has started till wht time i get pension..incase death how many years my nominee wil get pension
Reply
137 Manish Chauhan December 19, 2012 at 2:57 pm
Life time
Reply
138 ganesh December 14, 2012 at 5:51 pm
Can u pls ratify the point no 4..It showing that only some amount of EPS will be granted..If employee is not worked in a ten
years..How he is liable for pension..You r telling that some 41600 rs granted..So where is rest of money
The amount you are showing is in EPS is 100000lakh..
22/145
11/1/2014
So where is the rest of money if he is not liable for Pension how they get balance money.
The e.g your given which is incorrect..
If any employee is worked in organisation for 10 Years still they contribute to EPS amount is 541*10(120 months) years
=64920 only
Can you please chge the amount of EPSAfter 10 years of completing EPS we are not eligible to withdrawn the amount..
Can you pls look into this.
If we are withdrwing EPF within 10 years we will get entire money
And the EPS scheme is not providing direct intrest but is giving in different way..As your point of view we can avail the
intrest but we are getting somethhing extra only..
If employer invested 541* 9(108 months)years we will get only 58428 but as per Table D we are getting 64220Rs i.e we are
getting(0.88%) extra..compared to EPF we are getting less amount..
Reply
So what has to be changed ? Whats wrong in that ?
Reply
Nominee will be handed over the money ,then it will move to legal heirs !
Reply
141 Suresh Kr. Ray May 14, 2012 at 8:53 pm
Manishji,Once again the article is very relevant and informative. You have made known many hidden aspect of the EPF. One can seldom get
these hidden aspect of EPF anywhere. And Its Happens only In JAGOINVESTOR. THANX
Reply
Thanks Suresh . Keep reading !
Reply
143 Sachin May 14, 2012 at 11:14 pm
Hi Manish very useful information, thanks. I have one Q about VPF..
- You are eligible to withdraw an amount that is up to 36 times your wages.
How is VPF is calculated for withdraw?
Reply
VPF is nothing but EPF only .. just that anything above 12% of your BASIC is labeled as VPF , but withdrawing rule is just same ..
everything is EPF once the money is invested in that
Reply
145 Sudhanshu May 15, 2012 at 12:30 am
Hi Manish,
What is the difference between PPF & EPF ? Can i have both accounts ? Also, please let me know about tax exemption, whether 70000 is for
PPF or cumulatively for both PPF & EPF ?
Reply
146 Manoj May 15, 2012 at 10:26 am
PPF Public Provident Fund, which is not linked with the emplyer and entirely voluntary for a person just like NSC, while EPF Is
23/145
11/1/2014
linked with the employer as employer has to add 12% amount from his side. You can have both PPF & EPF A/Cs. The limit of Rs. 70000
is increased to Rs. 100000 since last financial year & it is for PPF (not for EPF + PPF). You can have A/Cs for yourself, kid also. But the
cumulative amount for you + kid should not exceed Rs. 100000.
Reply
147 Viswa May 15, 2012 at 2:10 am
Very detailed and informative article.
Here is my question:
I have worked in a company in India for 4 years and got transferred USA as an US employee for last 4 years. Since I didnt received any salary
in India for the past 4 years, there is no contribution to my EPF account also. So I think my EPF account would be dormant. Can I withdraw the
EPF account or any other option is there.
Thanks.
Reply
Viswa
Yes , you can now withdraw it . Fill up the form 13 for that
Reply
149 Sukesh Choudhary May 15, 2012 at 2:42 am
Hi,
Nice article to go through.
One query regarding pension fund withdrwal, had joined company on 31-Dec-2010, left the organization on 31-Oct-2011, somewhere 10
months service is there, had applied for EPF and FPF withdrawl after 3 months, got the EPF amount only, had queried the reason behind not
getting the pension fund; but still doesnt get any clarification for the same from the concerned person there.
Can you please update whether i will be eligible for the withdrwal of accumulated pension amount for 10 months service.
Thanks in advance.
Regards,
Sukesh
Reply
Hmm.. if you see the article, as per table D ,the minimum service tenure should be 1 yr, but now its time you file an RTI application for
this issue
Reply
151 Sukesh May 15, 2012 at 11:42 pm
In case, me notbeing eligible t withdraw pension fund, whats the use of file of RTI ???
Reply
I said use RTI to find out the information . That what happens in case of 10 months of service . there should be some way for
sure . You will get answer through RTI
Reply
153 Sukesh Choudhary May 17, 2012 at 6:01 am
Thanks for your clarification in this regard.
Regards,
Sukesh
24/145
11/1/2014
Reply
Welcome
Reply
155 Kannadasan May 15, 2012 at 7:18 am
Hey Manish,
there is a option like get a loan without interest instead of withdrawl a aprtial amount. is it true?.
Reply
No , i have not heard about loan option
Reply
There is no loan but advance against our EPF balance.
Reply
158 Venkatesh May 15, 2012 at 9:18 am
Hi,
The information is very useful. These are very important for each individual. Very specific and to the point. Keep up the good work.
Thanks & regards,
Venkatesh R
Reply
Thanks Venkatesh
Reply
160 Suresh K Narula May 15, 2012 at 10:41 am
Excellent Manish, but one fact is always missed while talking about EPF which is interest calculation. Every year, I get PF slip but I could
never get right calculation of interest i.e. monthly compunded or yearly comounded. Please explore this fact.
Reply
Suresh
I am not sure about it, but I think its just normal way .. Compound interest at the end of the year . Will try to find out more
Reply
162 Sandeep June 7, 2012 at 12:14 pm
Hi,
Please explore EPF interest calculation method adopted by EPFO .
Compound interest at the end of the year method is not matching with the PF slips.Im searching nos. of sites and articles on the
subject matter,EPF Interest Calculators,Interest calculation Excel sheets etc. but not found the correct one which matches with PF
slips provided by the EPFO.
Can I get information through RTI.
Please reply,Thanks
Reply
163 JayaprakashReddy August 20, 2012 at 11:56 pm
I was in same impression as you. I found some interesting facts about EPF after speaking to my company CA. EPF interest
25/145
11/1/2014
calculation is done from March-Feb, this is bit unusual compared to fin year april-march or calendar year Jan-Dec. Even I
found all the online calculators are not matching with our PF slips because of this. You can do your own calculation by
applying interest starting from month March till Feb. I did that and it was exactly matching.
Reply
164 Sandeep August 30, 2012 at 5:00 pm
Hi,
Yes sir,I agree with you but if member withdraws any amount during the year then as per our calculations,EPFO is
adopting a method by adjusting a month prior to actually amount withdrawn.Another fact that for contribution
deducted from Feb month salary/remuneration ,which has to be deposited in March,on that contribution no interest is
being calculated.
EPF interest calculation is done from March-Feb,because deduction from March month to be deposited in April
only.Thanks for reply.
Sandeep
Reply
165 pari May 15, 2012 at 11:02 am
Very informative article!
Reply
Thanks !
Reply
167 Mehul Naik May 15, 2012 at 11:05 am
Very informative post Manish. Thanks!
My parents were both in government service and are now retired. They are getting regular pension. The EPS is in addition to the regular
pension govt. employees get or is it included in the same?
Please reply. Thanks.
Reply
Do they have EPF component . I think its in case of private salaried employees
Reply
169 pophale May 15, 2012 at 11:10 am
Dear Manish,
Excellent informative article.I am at the age of 60 and not yet getting pension.What can be done.will I get interest on delayed payment?
Reply
No , you will have to apply for pension . Else you can withdraw it, but you need to take one action
Reply
171 Neerav May 15, 2012 at 2:37 pm
This is regarding point 7. If a person leaves job and for 2 months he has no job then he can withdraw EPF. Now if he joins the new job does he
have the option of not being part of EPF (although he was a member before)?
Reply
No , he does not have this option . He has been part of it once and now he has to be part of it .
Reply
173 Neerav May 15, 2012 at 2:38 pm
26/145
11/1/2014
Also regarding the nomination, I think after marriage one has to re-nominate.
Reply
174 pophale May 16, 2012 at 10:36 am
Dear Manish
Thanks for your reply.I have already applied for pension by submitting documents through my company office.However, pension is not yet
started.As usual no proper answers from govt. dept.Matter is under followup through my company official, being away from my residential
place.Any quick remedial action is recommended by you.
Reply
now you should take help of RTI , I am sure that you will get immediate replies . Follow this : http://www.jagoinvestor.com/2012/03/rtifor-epf-withdrawal-or-transfer.html
Reply
176 Siddhant May 16, 2012 at 12:48 pm
Hi Manish,
one fact which is important is that The money withdrawn before 5 years in the PF scheme is Taxable in income tax at full rate.
This can cause serious issues in personal income tax
Reply
Yes .. I didnt put this point because a lot of people know this
Reply
178 Ms Hyacinth May 16, 2012 at 4:16 pm
Hi Manish
Real good insight into EPF keep it UP!!
It would be good if you give some info on FPS also for people who have completed more than 20 years of service in an organisation.
thanks
Reply
I have no idea on this FPS , what exactly is it ?
Reply
180 munish May 16, 2012 at 4:39 pm
hello manish
i was an employee of an insurance co and i have worked for 1 year , nw after around 6 year i want to withdraw my PF but my account is
dormant nw
Kindly confirm what is to be done in this case ????
Kindly revert
Munish
Reply
You can withdraw the money , you can now submit form 19 for EPF withdrawal and also fill form 10-C for withdrawal of EPS
Reply
182 Prasanna May 16, 2012 at 7:10 pm
27/145
11/1/2014
Manish,
I have the following query:
I started contributing to EPF since July 2005 in Company A. I changed job in July 2008 to Company B. I transferred EPF from Company A to
Company B.
EPF amount got transferred properly and the EPF balance reflects it appropriately.
In May 2011, I again shifted job to company C and Opened a new EPF account.
I had not initiated a transfer of A+B EPF to C.
Now my questions are:
I want to preclose a plot loan. Can I withdraw my old EPF for this purpose.
If I withdraw, will it be taxable.
Please clarify.
Prasanna
Reply
You can withdraw it just like everyone else is doing so . If you are withdrawing it , then you dont have to mention the need at all .. but
you will have to show that you are unemployed as you cant withdraw while you are employed in other job !
Reply
184 Chandrashekhar May 16, 2012 at 9:06 pm
Hello,
I want to understand Employers PF Contribution is part of CTC or Not?
What PF Law says?
Any Example?
Reply
Truely speaking you should not worry about it . What is employer is giving you 7.3 lacs package and gives 30k as his contribution in
CTC . Instead of this , he can always tell you that your package is 7 lacs , then it will look like you are getting extra 30k ?
Reply
186 Suhas May 16, 2012 at 9:18 pm
Hi,
Nice article manish.
I my self withdrawn my pf 2 times but never thought of the legal things.
one addtion.. I heard that soon govt is going to have PF Portability similar to current mobile number portabilty.The deadline they have set is
by end of 2012..But god knows when it will come.
Reply
yes .. portability talks are going on .. mostly that should happen very soon
Reply
188 Selva May 17, 2012 at 8:43 am
Very useful info..
Reply
Thanks
Reply
190 Venkatesh May 17, 2012 at 7:47 pm
Hi,
I have an active EPF account from last 4 yrs. Now my question is will i be taxed on the total amount if in case i withdraw it let say in other 2
28/145
11/1/2014
years?
Looking forward for your reply.
Regards
Venkatesh
Reply
No , it would be 6 completed years by then and then it would not be taxable
Reply
192 Sandeep May 17, 2012 at 9:07 pm
Hi
I have pending home loan of 4 Lacs at interest rate of 13% . Will it be adviseable to withdraw the partial amount from EPF to pay off the home
loan . I have corpus of 12 Lacs in EPF & dont have any major liabilities coming up in next 10 years . I have retirement due after 12 years
Reply
Sandeep
I would say you can do that , but I dont think you can withdraw for this , you can take it for a fresh loan, but it would be tough to get it
just for repayment .
Reply
194 Vikram June 8, 2012 at 2:39 pm
Hi
In the above points, it is mentioned that EPF can be withdrawn for repaying loan.
Reply
195 Manish Chauhan June 8, 2012 at 7:02 pm
Only after completing 10 yrs of service
Reply
196 ANKUR May 17, 2012 at 11:03 pm
Good one Manish-Very informative!
Reply
Thanks Ankur
Reply
198 pradeep May 18, 2012 at 1:26 pm
I have any query .
What is Difference in EPS and Gratuity .
I guess Gratuitu is 4.83 % of basic, which is deposited by Emloyer .
is there any relation in both.
I can see one component as Gratuity in my CTC, and it is in addition to 12 % of basic that is deposited by Employer and Employee in EPF .
Reply
Gratuity and EPF are totally different . read about gratuity here : http://www.jagoinvestor.com/2009/05/what-is-super-annuation-benefitand-how.html
29/145
11/1/2014
Reply
200 SAURABH May 18, 2012 at 4:31 pm
Can you please cross check that out of 12% contributed by employer 8.33% actually goes in EPS,i believe that 8.33% goes to EPF and the
remaining goes to EPS.
Please check once,sorry if i am wrong.
BR
Saurabh.
Reply
No saurabh .. I dont think so , why do you have that confusion , did you read this somewhere ?
Reply
202 girish c sharma May 18, 2012 at 9:14 pm
thanks for this excellent information.
I m working as a lecturer in education department of uttarakhand Govt. Ive completed six n half years .cud i take loan from my EPF account
for the purchase of a house, if yes how much and at what rate of intrest?
Reply
No, 10 yrs have to be completed for taking money out of your EPF account for house purchase !
Reply
204 Prof KC Arora May 18, 2012 at 11:19 pm
Dear Mr Mansih Chauhan,
Excellent information you have disseminated on EPF and EPS.
We are all supposed to know our rights but how many of us actually know and how much, no one knows better than you by now.
I am enlightened with your inputs. but I still have one query on EPS. I left one PSU in 1998 and am getting pension in lieu of employers PF
contirbution. I withdrew my own PF contribution from the PF Trust run by my PSU in 1998 itself. That matter may be clsoed for now.
Then I joined a B-School and joined EPF and EPS from 1st July 2005. My Date Of Birth is 4th May 1951. EPS dedn continuted till Feb 2011
by mistake at around 60 years. I have completed 7 years by now and am to retire in 2016 at the age of 65.
at the age of 58 in May 2009, I had completed only 3 years 11 months service. I should have withdrwan pension benefit @6500x4x4.18 in
2009 itself. Even now I can withdraw whatever I have depsoited with EPS. This I came to know last week only.
But my query is :
Can I continue to keep this money in EPS, complete ten years or more of service at the age of 65 (retirement age) and request for pension based
on whatever my credit in EPS account and the length of service at 65?.
Please dig deeper in tunnels of your knowledge store and please reply.
Thanks/ Prof KC Arora
Reply
Yes ..it should be possible for you .. the only thing i would say is the amount of pension you would get from EPS would not be that great
and anyways the limit of 3250 is there per month , which will be penny anyways .. so my personal situation is that you withdraw the
money from EPS and then use it in a different way for generating regular income .
Reply
206 Tom May 19, 2012 at 10:18 am
Manish,
Excellent and I really appreciate the way you explained things in very simple words, Keep up the good work !!!
Reply
30/145
11/1/2014
Thanks Tom
Reply
208 Prof KC Arora May 20, 2012 at 2:11 pm
Thanks, Mr. Manish Chauhan. You have dispensed well informed and mature financial advice. Please keep it up.
Reply
209 Padmesh KC May 21, 2012 at 9:32 pm
Dear Manish,
You have done a great service by posting this article.
Thank you so much.
I have a question: I have applied for transfer of my PF from my previous employer in Aug 2009. Till now there is no update. Current employer
says he does not have any control beyond sending the transfer application.
My previous company is in Bangalore(Electronics city)
My current company is in Bangalore(Electronics city).[But registered office is in Noida, PF is maintained here as a Trust].
When I check in PF office Bangalore, they need confirmation from Noida. Not sure how to get this done.
Appreciate your reply/answer.
Padmesh KC
Reply
File an RTI application now , it will work http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
211 Prasad Achaiah May 22, 2012 at 7:43 am
Thanks you for providing such a valuable information.. Most of the time we assume that we are aware of this in full. However, this information
makes us more equiped to handle this matter better in later stages. This will be a refference point in future. Thanks Manish.
Reply
Good to hear that Prasad
Reply
213 nadeem May 24, 2012 at 4:33 pm
Thanks for valuable information. Non-refundable loan for purchase of house you have stated that once in the service period can you provide
any documents related to this.
Reply
214 abhimaniu May 27, 2012 at 1:36 pm
Thats too much info. Thanks
Reply
good or not
Reply
216 siva May 28, 2012 at 5:52 pm
Wonderful article and many hidden facts revealed even which PF officials don;t know
Reply
31/145
11/1/2014
Thanks for appreciation

Reply
218 Khirubagaran May 30, 2012 at 11:20 am
Hi Manish,
My previous employer didnt give my PF number and it wasnt printed in my payslip as well. When approached them they are not ready to
provide and give me lame excuses.
Can I file a RTI complaint to get my PF number? Is there to procedure to get my PF number?
I worked for 16 months and they have deducted lumpsum amount as my PF contribution.
Once I get the PF number then I can file one more RTI to transfer my money into my account.
Thanks & Regards,
Khirubagaran
Reply
I think you can give your company name and PF office should be able to tell you that
Reply
220 Khirubagaran May 31, 2012 at 7:27 pm
Thanks Manish. Will do that and share my entire story once I get my settlement.
Reply
ok
Reply
222 Khirubagaran May 31, 2012 at 7:28 pm
Thanks Manish. Will do that and share my entire story as soon as I get my settlement.
Reply
Great .. please do
Reply
224 Karthik June 6, 2012 at 5:56 pm
http://labour.nic.in/ss/Notificaiton/EnhancementofEDLIbenefits.pdf
This mentions that there is an amendment wrt enhancement of EDLI benefits to upto twenty times of avg monthly salary (max 6500) of last 12
months, which makes it maximum possible upto a total of 130,000 ? Pls confirm. Thanks
Reply
If that is the latest one , then better believe it
Reply
Hi,
Please explore EPF interest calculation method adopted by EPFO .
Compound interest at the end of the year method is not matching with the PF slips.Im searching nos. of sites and articles on the subject
matter,EPF Interest Calculators,Interest calculation Excel sheets etc. but not found the correct one which matches with PF slips provided by the
EPFO.
Can I get information through RTI.
32/145
11/1/2014
Please reply,Thanks
Reply
Did you take into consideration that a part of your EPF money goes into EPS and it does not earn any interest?
Reply
Thanks for reply and also taking this important issue for your kind consideration.
Yes Sir,EPS part/contribution not included for calculating interest at my end.Only the EE & ER share(excluding EPS@8.33%
subject to maximum 541/-) taken for calculations.Actually Sir,EPFO calculates interest on EE & ER share separately as shown in
issued PF slips also.EPFO office says that our software calculates interest but on questioning which method & formula being
adopted,no reply also no information on site & scheme.Sir,if you are having PF slip issued by the EPFO and monthly contribution
details(Form-3A) of a particular year , calculate on monthly or annually compounding method basis ,calculation will not match
with PF slips.Hence,Mr.Suresh K Narulas post/comment dt.-15th May12 is relevant and always missed while talking about
EPF.Please explore this fact.
Sandeep
Reply
Did you get the information about How EPF interest is calcualted through RTI ? Do that and you will get the answer for
sure
Reply
230 Krishnendu June 7, 2012 at 4:04 pm
Whether employees inducted at or above Rs.6500/- necessarily come under the EPF and EPS? Also, if a person is a member of the EPF, will
that automatically entitle him a membership of the EPS? Can he choose to be out of it? Can the industry take the plea of not entitling him the
provision?
Reply
the limit of 6500 applies to EPS , one has to compulsorily opt for EPS automaticaly , you cant escape it
Reply
232 Deivasigamani June 7, 2012 at 6:12 pm
Awesome post about EPF. One of the best articles in the www about the finer details of EPF.
Thanks a lot for sharing it and taking the time to explore and write about this.
Deiva
Reply
Hello Manish,
Assuming my basic to be 10000 and my service is since 6 years, how much of loan/advance can i get for repaying my home loan.
Reply
You can not get it for home loan repayment , because it needs atleast 10 yr of service
Reply
Also can we withdraw EPS
Reply
33/145
11/1/2014
236 amit June 14, 2012 at 11:58 pm

meri skitne ghante ki dutty or kitni salary wale ka epf cut sakta h
Reply
Please ask in simple language !
Reply
238 TULSHIDAS June 17, 2012 at 11:21 am
Pl. let me know, how much days it will take to sanctioned the home loan amt, after submission of form no 31
Reply
239 Manish Chauhan June 19, 2012 at 10:25 am
There is no time frame like this defined .. each bank takes different time
Reply
240 Prasoon June 19, 2012 at 3:11 pm
Manish,
I noticed that EPF Balance (mentioned on EPF slip or sent via SMS) for Employees contribution was slightly different from what I had
calculated. When I checked with my HR, they told me that its Mar-Feb calculation instead of Apr-Mar calculation. So for F.Y. 2010-11, itll
take contributions of Mar 2010 Feb 2011 into consideration. When I recalculated based on above, it matched for last three years.
Could you please confirm that it is in general practice and not an exception?
Prasoon
Reply
241 Prasoon June 19, 2012 at 3:13 pm
Just to add, Employers contribution was also calculated in the same manner.
Reply
Yes.. this seems correct to me , because the calculation will be done on the lowest balance from 5th to last of month . so what ever you
put in FEB , will be added back to that month and for MAR the interest will be added at the end of the MAR month ! .
Reply
243 Naveen Kumar S R June 19, 2012 at 8:31 pm
Thanks a lot. The article was very informative. I need another clarification, is it compulsory for companies to provide EPF option to
employees? Because in my current company we dont have EPF.
Reply
Its compulsory ,if the company has more than 20 employees !
Reply
Thanks for the info. My current companies strength is less than 20.
Reply
then its not mandatory for them
.. But you better start acting like your EPF is being cut and start saving it
Reply
34/145
11/1/2014

what do you recommend as a replacement for EPF? I have opened PPF account and depositing maximum amount
permissible already. Do you suggest any other option?
Reply
Yes PPF is a very valid alternatives. you are going right
Reply
249 Vishnumoorthy June 20, 2012 at 6:25 pm
Hi manish,
I have 2 doubts related to this. Could you please solve them?
1. To get pension amount, I should have finished 10 years of service and 58+ years both? Or any one condition is applicable?
2. You told pension will be for life long and after persons death, nominee will get it. How pension is paid? how much they will pay? is it
monthly payment? Please give clarity on payment of pension
Thank you,
Vishnu
Reply
1. Both
2. Yes its paid montly and how much is mentioned in article
Reply
251 Vishnumoorthy June 21, 2012 at 6:12 pm
Thank you
Reply
252 Pradeep Kumar August 16, 2012 at 3:40 pm
Dear Sir,
I have booked a flat with a builder and the flat is almost complete and now to fund the registeration process I would like to
withdraw my PF please let me know is it possible to get the withdrawal for this if yes what documents I have to furnish?
I have gone through the PF Form 31 requirments for buying a flat but the withdrawal amount will go in favour of the builder and
for registration I need the amount in my favour. Pls guide
Reply
253 Urvashi June 22, 2012 at 1:17 pm
I was working in a private company in Mumbai during 2006-2008 where EPF was deducted. After a year or so, I shifted to another company in
mumbai where also EPF was deducted and was till Aug 2009. After I shifted to a Company in Gurgaon where EPF is not deducted since the
company has less than 20 employees.
1)What are my current options in respect of the deduction already made and how do I get to know the current status of my fund.
2) Can EPF fund be transfered to PPF a/c
3) you mentioned that Rs: 100,000 limit is only for PPF so do that mean that under 80C if someone has EPF deduction of say 100,000 he can
also avail of 100,000 deposited into PPF account
Pls clarify
thanks
Reply
Urvashi
35/145
11/1/2014
1. Right now you can either withdraw the EPF Or you can let is continue , it will earn the interest for next 3 yrs from the date of
inactivity (each EPF is seperate) . After that it will not earn interest
2. NO , they are totally seperate things .
3. NO , you can deposit 1 lac in PPF , but your total 80C deduction can not cross 1 lac .
Manish
Reply
255 Swati July 4, 2012 at 11:29 am
Thank you so much for sharing your knowledge. Really helpful.
Reply
256 Swetank Saroj July 5, 2012 at 2:59 pm
Hi Manish,
Thanks a lot for this great and informative article.
Have read your blog some time but especially hooked to reading it from last one week. Its great that you start a topic and then are people keep
on adding comments and extra information which are really helpful.
I am working from last 5 years. I initialy worked for 3 yrs 4 months in a company at Gurgaon and then changed my job to another company in
Bangalore. Starting from October, 2012 will be moving to a new organization to a new city.
My Gurgaon Employer used to submit the EPF with RPFC Gurgaon and the present Employer have their own PF fund. I raised a request for
EPF transfer from RPFC Gurgaon to my new PF account. I properly followed the procedure and have scanned copies of document as proof for
not only raising the transfer request but also of its submission and acceptance by the RPFC Gurgaon. Its been close to 16 months but my EPF
has not been transferred to my present employer. Have raised my grievances recently when I was sure that I might be getting a new job offer.
I tried a lot to get in touch with the people at RPFC Gurgaon; months or say a year back someone has picked my call at the office and said that
it will take a minimum of 1 year and after that no one is giving me a proper reply. I know RTI is an option (got to know the procedure from
your blog only). Initially (till 31st March 2012) I was able to my transfer request status online (shows that its accepted and transfer is in
process) but from 1st April, 2012 now I am only able to see a blank screen againg my claim/request. Although I recieve updated SMS when I
try to find out the amount, initially it shows only the total amount till 31st March, 2010 and now upto 31st March, 2011.
I would also like to state that based on my interaction with other people and friends RPFC Gurgaon is one of the worst office; they never send
the PF slip to the respective employess (I never get a PF account statement as is expected from them during my 3.4 yrs of tenure) nor they even
care to send the PF statement details to the employer (my last employer confirmed this to me as well as many of my co-workers)
I request you to answer my below mentioned queries:
1. In case my transfer request got successful, will I be getting my EPS also transffered to the new account or only the EPF?
2. Do I need to send a new Form 10 for EPS transfer request?
3. In case I send an RTI query will I be able to recieve the transfer amount to my present PF account before September, 2012?
4. In case the transfer do not get completed by the time I got released from my present employer and the amount came after that what and how
it will be taken care of? Assuming two cases- First, when I do not withdraw my PF from the present employer soon and Second when I
withdraw the PF from my present employer?
5. Assuming I start getting a pension from the EPS amount; I know I can pass it over to my heir after my deat, but can they also pass it on to
somenone after their demise?
Once again I would like to thank you for your great effort.
I also request to write about the consumer rights especially in case of Airline Industry and the flight and travel insurance concerned. I have
recenly claim an amount of 10K under flight delay criteria and after successfully waiting and umpteen number of follow-up for 5 months got
the entire 10K insurance ammount.
Thanks,
swetank
Reply
257 Manish Chauhan July 6, 2012 at 7:55 pm
1. If you had filled form 13 , it will take care of EPS also
2. I feel this should come into 3rd point
36/145
11/1/2014
3. RTI is only for getting information , nothing else

4. You generally get the EPF amount in your bank account or through cheque , so there is no concern like this that you should be present
in current company
5. You can get it only after 10 yrs of service and completing 58 yrs of age, so its too early to think about it
For consumer rights issue just go to akosha.in , they will take care of it !
Reply
258 Swetank Saroj July 6, 2012 at 9:28 pm
Hi Manish,
Thanks for your reply.
As per your 4th point my concern is a little different. I have requested for the transfer of my PF and not withdrawal. I know two
seperate cheques will be sent (one for EPF and the other for EPS). But if I am not wrong these cheques will be sent directly to my
present emploey PF fund or PF account number. As I am leaving the company by the end of September, 2012 and will againg raise
a request for transfer of this amount (from my present PF to the new PF account). What will happen when my sendcond transfer
happened before the credit of the first transfer request?
Hope I am clear in my query?
Thanks,
Swetank
Reply
259 Manish Chauhan July 7, 2012 at 8:29 am
Hmm .. I am actually not clear of answer . I request you to file the RTI with these queries, you should get reply within 30
days
Reply
260 Rakesh July 10, 2012 at 12:44 am
Hi Manish,
Somehow article is not there anymore.
Only comments are there.
Please check
Thanks,
Rakesh
Reply
261 Rakesh July 10, 2012 at 12:48 am
After posting the comment, article is visible now.
Reply
262 Arvind July 19, 2012 at 12:06 pm
Hi Manish,
I am working in Engineering college as Assistant Professor, my monthly EPF cutting is Rs. 780/-from my salary. I have checked my EPF
balance as given below
On 08/09/2011, found Accounts updated up to 31/03/2010 EE=Rs. 40963/- & ER=Rs. 12551/On 22/05/2012, found Accounts updated up to 31/03/2011 EE=Rs. 44854/- & ER=Rs. 13743/My Expectation on 22/05/2012, Accounts updated up to 31/03/2011 EE=Rs. 54622/- & ER=Rs. 16736/-, today also it is showing the same.
After calculation I found that (44854-40963=3891) Rs. 3891/- is interest on EE Rs. 40963/- and (13743-12551=1192) Rs. 1192/- is interest on
ER Rs. 12551/So there is a difference of Rs. 9768/- in EE and Rs.2993/- in ER (Total one year EPF Cutting @ Rs.780/-), Why this difference is there?
I have checked with my Employee, they said that all amount is paid to the EPF office, I have verified also.
Can we say that one should not check and believe on http://www.epfindia.com/
For Nasik: http://epfoservices.in/epfo/member_balance/member_balance.php?officename=NASIK
What can be done in this regard?
Reply
37/145
11/1/2014

File an RTI application on this, post your queries and you will get the reply
Reply
264 KeN July 25, 2012 at 2:02 pm
Hi Manish,
Thank you very much for sharing this information. I wanted to know if I can completely withdraw my PF account.
I have been exactly 2 years with my (first)employer and Ill quit my job next month and go for MS. Every month Rs. 1350 is deducted at
source (as EPF. So this means total contribution towards PF is 2700 per month. Subtracting Rs. 541 gives me Rs2159 per month in my EPF
account) Can I withdraw my EPF money calculated Rs. 215924(months) = 51816 and EPS money calculated Rs.6500*2.05=13325 ? Total
comes around Rs 65414 (=51816+13325) !
1.Can I withdraw this amount ? And in approx. how many months will I receive my money ?
2. As Im leaving this job, the taxable income calculated for FY 2012-2013 will not be more than 2L slab, which implies that I need not pay tax
while this withdrawal. Correct me if Im wrong !
Looking forward to your answer !
Thanks.
Reply
Vishal
1. You can withdraw this amount , but note that it does not come fast , it can take months and years .. but you do one thing . Put the
withdrawal form and then keep following up using RTI applications . http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-ortransfer.html
2. Yes you dont need to pay tax on your INCOME , but this withdrawal money will be taxable because your EPF is only non-taxable
after 5 yrs of working .
Reply
266 KeN July 30, 2012 at 11:31 am
You mean to say that, it is not counted under INCOME and it is taxed seperately ? In such case is the percentage deducted 10% or
?
Reply
I guess I made mistake , it will actually be added to your income and taxed accordingly ! , hence if there is no other income
in that year and the withdrawal from EPF is less than 2 lacs, then NO TAX
Reply
268 SS July 27, 2012 at 12:22 pm
Hi Manish
I have completed 7 year of service and joining a new company. I would like to completely withdraw my PF. Even if it is non-taxable will this
withdrawal be shown in Form 16 ? Do I need to declare the PF withdrawal when I file ITR next year ?
Reply
You can withdraw it , no tax on that, no need to show it in return
Reply
270 Prasad July 29, 2012 at 12:33 pm
Hi Manish,
I have worked for company A for 12 year and recently changed to company B.
Company A maintains my PF in PF trust.
38/145
11/1/2014
I want to withdraw my PF to save my property in my home town. As you said it is illegal to withdraw when I am working in different
company, what can I do now?
please suggest.
Br
Prasad
Reply
Thats how it is , as per law its now allowed, but generally people do it
Reply
272 Ram July 29, 2012 at 6:46 pm
Dear Manish
In our organization there are two categories of employees. Faculty and non faculty.They were governed by different appointment
conditions.They were given employers contribution of 12 per cent of their basic and DA
Now the management is saying that one category is eligible for only the employer contribution limited to Rs. 12 pc of Rs. 6500.Can the
management have two types of eployer contribution for two different category of workers?
Ram
Reply
I am not sure of that, better you ask it on our forum : http://www.jagoinvestor.com/forum
Reply
274 alpesh July 31, 2012 at 10:04 am
how i witharw eps please reply give full detail regarding eps
Reply
See this http://www.jagoinvestor.com/forum/procedure-to-withdraw-epf/1011/
Reply
276 Srinivas August 2, 2012 at 6:52 pm
Hi Manish,
Thanks for the valuable information.
I have been working in a private company for the last 11 years. I have been contributing Rs 541 per month all along.I got the formula (above)
to calculate pension as:
I am not clear on how pensionable salary is arrived at. You have mentioned that normally this would be limited to Rs 6,500 p.m.
Does it mean that the maximum pensionable salary is Rs 6500 for calculating pension. My current basic is Rs 22000. Is pensionable salary
dependant on the basic? Kindly clarify. Thanks.
Reply
277 Manish Chauhan August 4, 2012 at 6:24 pm
Pensionable salary would be maximum 6,500 , if some one crosses that , still his salary would be taken as 6500 only , so beyond a point ,
your pension does not increase !
Reply
278 Neha August 3, 2012 at 7:08 pm
Hi,
I would like to know if one has not withdrawn or transfered their Pf from 2007 till date then what will happen ?? Can he claim now ? Will they
get PF with some interest ?
39/145
11/1/2014
Please clarify.
Thanks
Reply
You must have got interest for 3 yrs only, not after that .. you can now withdraw it or transfer to another account !
Reply
280 sathish August 9, 2012 at 3:46 pm
I have resigned my previous job in april and opted for PF withdrawal from my previous employer.The same has been processed and it was
rejected from PF office.Then my employer corrected it and sent back to PF office.And again for the second time it was rejected and this time
my employer says that he did not recieve the rejected form from PF office.so what can i do to proceed further?
1.Whether i need to enquire the PF office regarding the Form? or
2. Can i ask my employer to resubmit the PF withdrawal form?
Note: One of my friend opted for the PF withdrawal from the same employer but he responded that u can withdraw the PF amount only if he is
unemployedso whether it is true? is there any rule like that? if not so whether v can oppose our employer to sent the withdrawal form?
Please suggest..Thanks in advance..
Reply
Satish
Yes you can withdraw it only if you are unemployed, better file an RTI now and ask your queries from them !
Reply
282 Aparna August 13, 2012 at 12:47 pm
Thanks for the informative articleGot to learn so much
Reply
283 sandeep August 13, 2012 at 7:00 pm
we usually get balance for EPF in terms of EE & ER. How to get pension fund balance?
Reply
You mean EPS ? That you can get only by RTI !
Reply
285 RAMIDI August 14, 2012 at 11:41 am
Sir, actually i resigned a job in 2007 but not applied for PF, is it possible to apply now
pls. give the clarification on this
Reply
You will have to apply for withdrawal now !
Reply
287 ASHWANI KUMAR August 15, 2012 at 9:21 am
Sir,
Pls guaid me to about to pension fund . i do not understand EPS amount after how much time withdrewal.
With Regards,
40/145
11/1/2014
Ashwani Kumar
Reply
What exactly you need in the guidance ?
Reply
289 Deb August 16, 2012 at 3:16 pm
I left the job in July and I want to withdraw my PF amount now,Can you please tell me that the withdrawal PF amount will be added to my
current year income and wil be taxable as per the slab?or it will be deducted from the past years savings and recalculate the tax for the past
years?
Reply
If you have not completed 5 yrs of job , then it will be added to your current income for the year and taxed as per slab
Reply
Dear Sir,
I bought a flat fom a builder and the flat is almost complete for possession. now for registration and other charges I would like to withdraw
from PF. Is it possible to withdraw for registration purpose? and then how?
I have read the terms of EPFO that the cheque will be made in favour of the builder but the registration is not their responce. So how can I get
the cheque in my favour Pls let me know how can I tackle this issue.
Reply
I dont think you can do that , you can get the money from EPF only if you have served for more than 10 yrs (please confirm once) and
that can be towards the main payment, not for registration and all .
Reply
I have completed more than 10 year in PF, Is there any way out
Reply
294 Kishore August 17, 2012 at 5:09 pm
Hi Manish,
Is Form-13 required from the current employer for withdrwing PF from previous employer.
Thanks in advance !
Kishore
Reply
295 Manish Chauhan August 20, 2012 at 11:16 am
No , your current employer has nothing to do with the EPF withdrawal from previous company, form 13 is available on net , just
download it !
Reply
296 Balaji August 20, 2012 at 7:23 pm
Hi Manish,
I worked for an MNC for 5 years from 2000-05. Few years back the company has closed all its India operations. Whats the procedure to
withdraw PF and who can endorse my PF withdrawal application.
Regards,
Balaji
41/145
11/1/2014
Reply
You will now have to fill form 10C and send it to PF department .
Reply
298 LOKESH TANEJA August 21, 2012 at 12:08 pm
Dear MR. Manish,
One query regarding EPS i.e. 8.33% or 541 whichever is less.
My query is if any employee works in any months for 15 days and his monthly basic salary is 10000/-. Now he gets his basic salary Rs. 5000/(for 15 days)
In such cases what would be the EPS amount
is it 417 (8.33% on 5000)
or
271 (50% of 541)
regards
lokesh
Reply
It will be 8.33% of the basic salary for that month !
Reply
300 Pavan August 23, 2012 at 12:03 pm
Hi,
Thanks for the information provided in this article.
I am currently working with my 3rd employer. I had applied for a PF transfer from 1st to 2nd employer. When i quit my 2nd employer, i
couldnt withdraw as the transfer process was still undergoing. So this year when i got a confirmation that the amount has been transferred, i
applied for a withdrawal from my 2nd employer and ideally i should be getting transferred amount of 1st employer + amount accumulated in
2nd employer. But i just got the latter part after withdrawal. When queried, my 2nd employer said that, the transfer is not yet reflected in the
account statement by their PF office. So, i will have to reapply for a withdrawal once it is reflected.
Now my question is, when the time comes to re-apply for a withdrawal (this time for the transferred amount) I hope the PF account doesnt get
closed by then because of no-amount or whatever. I found that my PF account with 1st employer has already been closed after the transfer so i
am pretty confused about this.
Please help!
Regards,
Pavan.
Reply
You account is closed only after the money is withdrawn or transferred, so at any point of time you would need an active account, right .
I am not sure if I understood what you want !
Reply
302 Hetav August 24, 2012 at 2:36 pm
Mahish,
Wonderful post indeed.
Just one question on the PF withdrawal pleaseI quit my job on Dec 2011 and I filled my PF withdrawal on Aug 2012.
My question is by what date/month do I earn an interest on my PF amount. i.e. Till Dec 2011 or Aug 2012.
Hope I am not too confusing
Reply
You will get it till for the month , its actually withdrawn !
Reply
42/145
11/1/2014
304 swapan kumar August 24, 2012 at 7:51 pm

hello Sir, i left my last company in the month of june 2012, and havent joined any other company till now, so when can i apply to withdraw
my EPF & EPS amount. please suggest
Reply
Yes you can do that !
Reply
306 Geeta Ramola August 24, 2012 at 9:06 pm
I worked as a teacher from 9th oct 2000 to 17th march 2011 and i filled up all the required form. when ever i google about payment amount i
will get from epf, message which i get on my mobile is accounts updated upto 31st march 2010. Now my query is what about the one whole
year i worked from 1st april 2010 to 17th march 2011 .are they going to pay me for that period or is there mistake done by them? how to go
about? please help
Reply
Geeta
You should get it, just that they have not updated the records , you should not file a RTI for this
Reply
308 swathi August 29, 2012 at 11:34 am
Hi,
I want to update my dob in pf details.Please tel me the procedure.
TIA
Reply
Swathi
Better ask it here http://www.jagoinvestor.com/forum
Reply
310 S K Mishra August 30, 2012 at 10:37 pm
Hi Manish,
Thanks for such a informative post.
Please help in below :
What is the benefits for nominee in case of death of employee during service tenured in terms of EPF and EPS.
a.What is fixed amount nominee is eligible for?
b. Is Nominee eligible for Pension as well?
c. If point 2 is yes than how it is calculated and till what age this is being given?
d. Are there any other benefits from EPF for Nominee.
Also what is the limit for Gratuity?
Thanks
SK
Reply
S K Mishra
1. He will get both EPF and EPS
2. No , the amount will be just handed over to Nominee.
4. NO
Manish
43/145
11/1/2014
Reply
312 Sat August 30, 2012 at 10:43 pm
Hi Manish,
Thanks for such a informative post.
Can you please help me in following :
a. What are the benefits nominee will get in case of death of EMP during service tenured with and without completing 10 yrs of service
b. Will nominee be eligible for Pension, what can be maxium amount and tenure in case its yes?
c. What will be lump sum eligible amount the nominee will get?
d. Any other Statutary benefit which Nominee will be eligible for?
e. What is the limit of gratuity?
Thanks a ton
SK
Reply
313 Sat August 31, 2012 at 6:20 pm
Thanks Manish, so when u said no for pension this is true even when EMP has served 10 yrs of service?
Reply
What is EMP ?
Reply
315 Nirav Parikh August 31, 2012 at 10:52 pm
Is EPF provide any kind of loan facility?
Reply
316 PIYUSH September 2, 2012 at 2:19 am
You can only partially withdraw your own money. No loan are provided by EPF.
Reply
Yes , its there http://www.jagoinvestor.com/2012/05/epf-facts-employee-providend-fund.html
Reply
318 Peter September 5, 2012 at 12:56 pm
Hi Manish
In one of you comments above, youve mentioned .you will be taxed and its not 30% , its actually added to your income and then taxed as
per your slab
I quit my last job in India in Dec 2009 and immediately moved abroad on employment. My previous employer has a Private Trust. My queries :
1) I read on a website that if you are going abroad on employment, you can opt out of this scheme and get your money back. Is that true? Does
it apply to private trusts managed by the company and I dont have to pay tax on withdrawal?
2) If 1) is not true and I do a withdrawal will the amount be taxed at source ,i.e., @30% or will it be added to my income as per your
comment and tax applied as per the approriate slab? As I dont have any other income in India, would that mean that if my taxable PF
withdrawal balance (excluding employee contribution) is less than 5 lakhs, I just pay 10% as tax on the PF withdrawal?
You response would be greatly appreciated.
Many Thanks
Peter
Reply
44/145
11/1/2014
Peter
Yes , I have also heard this, but not much information is available anywhere, can you open a thread on our forum to discuss this
http://www.jagoinvestor.com/forum/
Reply
320 Peter September 6, 2012 at 7:38 am
Thanks for your quick response. Ill open a new thread for point 1, however, for point 2, could you clarify what the % of TDS
would be? Would this be 30% or less as per one of your comments above.
Many Thanks
Peter
Reply
There will not be a TDS
Reply
322 Sheela September 11, 2012 at 3:54 pm
HI,
I want to know about PF. If want to withdraw my amount after completing 1 year in a particular company can I get Employee and Employer
contribution like 12+12 %.
Pls guide me
Regards,
Sheela.
Reply
323 Manish Chauhan September 12, 2012 at 10:22 am
Yes , but it will be taxable and you will get it only on leaving the job
Reply
324 Vishal Mane September 11, 2012 at 6:43 pm
Very unique content, came to know lot of unseen aspects about PF which other sites do not provide.
Reply
Thanks for appreciation Vishal !
Reply
326 bimal Mehra September 12, 2012 at 5:42 pm
Hi Manish,
I want one clarification , I left my org. two yrs back then I joined a new one, I initiated the PF transfer req. but even after two yrs the transfer
didnt happen , I inquired on this from my first employer and they said they didnt have any acknowledgement regarding my PF transfer
request sent to PF dept. and eventually the transfer still not happened.
Now I dont know whats the status of this transfer request and even not sure whether they had initiated the request or not. So I decided to
withdraw the PF
but my employer sent me few forms and one is Non-Employment declaration form ,Though I know its not legal to withdraw but because of the
unresponsiveness of my previous employer I want to take this decision.
Please suggest can I withdraw my PF money without keeping my previous employer in loop.also my PF is in Chennai PF office and currently I
am in Mumbai, can it be possible to do it from mumbai itself.
Reply
Bimal
45/145
11/1/2014
Yes its possible to withdraw from EPF without involving your previous employer , but then you need to do some extra things like you
need to get a signature from a gazzated officer (like you do for noterizing things)
Manish
Reply
328 ravi September 12, 2012 at 11:17 pm
I joined central govt job recently before that I worked for 2 private companies
in 2nd private company I applied for PF transfer but not sure whether I applied for EPS transfer or not. ammount from 1st PF account has come
to 2nd PF office.My questions:
1. As per my current employer, In central govt there is no provision to transfer EPF fund so in this case what should I do? will withdrawal be
taxable? can I keep PF active and get all benefit like pention etc.?
1. How can I find out whether EPS part has been transferred ?
Reply
Ravi
Generally if your employer has helped you in all the forms , they must have taken care of it , also you can ask from EPFO directly using
RTI
Reply
330 Prasad September 13, 2012 at 12:08 am
Hi Manish,
Is it possible that employer doesnt create EPF account for employee even though the salary is Rs. 20,000. ?
Reply
Yes its possible , the only rule is that a employer should have more than 20 employees to be part of EPFO :
http://www.epfindia.com/for_employers.htm
Reply
332 Kushal Sharma September 15, 2012 at 2:06 am
Awesome post about EPF. One of the best articles in the www about the finer details of EPF.
Thanks a lot for sharing it and taking the time to explore and write about this.
Regards
Kushal Sharma
AOL-kushal.sharma
Reply
Welcome Kushal !
Reply
334 ANIL September 16, 2012 at 11:11 am
Dear Manish
Your article is very informative.Keep up the good work! I was employed in a public sector company for 15 yrs.I resigned and now I am
working abroad. On leaving the previous company,I had received a Scheme Certificate from EPFO under pension scheme 1995 with Scheme
certificate no.,details of pensionable salary,pensionable service etc.What should I do with this certificate for getting pension? Please clarify.
Regards
Anil
Reply
46/145
11/1/2014
Anil
You will get maximum clarity only when you discuss it on our forum , let other members also have a look at it
Reply
336 Yougesh September 16, 2012 at 4:36 pm
Hi Manish,
I have check my PF account & I recieve msg as below:
EPF balance in a/c no. AP/HYD/xxxxx/xxx/xxx is EE amt:Rs 16988, ER rs.5192 as on 04-09-12(accounts updated upto 31-03-11)-EPFO.
\
I was joined in my company in sep 2008. From then my p.f contribution is 780 rs per month till today.can you explain how this would be added
to my p.f and explain in detail about the message i recieved from EPFO.
What is EE amt?
What is ER amt?
Thanks
Yogesh
Reply
EE is your contribution to EPF
ER is your employer contribution to EPF and rest goes to EPS
Reply
338 Nithin R September 19, 2012 at 1:39 am
Manish,
Had a question!
The maximum contribution towards the EPS per month is 541, & EPF+VPF is X
When withdrawal, you mentioned that only the EPF(+VPF) is given 100% of the contribution + interest. And EPS is as per Table D
Now, Lets say an employee has served 8 years and is applying for withdrawal
His EPF will be given 100%, n his EPS is 6500*8.7 = 56550
While the contribution towards EPS is only 541*12*8 = 51936
How does this work out! Isnt there a difference of 4614?
That the employee will stand to gain?
Am I missing something here?? Thanks in advance!
Reply
thats how it is .. you are loosing out actually , there is no interest you are getting on EPS !
Reply
340 SANDEEP KUMAR SAMAL September 19, 2012 at 3:42 pm
hi, my name is sandeep kumar samal. my father had expired in the age of 39 date was 31st july 1992, from that time my mother gets the pf
pension, but that amount is going to reduce as per the child grow and cross the age of 21 to 25, from starting my mother was getting near about
rs. 2000 and now she is getting rs. 1400, but the pension amount is not grew till now.
kindly inform me pf pension would grow or reduce.
Thanks and regards
Reply
I dont think it will grow , if it has been reducing , then it will just reduce ! .. Kindly discuss it on our forum
Reply
47/145
11/1/2014
342 ASHWINI September 20, 2012 at 2:31 pm

Hi,
I was working with A Company for 3.7 yrs ,after switching to B Company I witdraw my PF amount.
Now in B almost 1 year is completed, but for some financial issues I want to withdraw this PF money .
How can I apply for the same or I have to wait for changing the company again
Reply
You cant withdraw unless you quit your job , also it will be taxable !
Reply
344 Harinderpal Singh September 21, 2012 at 2:17 am
Dear Manish,
Really nice to have such valuable informations regarding EPF, which is hard to get all at one site. Thanks for this.
I had a small query kindly help me.
I have completed 7 years of my service in a pvt ltd company.
I applied for 100% PF+VPF amount withdrawal for purchasing a flat. Also I had done builder buyer agreement jointly owned by myself and
my father, hence company trust has refused my application. Kindly advice me on following points;
1. Is there any other legal way or any undertaking from my father will work in this case? or will I have to change the agreement altogether?
2. The supporting doccuments that I had submitted to the trust includes following, are these doccuments enough or need something more:
a. Proposed plan of site
b. Builder buyer agreement copy
c. Cost estimate from builder
d. Payment schedule and receipts of payment made so far
e. Demand notes from builder
Buider has not provided me any copy of Govt. NOC, Deed, approved plan etc. hence unable to submit these certificates. Is it necessary to
submit these certificates also or not?
Please help me.
Reply
I think you should discuss this on our forum http://www.jagoinvestor.com/forum/
Reply
346 Jacob September 21, 2012 at 6:43 pm
Hello Manish,
I have a query on EPF. I was working with a firm from March-2007 to Dec-2010 with a Firm. Then I have changed to another company. And I
am working this company till date. But I have not transferred EPF from the previous company to my new account.
Is it possible now for me to shift the previous EPF amount to my current EPF account?
What is the procedure for that?
Thanks in Advance!!
Reply
Yes you can now transfer your old EPF to new one Follow this http://www.jagoinvestor.com/forum/epf-account-transfer-issue/2892/ or
ask another question there !
Reply
348 Sateesh September 22, 2012 at 6:01 pm
Hi manish,
very nice article. Thanks and would like to know how much interest % we get for EPF?
and compound Interest is annually or half yearly?
and how much is the max % of amount of Basic , i add more to EPF???
Thanks
Sateesh
Reply
48/145
11/1/2014

Its all mentioned in the article itself !
Reply
350 Mahendra Singh Gaharwar September 23, 2012 at 3:05 pm
Priya Manishji Namashkar,
Mai 1996 maine 1996 me Sahara India join kia tha aur 2010 me tyagpatra diya kya mai pension paane kaa hakdaar hun jabki maine apna PF le
liya hai aur wartamaan me apnaa business kar rahaa hun ?.Yadi company band ho jaati hai to mujhe pension kaise prapt ho paayegaa ?
krupayaa mujhe saari prakriya bataayen.Aur mujhe jo PF diya gayaa yadi mai usase santusht nahi hun to apne account ki poori jaankaari kaise
prapt kar saktaa hu ?
Reply
Agar company band hoti hai to pension obviously nahi milega . File a case against the company if its not following the rules
Reply
352 sachin verma September 24, 2012 at 1:43 pm
hello manish
I am sachin i wnat to knwo abt my wifes pf amount. i visited the epf website and they sent me msg but i m not able to understand the msg so
could u pls help abt this, msg is
EPF Balace in A/C No. MP/IND/XXXXXX Is EE Amt: Rs 22810, ER Amt: Rs. 6979 as on 14-09-12 (Accounts updated upto 31-03-2012)EPFO
Reply
It means that as of 31-03-2012 , your total balance in EPF is 22810 + 6979 = 29800 ! ..
Reply
354 ravi shankar September 26, 2012 at 12:03 pm
Hi Manish,
How are you. I have been following your blog with respect to PF A/cs and i must say that you are doing a fantastic work here.
I have a query of my own. I have worked for TI Cycles of India from 13th April 2009 to 15th Sep, 2009. I didnt withdraw my PF.
Then i worked for Bharti retail from 22nd September to 8th Feb 2010. Again i didnt withdraw my Pf.
Then i worked for Lilliput Kidswear Ltd from 1st June 2011 to 8th Oct 2011. No withdrawal of PF here as well.
I have the PF A/c no for all the three companies and from 15th Oct, 2012 i aam going to join Hawkins Cookers ltd.
Pls suggest how should i proceed, should i apply for withdrawal of these a/cs or can i get them transferred to the new organization which i am
joining from 15th October.
Also is there any way by which i can know my balance in these PF A/cs as they are old A/cs.
Thanks in advance.
Ravi Shankar
Reply
Ravi
You can either withdraw them all or transfer them , anyone is fine . BUt the point is how easy it will be for you to do that now , because
you will need some kind of signatures from all the employers to transfer or withdraw, while there is a workaround to not involve the
employers and get it transferred or withdraw it would involve taking signatures from some gazzated officers , will write about it very
soon .
You can get info about your past EPF accounts in two ways
1. Either apply for EPF passbook , refer http://www.jagoinvestor.com/2012/08/epf-passbook-employee-provident-fund-balanceonline.html
49/145
11/1/2014
2. Or file a RTI and ask about the balance , refer http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html

Reply
356 vishnu September 27, 2012 at 11:12 pm
Hi
will i get intrest on my provident fund a/c even after i had left my job?
whats the time limit for withdrawl of my pf acc amount????
Reply
Yes you will get interest for 3 yrs , after which it will become in active and will not get interest , better transfer it to new EPF account
soon , or just withdraw it !
Reply
358 jobin September 28, 2012 at 11:24 pm
Hi Manish,
I applied for a PF transfer . My PF amount got transfered (My contribution + Employer PF contribution). But My pension amount is not
transfered. I had 1 year 10 months of experience when i switched the job. Should i give some other form to transfer my Pension fund? Can you
please give me a reply?
Reply
You have to fill form 13 for that .
Reply
360 NAGARAJU September 30, 2012 at 3:50 pm
HOW CAN I KNOW MY EMPLOYER SHARE IN MY P.F SLIP . IT IS NOT MENTIONED IN THE COLUMN
Reply
361 Manish Chauhan October 2, 2012 at 2:23 pm
Its equal to you , if your contribution is 12% or less of your basic salary
Reply
362 ANAND METRANI October 1, 2012 at 12:06 pm
Hi Manish Sir,
I have worked for icici bank for 2 1/2 years thn i left the job in the year 2010 but still now i have not withdrawn my Pf i actually dont even no
my PF num i just have my employee code with me, can ypu please help me out by advising me..
Reply
You should have the PF number on your salary slips , do you have them ?
Reply
364 Rahul October 1, 2012 at 9:03 pm
Dear Manish Ji,
I have transferred EPF from my last company (Company A) to my new company (Company B). I worked for around 30 months in company A
My monthly deductions for EPF in Company A were as under
13.25 months 2500/- per month (24th Nov08 to 30th Dec09)
12 months 2750/- per month (1st Jan10 to 30th Dec10)
4.5 months 3060/- per month (1st Jan11 to 15th May11)
Its been almost 1.5 years since i am in Company B. i left company A in May 2011
My Pf has been transferred from Company A to Company B. the amount transferred is 174,014/- . How this calculation has been done ?
50/145
11/1/2014
According to my calculations, at an average interest of 8.5% per annum, the amount should have been in access of 200,000. I doubt employer
contribution towards pension has not been transferred here.. but i am not sure about this
Please tell me how this amount of 174,000 has been arrived at ?
Reply
Rahul
Yes, thats a possibility , did you fill form 13 while leaving ! .. I suggest you better file RTI and get your information
Reply
366 NISHA October 2, 2012 at 1:26 am
Is it possible for an employee to opt for EPF without him contributing towards it and only the employer making the contribution? As far as ive
studied, there is no such provision but is there any way? Kindly let me know asap.
Regards
Nisha
Reply
No , there is nothing like that
Reply
368 C Raghu October 2, 2012 at 7:22 am
Dear Manishji,
I am working in pvt Ltd. company.My Basic Salary is Rs.5000/=Every month Rs.600/= deducted from my Salary for Pf contibution.This
amount is constant Last 8 years.I got my e passbook. In that 13 month entries missing (fromAprill 2011 toApril 20012) after May and June
2012 entries there in e passbook.and again July,August,September 2012 entries not there. Is there any time limit to pay the dues ,if not paid by
the employer/consultant
Please Help..
Where I can approch to correct this. Employer, Pf consultant or Pf office.Please suggest.
Reply
I suggest filing a RTI query to know the answer to your queries, only EPF department can give the exact status
Reply
370 sampath October 3, 2012 at 4:14 pm
Dear Manish,
I wanted to confirm that if aperson opts for vrs at the age of 57, and if his EPF a/c Balance show as EE amt:1123569/- and ER amt:
Rs.942019/-. how much amount will a person get from EPF balance available as shown above. which all forms needs to be submitted to EPF
for claim of EPF amt also there is difference in the EE and ER balance? is the difference the corpus fund of EPS scheme? Also when the
pension form to be filled? would be thankful to you if you could clarify the same.
Reply
Those EE and ER are your and your employer contribution, you will get the TOTAL . The forms needed to be filled in will be given to
you by company , dont worry on that
Reply
372 Abhijit Kamat October 5, 2012 at 5:10 pm
Manish .. a big thanks to you for posting the clarification on EPF & EPS.
Great work by you for people like us.
51/145
11/1/2014
Reply
373 Manish Chauhan October 9, 2012 at 11:04 am
Thanks Abhijit !
Reply
374 satish prasad October 6, 2012 at 8:48 am
Dear Manish,
i had only worked with one of the company for 9 months & there used to be deduction of 800 per month from my salary & same amount
employer used to submit , Now its been more than one year & i have not applied for PF, so till what time i will be getting interest as well as
how much % of interest i will get.
waiting for your reply on this please :
Regards,
Satish Prasad
Reply
You will get for 3 yrs from the date of inactivity (when you left the job)
Reply
376 PINTU AGARWAL October 6, 2012 at 11:44 pm
Hi manish,
In point no 4 u have given below mentioned example.
Imagine your contribution + employer contribution has been total Rs 3,50,000 till date. Out of this 3,50,000 , suppose 2,50,000 has gone in EPF
, and rest 1,00,000 has gone in EPS (for pension) . Now if you quit your job in 6th year of employment and opt for withdrawal of your EPF
money (EPF + EPS actually) , then do you think you will get total 3,50,000 . NO !
Thats because you always get 100% of your EPF part, but for EPS there is separate rule . There is something called Table D , under which its
mentioned how much you get at the time of exit from your job, there is a slab for each completed year and you get n times of your last drawn
salary (depending on the completed year of service) subject to maximum to Rs 6,500 per month. So if your salary in this case was Rs 30,000
per month, still you will be given only 6,500 * 6.40 = Rs 41,600.
No way after quitting your job in 6th year u can have 1 lakh rupee in your EPS A/C.Since maximum contribution in EPS A/C could be 541 in a
month.
In six year maximum balance in your EPS A/C Cud be 541*12*6=38952.
No way yr EPS on withdrawal cud be lesser than yr actual EPS balance even if we follow column D.Pls recheck it.
Reply
It was just an example !
Reply
378 Bhola Kumar October 28, 2012 at 12:06 pm
541 is the minimum amount For EPS.
Reply
379 Nishant October 10, 2012 at 4:20 pm
9 years in same company!! Seems difficult
Anyways, hi Manish this is Nishant.
First of all great work in sharing the 10 hidden facts and actively answering all the questions.
I have 1 question, I have worked for 4 companies and I have withdrawn the PF of 3 companies. This is my 5th company and I got a new PF
number. So can I claim the pension amount of any of the 3 PF accounts after attaining age of 58 or its permanently lapsed after withdrawing
EPF?
Reply
52/145
11/1/2014
Obviosuly its lapsed now , the money is not there in those account and are closed
Reply
381 Nishant October 12, 2012 at 4:47 pm
Thanks for the reply.
Reply
382 Piyush Patwari October 11, 2012 at 8:56 am
Hi Manish,
After how much time i can withdraw my EPF?
Reply
At the time of leaving the job only
Reply
384 Deepak Yadav October 12, 2012 at 6:13 pm
Hi Manish
I have submitted Form 13 for my fund transfer, I have received the amount from my old PF number to new PF number. But only EE and ER
amount is transfered.
Why EPS amount is not transferred to my new PF account.
thanks
deepak
Reply
EPS is there in EE and ER
Reply
386 Maria Louis October 13, 2012 at 1:25 pm
Very useful information about EPF & EPS
Reply
387 Maria Louis October 13, 2012 at 3:19 pm
Some of our new teachers were struggling to understasnd the details given in the EPF slip. Your article throws clarity on that. Especially the
diagram has been very useful.
Reply
388 Sonali October 14, 2012 at 12:08 pm
Hi Manish,
Thank you so much for such an informative article. This really cleared a lot of doubts i had initially. Still though I have some more queries,
kindly answer them as well :).
1. My 1st employment was for less than 6 months and then I joined another company. Will I be still eligible for PF withdrawal from the 1st
company?
2. If I withdraw the pf money for a medical emergency, will that be taxable too if my last employment was for less than 5 years? On whose
account/name the money would be given (the hospital or myself)?
3. In case I want to withdraw the entire PF, do I have to fill any extra form other than form 10 to get the EPS or it is included when you
withdraw the pf?
Thanks again for the article.
Reply
53/145
11/1/2014

1. Yes
2. I am not sure if you can do that , but it should be taxable
3. No , there is form 19 for that
Reply
390 Sonali October 30, 2012 at 10:11 pm
Thanks Manish for the answers. Waiting for your article on how to withdraw PF without involving the concerned previous
employer.
Reply
391 Manish Chauhan November 2, 2012 at 11:42 am
Yes, very soon I will write on that
Reply
392 Naveen October 15, 2012 at 3:30 pm
Dear Manish,
Thansk for such a valuable article.
Please advice on my case.
I have joined worked in Company A for 4 Years and 11 Months. Now i have switch to company B (2 months back) . Please advice if i
withdrwal (after 5 Years 1 Months total)my PF then it will be taxable or not.
I am under 30% Tax Slab.
Reply
No it will not be taxable
Reply
394 Uday Kiran October 16, 2012 at 10:10 pm
Hi,
I moved to US and I have PF amount in INDIA and what is the best option for me to make it tax free. I had requested for withdrawal from
company private PF trust, if I park that money in Bank FD, I will have to pay tax on the interest, is there any other
option for me to put in another PPF account.
Thanks & Regards,
Uday Kiran
Reply
You can get it tax free only after 5 yrs of EPF complete . You can put it in PPF only if you have opened it already
Reply
396 Sumit Mishra October 18, 2012 at 8:58 pm
Hi Manish,
I left my job 5 months ago. I am going to join a new company next month. i want to know how can my EPF balance be transferred to new
employers EPF a/c?
Reply
You have to fill up form 19 for that
Reply
54/145
11/1/2014
398 S. Jayaraj Maria Louis October 18, 2012 at 9:54 pm

We have a new teacher. He had been teaching in some other school earlier. How to make sure that the epf from our school is a continuation of
his old account?
Thanking you
S. Jayaraj Maria Louis
Reply
That can not happen . Your school has to open a new EPF account and he will have to migrate old EPF to new one .
Reply
400 Kothapalli October 21, 2012 at 5:55 am
Hi Manish,
Seriously I was suprised & happy to see this artical.
In deed I was in need of point 9 event5 (5. Construction or purchase of house or flat/site or plot for self or spouse or joint ownership)
I have just completed 5 years in my current organization(still working) I have a plan to buy a flat/Independent house. My current CTC is 6.6L.
Could you please let me know the eligible amount can be withdrawn and the procedure to withdraw.
Reply
The procedure part you will have to find yourself or ask on our forum http://www.jagoinvestor.com/forum/ .
Reply
402 Bahubali October 22, 2012 at 4:59 pm
When I checked the EPF balance, it reported :
Your Account has been marked as In-operative Account. For details please contact respective EPF Office
So how to withdraw the EPF Amount in this case of In-operative Account ?
What is the procedure to be followed to withdraw the EPF Amount from the In-Operative Account ?
Reply
If its inoperative, you can always withdraw it just like you you withdraw an active account.
Reply
404 Bahubali October 23, 2012 at 10:23 am
Thanks Manish .!
Reply
405 Arun October 23, 2012 at 3:02 pm
Whats is EE and ER which shows in SMS from EPF site. my service is 7 years (2 companies and transfered my previous balance to new one).
if i leave this job and apply for withdraw do i get all listed in EE/ER amount. I hope EPS amount is not shown in the SMS or stament which
they provide every year.
Reply
EE means employer contribution and ER means Employer contribution , both are yours only
Reply
407 pranav singh October 24, 2012 at 12:51 am
Hi Manish,
55/145
11/1/2014
Thanks for the post. I had a query.

I have left my job at firm B (say) to pursue higher studies. Before B, I working with firm A and my combined years of service at B and A is
more than 5 years.
a) Is it that I need to get PF transferred from A to B to make withdrawal of PF tax exempt? Or is it that I can reclaim the TDS deducted on the
withdrawal while filing my returns?
Also, my request to transfer PF from A to B was somehow rejected earlier.
b) Can I fill up form 13 at company B (last employer) now to get PF transferred from company A, considering that I am not working with
company B anymore. (After quitting B, I am pursuing higher studies.)
Thanks and best regards
Reply
Your company A PF is anyways exempt from tax, because that particular PF has crossed 5 yr of service, so you can apply for its
withdrawal now .
Reply
409 pranav singh October 25, 2012 at 1:08 am
Hi Amit,
Thanks for the response. I read at some place that it should be five years of uninterrupted service and hence if I do not transfer the PF to
Company B, even my company A pf becomes taxable. Is this correct? I am facing a lot of problems in getting PF transferred. Even if company
A PF is not taxable, I would rather withdraw all my PF than wait for transfer, etc.
Thanks and best regards,
Reply
Yes, from what I know its not the uninterruppted service, just the EPF account has to be 5 yrs old .
Manish
Reply
411 sanjiv kumar October 25, 2012 at 8:33 pm
I have a question:
I worked in previous company for 4.5 yrs and left the company in April 2010. Before I withdrew the PF amount in oct2012, I checked the
Balance status on the EPF official website and it was showing as Employee Amount: 46000 and Employer Amount: 13000, so I received the
amount Rs. 59000.
1. Can you please tell me why there is so much of difference in employee amount and employers?
2. How they might have been calculated it?
3. Did they also deduct tax out of it?
Thanks in advance
Sanjiv
Reply
Its different because the employer contribution also goes into EPS
Reply
413 Prince October 26, 2012 at 11:33 am
Hi!
Can someone please help me out. I resigned last year in august so that i can complete my studies but i did not claim my pf on the pf website it
says no info under my pf no. I am afraid is my money safe or is it there with them because i need it now but problem is website says no
info.Please suggest.
Thanks
Prince
Reply
56/145
11/1/2014

Your money is safe, just that it will not be that easy and smooth to take it back
, file an RTI !
Reply
415 Bhola Kumar October 28, 2012 at 11:29 am
Some my my friends EPS contribution is actually 8.33% of Basic+ DA which is arround 3500 per month. So is he at loss as he will not get the
interest on EPS.
My contribution on EPS is 541 only.Please spread some light on pension diffrence betwwen me and my friend after retirement.
Reply
NO one gets interest on EPS, its given differently , see the article
Reply
417 Bhola Kumar October 30, 2012 at 2:48 pm
what will be the difference in pension between me and my friend?
Reply
Yes, yours will be much better than them .
Reply
419 Bhola Kumar November 2, 2012 at 3:00 pm
How will my pension larger than my friend since his contribution to EPS is larger than mine?
Reply
I meant the other way round
Reply
421 Punit Kumar October 28, 2012 at 6:32 pm
Hi Manish, Thanks for lovely article, i want to ask can someone submit the PF withdrawal form at any of its office or only at relevant office?
Reply
You have to fill up and send it to your EPF jurisdiction office, not any !
Reply
423 saetu October 29, 2012 at 11:36 am
Hi
I finished 9 yrs and 6 months. When i widthdraw do i get full amount or without eps?
Reply
You will get full amount .
Reply
425 Umesh October 29, 2012 at 10:07 pm
Very useful information. Thanks.
Regards
57/145
11/1/2014
Umesh Patel
Reply
Thanks Umesh !
Reply
427 dolly October 30, 2012 at 12:30 pm
Hi Manish,
In the article, 10 hidden facts about EPF, it is mentioned, you always get 100% of your EPF part, but for EPS there is separate rule. T here is
something called Table D , under which its mentioned how much you get at the time of exit from your job, there is a slab for each completed
year and you get n times of your last drawn salary (depending on the completed year of service) subject to maximum to Rs 6,500 per month. So
if your salary in this case was Rs 30,000 per month, still you will be given only 6,500 * 6.40 = Rs 41,600.
I spoke to my company HR department and have also check the Employee Pension Scheme, 1995 Act. The below table shows the withdrawal
benefit which an employee will get if he withdraws his EPS amount (within 06 months to 09 years). According to me, the table shows the
withdrawal benefit which an employee will get if he withdraws within 06 months to 09 years. For instance: I am investing Rs. 541 per month
for 5 years. So at the end of 5 years, if I withdraw from my EPS I would get Rs. 32460 (Rs. 541 * 60 months) + Rs. 1629 (Rs. 32460 8 5.02%).
I may be wrong. Just clarifying my doubt. Please guide me.
Also check, http://www.epfindia.com/Circulars/EPS95_update102008.pdf
14. Benefits on leaving service before being eligible for monthly members pension.
(1) If a member has not rendered the eligible service prescribed in paragraph 27[9] on the date of exit, or on attaining 58 years of age whichever
is earlier, he/she shall be entitled to a withdrawal benefit as laid down in Table D..
54[TABLE D
(See Paragraph 14)
Return of contribution on exit from the employment
Year of Service Proportion of wages at exit
1 1.02
2 1.99
3 2.98
4 3.99
5 5.02
6 6.07
7 7.13
8 8.22
9 9.33
Note : The above table is based on a flat addition in benefit.
Reply
428 Kothapalli October 30, 2012 at 1:30 pm
Hi Manish,
Seriously I was suprised & happy to see this artical.
In deed I was in need of point 9 event5 (5. Construction or purchase of house or flat/site or plot for self or spouse or joint ownership)
I have just completed 5 years in my current organization(still working) I have a plan to buy a flat/Independent house. My current CTC is
6.6L. Could you please let me know the eligible amount can be withdrawn and the procedure to withdraw.
Regards, Kotha
Reply
Its already mentioned in the article
Reply
430 Jay October 30, 2012 at 1:49 pm
Hi Manish,
Good article, thanks for writing. I have a question. It is mentioned in the PF act that one can take 36 times his monthly salary as loan towards
constructing a house. Lets say if my salary is 70,000 per month, does it mean that I am entitled to avail loan of 36*70000=25,20,000 !!!
Reply
58/145
11/1/2014
That would be mostly the basic salary ! and higher limit will obviously be your PF amount till date !
Reply
432 Suresh October 30, 2012 at 6:00 pm
Hi Manish,
Thanks for the very informative article. Can we withdraw the PF for a recently purchased flat? Basically, bank provides 80-85% for loan. To
make the amount for the rest, can we withdraw the PF. Can we apply for withdrawal after the purchase is made? Kindly clarify.
Thanks,
Suresh
Reply
Suresh
I think you cant withdraw if you have not completed 5 yrs in service .
Reply
434 Suresh November 2, 2012 at 11:54 am
Hi Manish,
Thanks for your reply. I have completed 5 years in service. But the question is if we can withdraw for a recently purchased flat.
For the purchase statement in withdrawal guidelines does it apply for to be purchased only or does it apply for recently
purchased also? Kindly clarify.
Thanks,
Suresh
Reply
I think it will make payment for your to be purchased flat , now as you have already purchased flat , then the actual need is
not for the house .
Reply
436 dolly October 31, 2012 at 10:28 am
The below table D shows the withdrawal benefit which an employee will get if he withdraws his EPS amount (within 06 months to 09 years).
http://www.on-lyne.info/legal3.htm
For service below 10 years Return of contribution on exit from employment Table D
Example : Suppose a member exits from employment after four years of service his wage on exit is Rs. 4,000, (Return of contribution will be
calculated as Rs. 4,000 x 4.18 of wages on exit) i.e., Rs. 16,720/Also check, http://www.epfindia.com/Circulars/EPS95_update102008.pdf
14. Benefits on leaving service before being eligible for monthly members pension.
(1) If a member has not rendered the eligible service prescribed in paragraph 27[9] on the date of exit, or on attaining 58 years of age whichever
is earlier, he/she shall be entitled to a withdrawal benefit as laid down in Table D..
54[TABLE D
(See Paragraph 14)
Year of Service Proportion of wages at exit
1 1.02
2 1.99
3 2.98
4 3.99
5 5.02
6 6.07
7 7.13
8 8.22
9 9.33
Note : The above table is based on a flat addition in benefit.
Reply
59/145
11/1/2014

Dolly
What is the conclusion at the end ? What are you trying to say ?
Reply
438 dolly November 2, 2012 at 11:38 am
hi Manish, if u withdraw ur EPS before 10 years, you get withdrawal benefit on the accumulated amount. For EPS, if the service
period is less than 10 years, youve an option to either withdraw your corpus or get it transferred by obtaining a scheme
certificate, if there is a break in service. This way the number of years of service that you have put in gets transferred to the new
account that you open in the new organisation.
For service below 10 years, you usually get 100% of your EPF & EPS amount invested. In case of EPF, you get the accumulated
amount plus the interest (which is 8.6% for FY12-13). For EPS, you get your EPS amount invested over the years and the
withdrawal benefit. The below table D shows the withdrawal benefit which an employee will get if he withdraws his EPS
amount (from six months to nine years).
EPS withdrawal benefit
Year of service Proportion of wages at exit
1 1.02
2 1.99
3 2.98
4 3.99
5 5.02
6 6.07
7 7.13
8 8.22
9 9.33
Note: The above table is based on a flat addition in benefit.
For instance: An employee exits from employment after four years of service his wage on exit is Rs. 5,000, (Return of contribution
will be Rs. 5,000 x 3.99 of wages on exit) i.e., Rs.19,950. Once, an employees service period crosses 10 years, the withdrawal
option ceases.
Abhishek Bade, assistant manager-human resource department, India Infoline, explains, To withdraw from EPS, an employee
needs to contribute at least for six months. He has to fill Form No. 10 C (E.P.S) to claim withdrawal benefit. However, if the
employee completes 10 years of the service, the withdrawal option ends. Thus, after 10 years of completion of the service, the
employee cannot withdraw from his EPS.
Reply
Ok now I get it , So what you are saying is that this withdrawal benefit is an extra money which he gets over and above the
actual EPS contribution ?
So if a person has contributed say Rs 50,000 in his EPS and as per the chart the withdrawal benefit is Rs 15,000 . So if he
withdraws his EPS before 10 yrs, he will get 65,000 in total . In my article I mention that he will just get 15,000 which is
incorrect .
Right ?
Reply
440 dolly November 2, 2012 at 1:11 pm
Yes, withdrawal benefit is an extra money which the member gets over and above the actual EPS contribution. in
your calculation you have not mentioned in which year the member is withdrawing so i wont be able to say if the
calculation is correct.
Reply
Ok great .. let me change that in my article
Reply
442 sai November 1, 2012 at 7:39 pm
Manish,
60/145
11/1/2014
thanks for nice article. I had worked in a IT company , Bangalore for 3.8 years. There i have the same number for EPF and EPS. Now im
working for a different company, but im not yet transferred my previous company PF amount.
I want to know what are all the forms do i need to fill to transfer my EPF and EPS to my new company PF account?
Thanks,
Sai, Bangalore
Reply
You should check Form 10,13 and 19 for all this .
Reply
444 Joseph November 2, 2012 at 12:37 pm
great article keep posting ..Superb !!
Reply
Thanks Joseph
Reply
446 Praveen November 3, 2012 at 2:33 pm
Hi Manish,
I was TCS employee and now i want to withdraw my PPF money. I have read somewhere that TCS have its own PPF trust but some articles on
the internet says even if the company has its own trust then also it is handled by EPFO office. Is it so ? Even I am not able to fetch my details
from EPFO website. It says Invalid data entered. Can EPFO do something about this ?
Reply
You mean EPF and not PPF !
Reply
448 Praveen November 7, 2012 at 12:09 am
Yes EPF
Reply
In that case you can still complain with EPFO on this
Reply
450 Sandeep Jain November 3, 2012 at 7:19 pm
Hi,
I had left my job within 6 months. I had applied for Withdrawal of the PF amount. But now EPFO says that since i have not completed 6
months service i am not eligible for withdrawal
Reply
EPFO says that or the company ?
Reply
452 Sandeep Jain November 6, 2012 at 5:32 pm
i got a letter from EPFO Stating this In r/o F. 10c Service Less than 6 months. So not eligible for Withdrawal Benefit.. I am
not able to upload the image of the letter in this forum..
61/145
11/1/2014
Reply
You cant withdraw if your tenure has been less than 6 months !
Reply
454 dolly November 5, 2012 at 10:03 am
Hi Manish, with regard to Point 6: Withdrawing of EPF amount at job change is illegal. Withdrawal from the EPF is allowed based on
certain terms and conditions. Please read http://www.epfindia.com/EPFScheme.pdf
Withdrawal from the Fund for the purchase of a dwelling house/flat or for the construction of a dwelling house including the acquisition of a
suitable site for the purpose
Reply
Yes, I was talking about the full and final withdrawal without a reason .
Reply
456 Kumar November 5, 2012 at 3:23 pm
Hi Manish,
Good article and have a small doubt on EPF.
My current organization is a Public limited company and as a part of PF, both the contributions (Employee and Employer) are deducted from
our salary only.
If we withdraw or close our PF a/c will all the amount+interest be credited or any deductions will be there?
Regards,
Kumar
Reply
NO deductions .. just that if you do it within 5yrs , then tax will be there .
Reply
458 kim November 5, 2012 at 11:06 pm
Hi,
I like your article.. It is very useful.. I have a question. I got absconded from company. I came to out of India. When I will join any company in
future, can I use the same PF account to continue?
If not how can I get my PF amount?
Thank you in advance..
Reply
You cant use the same one . You will either have to withdraw the money from it or transfer it to new EPF account
Reply
460 kim November 9, 2012 at 12:15 am
Thank you Manish, but to withdraw the money do I have to contact my company?
In my case will company respond me?
Reply
Check that, if they do not respond or co-operate, there is a way you can withdraw the money without their help !
Reply
462 kim November 13, 2012 at 3:02 am
62/145
11/1/2014
thank you Manish..

Wish you and your family a happy Diwali..
Reply
Same to you
Reply
464 Shinto Chacko November 6, 2012 at 1:37 am
Hi Manish,
My name is Shinto Chacko, i submitted PF withdrawel forms through my last employer and i received some amount of money. Now the issue
is look like i receive very less amount of money, because i have total of 7 years of experience (2 year with company Patni from 2005-2007 and
5 year with other company 2007-2012). The amount i received is 32000 only. If i just calculating my contribution itself it will go beyond that
1). 500 * 24 = 12000
2). 700 * 60 = 42000 total minimum approx 54000
can you please help me why i received only this much amount at time of withdrawel(32k). While i was checking the PF site for status it says it
is settled.
Qn Can i expect one more diposit to my account for the remining money or this is the only amount i am going to receive. ?
Appreciated your response Thank you.
Shinto
Reply
Did you transfer your old EPF account to new one ?
Reply
466 Shinto Chacko November 6, 2012 at 10:21 pm
Yes, i filled the application to transfer the PF at the time of joining the second company.
But even the first company is not included(first 2 years ), the second company PF amount should be more that this 32k (5 year
above Rs. 700 every month my contribution)
Shinto
Reply
Has the transfer happened ?
Reply
468 Imran November 7, 2012 at 4:38 pm
Thanks for the article Manish. It is actually very useful.
I have a query about the 4th Point: You might not get 100% of your EPF money. In the example that you have given you have mentioned that
if the total PF accumulated in Rs 3,50,000 till date and out of this Rs 2,50,000 is EPF and the remaining Rs 1,00,000 is EPS. I do understand
that some percentage will be deducted from the EPS amount but what about the interest earned on the Rs 2,50,000? Wouldnt this interest
amount be added and given to the claimant? And shouldnt this added interest bring the total amount back to Rs 3,50,000 or may be more?
Can you pls reply on this
Reply
I have considered 250000 with interest, you will get all the interest on the EPF
Reply
470 HARENDRA SINGH RATHORE November 9, 2012 at 8:58 am
hello sir,
I applied for PF some 1 year ago.
Sir i have worked for 6 months so in this case am i eligible to get PF and if yes than how much. I have registered many complaints in PF office
and they have not replied me properly.My claim status shows that Form 19 b is passed and payment would be made soon and form 10 c is
63/145
11/1/2014
rejected on the account of services less than 6 months. What should i do in this condition please suugest
Claim ID : PUPUN120100038467
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (PUPUN01206950000006970) has been rejected. Rejection
letter is under dispatch/ dispatched to address in your claim
Claim ID : PUPUN120100038461
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (PUPUN01206950000006970) has been approved. Payment is
under process.
Reply
File an RTI now http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
472 Ashish November 9, 2012 at 2:10 pm
I am currently un-employed and its been more than 6 months since my last employment. Can I withdraw my money without needing the
involvement of my past employer or the withdrawal form can be submitted only by the employer and not a employee?
Reply
Ashish you can withdraw the EPF without your past employer help , i am doing an article in 1 month on this .
Reply
474 Ashish November 14, 2012 at 11:26 pm
Thanks a lot Manish for your instant reply.
Can you provide some more detailed information on how exactly can that be done..?
Reply
That article is coming in few days !
Reply
476 Seenivasan.K November 10, 2012 at 8:32 am
Dear Sir,
I have small doubt regarding EPS part in your article.
You have mentioned in second point that (The 12% contribution from your side goes to EPF, but the 12% contribution which your employer
makes, out of that 8.33% actually goes in EPS (subject to maximum of Rs 541) and the rest goes into EPF)
but third point saying that ( The EPS part (8.33% out of 12% contribution from your employer or Rs 541 what ever is minimum) does not get
any interest.)
541 is maximum or minimum amount towards EPS.
Reply
Its maximum . But even the both the cases you mentioned are same , leading to maximum. think about it, take some numbers as
examples
Reply
478 NARESH CHANDRA November 10, 2012 at 2:06 pm
NICE AND VERY USEFUL INFORMATION.
Reply
Thanks Naresh
64/145
11/1/2014
Reply
480 Babu November 12, 2012 at 2:48 pm
For loans, Purchase of Plot and again construction of house both are possible seperately?
Reply
I think it will be tough !
Reply
482 Pooja November 16, 2012 at 5:11 pm
So if you withdraw within a year after quitting then you get very little of the EPS. What happens to the remaining EPS? do u get it after 58?
Reply
You get all the EPS !
Reply
484 Partha Dev November 20, 2012 at 12:37 pm
My wife passed away ten years before leaving her daughter. She was a PSU employee. As per rule we got family pension. Three years back I
re-marriaged. From the I did not submitted yearly life Certificate for me but for my daughter. Daughters family pension continued.
Question
1. Though I have informed them about re-marriage what I have do any more formalities ?
2. May I get some claim from them ? Is there any due ?
3. What I have to do with my Pension Account ?
Reply
This is something needs to be discussed at our forum http://www.jagoinvestor.com/forum/
Reply
486 himanshu Gupta November 20, 2012 at 6:49 pm
Hi Manish,
I have send request for transfer of my EPF and EPS balance from previous employer to current. EPF amount was transferred in my account
with Interest but EPS amount is not showing in my E passbook.
What is remedies for that and what is next step for me.
Thanks in advance
Regards,
Himanshu Gupta
Reply
file a RTI to find out exactly what happened !
Reply
488 prabu November 21, 2012 at 7:43 pm
Hi Manish,
I really appreciate your Excellent Effort for posting this article and addressing our queries.. keep up the good work.
Pls assist me with the below queries.
1) I Want a PF Contribution Statement(Monthly) from the year 2007 to 2011? from 2 different employers? how can i get it and whom to
contact?
65/145
11/1/2014
2) Recently i have transferred PF money from the previous employer to the present employer, PF online balance says the money has been
transferred to the present employer on 15-mar-2012 but my EPFO account statement has no entry, even the balance is not reflecting the transfer
amount. what should be the next step?
Thanks in advance.
Prabu
Reply
I think the answer now is file a RTI to find out more
Reply
490 venkatesh November 22, 2012 at 3:05 pm
Hi Manish,
I have completed 5 years in my current organisation and now iam eligible for partial withdrawal of my PF under the option Withdrawal to
finance members life insurance policies. Can i show the new insurance policy that i will be receiving using the withdrawal money as a tax
exemption for my income.
Thanks in advance,
Venkatesh
Reply
I am not clear about it . Can you explain more , buying a life insurance policy is any way exempted , right !
Reply
492 vinod November 27, 2012 at 2:29 pm
What if an employee has gone on site and has not contributed to Pf for more than 3 years.- Eg Sabtical
what if an employee is on a medical leave
Reply
Vinod
that does not change much
Reply
My query was what is the impact of interest for provident fund, will the employee get Interest on provident Fund if he is on medical
leave or employee has on Sabbatical leave
Reply
Yes, the interest will keep on accruing for 3 yrs , after which it will become inactive
Reply
but we feel that interest has to be provided as the employee has not made any application under para 69 or 70 of the act. As
the reading goes for incertion of the clause in para 60
Reply
Not aware of these acts !
66/145
11/1/2014
Reply
498 Abhijeet November 28, 2012 at 3:10 pm
Hi Manish,
My account No. is MH/35004/147. My Job period is 7 years 3 months. when I leave the job my basic salary is Rs. 7700 and PF amount is Rs.
780, so what is my total PF amount?
Reply
You can get this info only from EPFO , I would recommend filing an RTI for this !
Reply
500 Josina November 29, 2012 at 6:02 pm
Hi Manish,
I was employed with my previous company for 9 years and 2 months and still the PF office has declined my Form 10 C. no letters issued to me
yet.. but they say I need to provide a new form with the Nominees Date of birth proof and that I will have to compulsorily take a Scheme
Certificate.. I do not want the Pension scheme.
Date of Joining : 2 May 2002
Date of Leaving : 24 July 2011
Reason for Leaving : Maternity complications.
I got employed with new Company in 2012.
Please help.
Regards,
Josina
I have already Withdrawn my EPF.
Reply
I think you need to now go ahead with the RTI , only with RTI you will be able to get right answers for your query !
Reply
502 Josina December 5, 2012 at 11:53 am
Thanks.. but How do I file a RTI ? Where must I approach..
regards,
Josina.
Reply
Refer this http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
504 Prabhu November 30, 2012 at 11:47 am
Hi, Manish,
Is EDLI scheme is a death benifit? Does it covers disability? Is this schem is applicable to pensioners? Please reply
Prabhu
Reply
Its mostly a death benefit , but it will be applicable only if your employer has choosen it , most of the companies which offer health
insurance, do not have it .
Reply
506 R K December 3, 2012 at 8:43 pm
Taking the option to opt out of EPF scheme through form 11 the onus in case of any mishap lies with Employer or the employee who signes
declaration
67/145
11/1/2014
Reply
It lies with Employee !
Reply
508 anjan December 4, 2012 at 12:58 pm
hi manish,, i worked in organisation for 4 months and in full and final settelment my contribution in EPF is 6 month,, after leaving this job i
join a private sector where no provision available for EPF,, so my question is can i able withdraw my six month contribution .
Reply
yes you can do tht
Reply
510 Amjad pasha December 5, 2012 at 4:23 pm
Dear Manish,
I was working in a pvt ltd co from Sep 2009 to Dec 2010 . I do not have any payslips wherein my EPF account no. was mentioned. There was
PF deduction and remittance as well. How do I get the PF money transferred to my current employer. Please advice.
Reply
You will have to file a RTI to EPFO mentioning your past employer name , they should be able to help you in getting the EPF number !
Reply
512 divya December 7, 2012 at 10:57 am
awesome work manishfor a dumb like meit was a cakewalkto understand the nuances. Just wanted to know, how long does it take for
the pf to be deposited in the bank. I had received a message from the epfo saying that the forms are under process last week.
Reply
Divya
Actually it should take just few months, but most of the times it takes a lot of months or sometimes even a year ! . Use RTI to find out the
status http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
514 Vishwanath December 7, 2012 at 11:09 am
Manish,
Very informative & helpful. Thanks for your efforts in sharing this article.
Reply
Thanks Vishwanath !
Reply
516 rajesh December 11, 2012 at 1:58 am
manish ,Thanks a lot for the valuable information .
Reply
Welcome
. Can you share your biggest learning ?
68/145
11/1/2014
Reply
518 PANKAJ December 11, 2012 at 5:21 pm
Its really very informative..
Just want to know about.. how monthly pension amount is calculated is there any minimum monthly pension amount (jsut as there is cap on
max pension of Rs.3250/- per month)..
Reply
That is discussion by someone on comments section
Reply
520 Mohan kumar k December 11, 2012 at 9:30 pm
Hi Manish,
My account No. is PY/BOM/0023073/000/2036 I cant download e passbook i Register MEMBER PORTAL same process but when i login i
enter all details like Establishment code. Extension. Account number &characters but when i click get pin then show You have entered invalid
Member ID please help me
Reply
You should not use RTI to get the status of your EPF
Reply
522 Anupam December 13, 2012 at 9:53 am
Manish,
if i withdraw now (quit my job 2 months back and not working currently. so legally correct), what will happen to the FY12-13 interest ?
i am assuming it will still be paid-out separately whenever the FY12-13 interest rates get finalized and the same gets credited to all other active
account holders.
correct ?
Reply
The interst is calculated on per month basis and its added at the end of the year in normal case , when you withdraw, the interest will also
be paid back . Dont worry on that !
Reply
524 Nilesh M December 13, 2012 at 11:24 am
Hi All, thanks a lot Manish for your information but now things have been changed. my query is that now the news states PF rules are changed
so can you describe whats the new rules states as it will be helpful to know more and even the deduction is compulsory to 12.5%.
Reply
Is it 12.5% now , can you send me the link which you read ?
Reply
526 Prasant December 13, 2012 at 11:47 am
Hi Manish,
I have a confusion on 4: You might not get 100% of your EPF money. As the rule a maximum of 541 rupees will be deposited towards the
EPS. So Yearly maximum will be 6492. Also maximum withdrawal is same. So I think we can withdraw the actual amount of EPS without any
interest upto ten years.
There will not any situation where your EPS accumulated is more than the withdrawal upto 10 years as the withdrawal is n times of the years
competed.
After 10 years, can we withdraw the EPS? Or it will be a compulsory Pension? Is there any withdrawal rule after 10 years? I mean if any one
try to withdraw EPS after 12 years of job and the age is below 58, will he be getting 12 times of 10 times of yearly maximum 6500?
69/145
11/1/2014
Thanks
Reply
Let me research a bit more on this and get back !
Reply
528 Saurabh Sharma December 13, 2012 at 2:25 pm
Hi manish,
The latest amendements in PF case has given a big shock to all the salaried employees whose takehome salary will be curtailed drastically.
What do you think on this and how one can neutralize it impact.
Regards
Reply
WIll write on this soon . I think its just a proposal and has not become a law !
Reply
530 Ananda December 13, 2012 at 4:14 pm
Hi Manish,
Nice article. Can you please let me know on below,
I am going out of India for 3 yrs then what will happen to my EPF money?
Can I withdraw?
Can my EPF account will go to dormant state?
If suppose I came back after 3 yrs then can I use same account?
Regards,
Ananda patil
Reply
Yes, if your company is same , then after you come back your company will deposit the money in same EPF , but if you will change the
company , then it will be different . Better withdraw !
Reply
532 anilkumar December 14, 2012 at 2:33 pm
Hi Manish
Im 23years old working in a organisation from past two years
Till what time i wil get pensionIn case death who will get and wht the amount..
My basic pay is 6300 right now
Reply
You should get it lifetime
Reply
534 Aditya December 16, 2012 at 11:47 am
I know that we can take a loan on our pf contribution after 7 years.What is the interest rate when withdrawing(not fully i mean..i want to
continue contribution) it and is there any other way of avoiding it??
Reply
I think you will get it as Partial withdrawal not LOAN
Reply
70/145
11/1/2014
536 Meenxi December 17, 2012 at 3:26 pm

hi Manish,
Thanks for very informative Article.
I have one query, what if i have missed my EPF no. How can i get the EPF no?
Reply
You will have to file an RTI to get your EPF number, tell your employer name , address etc and your name to EPFO and ask for your
EPF number
Reply
538 natrajan December 18, 2012 at 12:49 pm
Hello Manish,
I resigned from my last job at the age of 54 after working in the company and contributing to its private pf fund for 4 years. I had withdrawn
my pf from my earlier employers. Since then I am an independent consultant with no pf contribution. I am now 60 years of age, past the retiring
age of 58 in my last company. Can I withdraw my pf from there without any tax deduction at source and without any tax liability on me.
Thanks in anticipation of your kind reply and with best wishes,
Natrajan
Reply
As per the rule , you need to be of continous 5 yrs in service if you want a EPF money without tax. so i guess in your case there will be
no tax on it
Reply
540 Aakanksha December 19, 2012 at 10:15 am
Thanks for this informative article. Could you also clarify how do you define wages when i see a mention of this term across the article
(withdrawal section etc.)
Thanks in anticipation of your kind reply and with best wishes,
Aakanksha
Reply
Its Basic Salary component
Reply
542 Aditya December 19, 2012 at 10:42 pm
What is benefit of doing withdrawl after maturity(after 15yrs) over withdrawl whenever required??Is the tax waived after 15yrs??
Reply
The withdrawal is tax free after 15 yrs, does not matter when you do it .
Reply
544 Aditya December 21, 2012 at 12:11 pm
Then any year before the maturity tax is deducted..
Reply
545 Pratap Chandra December 20, 2012 at 11:38 am
Very Nice article on EPF Manish, Thank you.
My Doubt from point 4 and table D is ,Do an employee 10 years continuously have to work for one company or is it applicable even though
employee switch companies and keep on transferring the EPF amount to current company.
Please reply.
71/145
11/1/2014
Reply
He can switch companies, the EPF has to be 10 yrs old !
Reply
547 Sumith January 23, 2013 at 1:23 pm
Hi Manish,
I switched 3 companies and so 3 PF Account created.
Amount from previous PF Accounts were successfully transferred to existing PF Account (3rd org).
With my current organization (3rd company) I have been for more than an year.
So in this case EPF is 6 yrs old or 1 year old?
If it 1 year old and I switch to new organization today, can I opt for withdrawing ONLY EPS amount (Form 10 c) rather than
withdrawing amount from EPS + EPF?
Regards,
Sumith
Reply
548 Manish Chauhan January 24, 2013 at 5:16 pm
It will be 6 yrs old ..
No you cant withdraw the EPS part like this
Reply
549 Rakesh December 20, 2012 at 5:43 pm
I appreciate your initiative of providing us with such a detailed information!!!!
Keep up the good work
Reply
Thanks Rakesh !
Reply
551 Naren December 21, 2012 at 9:21 pm
Mr. Manish
I have completed 09 years and 09 months in the job and my gross monthly salary is Rs. 9600/- and as the pension scheme is not anyway
attractive so I want to withdraw my EPS amount alonghwith some EPF so that I may skip from pension scheme and the contribution of Rs
541/-pm as EPS after 10 years of service may be diverted from EPS to EPF account. I have to continue my service but dont want any
contribution towards EPS as the pension is very low. After 20-30 years of my service the total contribution towards EPS will be a large amount
and pension is very low.
Reply
Naren
You will have the option to withdraw the full amount later, the pension is optional later
Reply
553 Abhijit Powar December 25, 2012 at 4:26 pm
Very good article. Thanks alot for information.
Reply
Thanks Abhijit !
72/145
11/1/2014
Reply
555 Babu December 26, 2012 at 6:41 pm
Nice article. Thanks for the information. I am a Ph.D. student (commonly called a Research Scholar) receiving a monthly stipend of Rs 18000/under the MHRD norms. As per my discussions in the department office, my research scholar status does not qualify as a job. Legally can I
withdraw my EPF from a company I left in 6 years ago?
Reply
556 Babu December 28, 2012 at 2:30 pm
I must add that I was unemployed for more than a year between 1st October 2009 and 27 December 2010 before I became a full-time
Ph.D student.
Reply
yes , you can withdraw it now , but you will have to give affidavit to prove that you are unemployed !
Reply
558 Babu April 12, 2013 at 5:15 pm
Hi Manish,
Thanks for your feedback to my earlier question posted here..
I have to provide my ex-employer a declaration of unemployment for withdrawing my PF. I am trying to write this
declaration for the first time and need some help.
Is this sort of a declaration OK..?
I, MY-NAME, son of MY-FATHERS-NAME of MY-PERMANENT-ADDRESS hereby declare that I am presently a
Ph.D. Student (Research Scholar) at MY-DEPARTMENT-AND-INSTITUTE-WITHA-DDRESS. I am presently not
employed with any organization.
Please let me know if something more needs to be added, and if this looks OK..
Reply
559 Manish Chauhan April 19, 2013 at 12:28 pm
Yes, this should be good ..
Reply
560 Babu April 19, 2013 at 3:45 pm
Thanks !
Reply
561 Rajesh Patel December 27, 2012 at 8:57 pm
Dear Manish,
I need to withdrawn my PF amount ,so what total amount i get.
My details as below
Joining date:09-dec-2009
Releasing date:15-sep-2012
My PF contribution is: 38655
consider withdrawn apply date : 06-dec-2012
Waiting for your reply.
Reply
You should expect somewhere around 85-90k in total becasue your employer contribution will also be like yours and then some interest
you will get . This is rough estimate !
Reply
563 Sharath Krishna January 2, 2013 at 4:32 pm
73/145
11/1/2014
How the compound interest calculated for PF? i.e Monthly or Yearly
Reply
564 Rohit Majethia January 2, 2013 at 4:50 pm
Hi,
I worked in the company X from 2006 to 2008 and got the PF transfer in Company Z in 2013. As per rule there is no interest after the 3 year
(2011) and incase if you transfer the PF fund , interest will get credited even after the 3 year. (in above case 2011-13). Is it true? If yes, you will
credit the interet , PF office of X company or PF office of Z company?
Reply
565 Manish Chauhan January 3, 2013 at 11:23 am
Here is how it works . When a EPF is 3 yr old without contribution , then it stops getting any interest , like in your case when you left in
2008 , in 2011 , the EPF completed 3 yrs and then whatever amount was there was not growing beyond that point . Now when you
transfer that EPF , only the balance which was there in EPF account will be transfered
Manish
Reply
566 Rohit C January 20, 2013 at 3:52 pm
Further to above discussion, I have one question related to interest on PF transfer account.
Can we get interest on our current account amount + old transfer account amount(this account has completed its 3 yrs but
transferred after 1-2 years later into current account)?
Reply
You cant claim the interest for years which are gone now !
Reply
568 Ravi Shankar January 3, 2013 at 4:28 pm
I will be completing 10 years of contribution to EPF only at the age of 59.5 years. Can I apply for the pension after 60 years of age instead of
58 years of age?
Reply
569 Ashish Doifode January 5, 2013 at 8:57 pm
Hi ManishThank you very much for this Aaawwweeesome Article..
I have one queryi am searching for my PF & Pension statement for last 7 yrs (since Jan 2006 till today).In 2008 PF office handed over the
responsibility to my companys PF Trust.but they (PF Office) have xfered the fund after 3 yrs to my company.Do you know if there is a
similar article on PF Trust as well? I was searching for that because i think the road is still long to get the PF/Pension stmt of last 7 yrs
Reply
The best you can do now is file RTI to EPFO and ask them all the statements . you will have to pay for each sheet .
Reply
571 balveer January 7, 2013 at 4:30 pm
Hi,
I want to withdraw my PF from previous company, i quit that company exactly 3 years. do i need to make an affidevit or indemnity bond ?
please reply asap. thank you
Reply
Its about the present. Are you unemployed right now or not ? You need to make the affidavit for that
Reply
74/145
11/1/2014
573 Purnima January 8, 2013 at 5:34 pm

Hi Manish,
I joined a new organisation 1 month back and PF has been deducted for one month and submitted to PF department also. It is possible to oppt
out of PF now?
Regards,
Purnima
Reply
No
Reply
575 Purnima January 11, 2013 at 11:23 am
Thanks a lot Manish.
Reply
Hi Manish,
My basic salary was below Rs. 6500/- that is why it was mandatory to deduct PF amount but from this month basic is more
than 6500/- so can i opt out of PF in this case.
Regards,
Purnima
Reply
Hi Manish,
I joined a new organisation 1 month back and PF has been deducted for one month and submitted to PF department also. Is it possible to oppt
out of PF now?
Regards,
Purnima
Reply
578 kathiresh January 11, 2013 at 2:22 pm
Hi,
My brother passed away recently, he had a pf service of around 2.5 years. We received an amount of Rs.1.5 lakhs(approximate). But now my
mother is getting pension amount of Rs.2501/-. my query is if employee dies, his nominee will get pf amount and pension? Is that pension will
be provided life long? how they are calculating the pension amount?
Regards,
Kathir
Reply
579 Pritesh Vora January 12, 2013 at 10:40 pm
Hello Manish,
First of all Many Thanks for sharing the wonderful articles. I must admit I have enhanced my financial knowledge by reading Jagoinvestor
posts & comments.
I have applied for the transfer of my PF amt from previous employer to the current employer by submitting Form 13 quite a long time back.
Also I registered a complaint through EPFiGMS as it was getting delayed. I have received a mail from them stating Tr. of PF from XX to XX
settled for Rs. 42102/- vide chq.no. xx dt 11/12/2012.
I think the amount that is transferred is to the new PF a/c is very less than the expected or maybe I am calculating in a wrong way. Kindly help
me in it.
Total Tenure with previous employer: 46 months
Date of leaving: 12/03/2011
Employee PF contribution: Rs. 528/- each month (from 1st month till end)
75/145
11/1/2014
As per my estimate My PF accumulation should be more than Rs.48000/- without considering any interest on it. Assuming Employer
contribution is same as Rs.528 (including the Pension part). Then I suppose I should have received more than Rs. 42102/- into my new PF a/c.
Could you please guide me what needs to be done from my end?
Please let me know in case you need any further information.
Thanking you in anticipation.
Regards,
Pritesh Vora
Reply
The only thing I will suggest for now is file a RTI application . Only then you will get the exact status !
Reply
581 Raj January 15, 2013 at 9:38 pm
Hi Manish,
First of all, whishing you an astonishing and happy new year 2013
I have a query.
I have spent 4 years in Company: A. Also Spent 11 years 11 months in another Company B and now leaving the Compnay B.
Shall I be able to withdraw EPS from Company B or will get a Scheme certificate for pension?
Thanks.
Reply
You should be getting the EPS part also !
Reply
You can withdraw EPS also
Reply
584 Saket krishna January 15, 2013 at 11:11 pm
I wold like to know the precise Lock in period for recognised PF to be nontaxable in hand . whether its 5 yrs or 4 yrs and 240 days??
As per gratuity act 1972 ,5 yrs continous service stands for a precise 4 yrs and 240 days of service. whether same definition of continuos
service is applicable for EPF also .
Reply
Saket
this is something you should confirm at our forum http://www.jagoinvestor.com/forum/
Reply
586 Saket krishna January 18, 2013 at 8:26 pm
SURE ..
Reply
Hi Manish,
I joined a new organisation 1 month back and PF has been deducted for one month and submitted to PF department also. In 1st month basic
salary was less than Rs 6500/- so it was mandatory to deduct PF but now my basic salary is more than Rs. 6500/-, in this case is it possible to
oppt out of PF now?
Regards,
Purnima
76/145
11/1/2014
Reply
NO ..
Reply
589 Sunil January 17, 2013 at 10:37 am
Hello,
I had withdrawn the EPF after 5 years and i submitted the form etc etc and the past employer told me that after 5 months we will get an
acknowledgement and after that the amount will credited to your account.
I want to know the rules,is it true that it will take 5 mths for the acknowledgement no from the EPF?
Reply
I am not sure about the exact timing , but it can take some good time !
Reply
591 Rajanikant January 17, 2013 at 12:28 pm
Hi Manish,
I have filled the form 10 and 19 for refund the Money and sent to my previous company and they also submit the form in PF office but form is
rejected due to authorized signatory of previous company. and form is return to my previous company by pf office but unfortunately the form is
lying in previous company and no one is there to follow. so what should i do for refund/transfer please guide.
Regards,
Rajanikant
Reply
Now you should file an RTI application and check with them if you can file is again without involving the previous company
Reply
593 Gurinder Singh January 17, 2013 at 2:15 pm
Thanks Mr. Manish,,, for this elaborative article and 10 rules,,,, I would call them Golden Information. I wanted to know this information
since long but the babus at EPF office in Chandigarh never provided the infomartion with such details even their so called website dont list
the above information,,,, well said it is too complicated . Thanks again
Reply
Thanks for your appreciation !
Reply
595 Suresh January 18, 2013 at 5:41 pm
Manish,
Thank you for the article.
I am withdrawing my PF dues after a gap of 3 years and have been asked to submit the Indemnity bond cum affidavit.
Since I am outside India, can the affidavit be notarized by the Indian embassy/High commission and submitted to PF office.
Thanks.
Reply
I am not sure on this .. but here is something I wrote on same lines http://www.jagoinvestor.com/2012/11/withdraw-your-epf-withoutemployer-signature.html
Reply
77/145
11/1/2014
597 Jawahar V R January 22, 2013 at 4:22 pm

Dear Manishji,
I am employed in a private organisation. They are not deducting any PF from my salary stating that I am appointed in that company for a higher
salary than Rs.6500/= My Present salary is 15,000/= Is it right?
Reply
How many people are there in company , if its below 20 , then its not compulsory for them to deduct PF
Reply
599 Namrata Ketkar January 22, 2013 at 4:40 pm
Dear Manish,
I joined my current company almost 2 years back and didnt opt for PF as my basic was more than 6500. but now since i have to apply for home
loan i need to show PF deduction in my salary. So is it possible to open PF account now?.
Reply
Yes , you can opt for PF now .. talk to your company
Reply
Thanks Manish
Reply
Dear Manish,
I spoke with my company reg opening of PF acc and the HR manager is saying since its almost 2 years passed and now PF
account cannot be opened as PF dept will set up enquiry and Company have to pay penalty charges.
Is this true??? where i can get correct information??
Reply
The best you can do now is
1. File a RTI to EPFO and find info on this
2. Check on our forum if any body knows about this http://www.jagoinvestor.com/forum/
Reply
604 Sundaram January 24, 2013 at 1:41 pm
Dear Manish
I have service of 15 continuous years (at present in 4th Orgnaization) and all my previous EPF got transfered by submitting form 13. But I
never submitted From 10 for EPS transfer, is that necessary to submitt EPS transfer form along with EPF transfer form.
How do i know that all my EPS amount got transfered to my present account.
Pls carify.
Regards
S.Sundaram
Reply
78/145
11/1/2014
Did you fill them on your own or did the employer did it for you ? Because mostly employer also sends it for EPS .. Else you should fill
up for EPS also, check with RTI application the exact status of this.
Reply
606 Sundaram January 29, 2013 at 1:53 pm
Dear Manish
I only filled my EPF form (no.13) and submitted for transfer. But i never submitted form for EPS transfer (I guess it is From 10).
What is the wayforward now to transfer my old EPS into my present EPS account.
Is EPS eligible for interest as like EPF, pls clarify.
Regards
S.Sundaram
Reply
Sundaram
I am not sure if you didnt get EPS, generally EMployer gives you the form 10 also , are you very sure that you didnt fill it up
?
Reply
608 sundaram January 30, 2013 at 4:20 pm
Dear Manish
I am sure i didnt file from 10 for EPS transfer. I filled only form 13.
Is it possible to fill form 10 for the old cases now. Or any other way forward pls.
Regards
S.Sundaram
Reply
Yes. do it now !
Reply
610 Aditya pandey January 25, 2013 at 6:01 pm
I would lime to reconstruct my parental house, which is in my fathers name, can I withdraw amount from my PF. If yes how much. I am
already in same company from last 10yrs.
Reply
I dont think you can do unless the house is in your name .. or atleast the land !
Reply
612 Prashant January 26, 2013 at 11:02 pm
Thanks Manish for such an excellent and informative article. Indeed one of the most required information for one who is not too deep into EPF
and that too so simplified. This is really wonderful. However I have a few questions: For any kind of partial withdrawal it would mean the amount extended as loan/advance (if they call it the same) will be given from EPF only
or EPF + EPS.
Will that also require to return the loan or advance taken with any interest accrue on it or it would simply mean that the amount taken will be
deducted from the overall corpus of EPF and later on at the time of withdrawal that will be adjusted.
When it is written salary for the partial withdrawal of the amount does it mean gross salary or net take home salary or it is just the Basic
+DA.
For marriage, education self or of children and sibling when it is said 50% of your contribution then does that mean the contribution of
employee only or the whole of EPF amount including employer contribution.
I have an understanding that if someone withdraws the EPF amount before 5 years it is subjected to tax. Please confirm.
Out of curiosity I just want to know if these clauses as shared above are somewhere mentioned in the Act or Circulars including extending a
maximum of Rs. 3,250 as Pension.
79/145
11/1/2014
Reply
Prashant
1. It will be like a PARTIAL WITHDRAWAL
2. Its a WITHDRAWAL
3. BASIC + DA
4. Including Everything ,, its 50% of your salary only
5. Yes
6. Yes, its in ACT , you can find out the PDF on net
Reply
614 Prashant April 17, 2013 at 5:58 pm
Hi Manish,
Thank you very much for your responses. However i am still not clear on Point 1 & 2 & 5.
Point 1. I understand it will be a partial withdrawal but that partial withdrawal comes from both EPF+ EPS or just EPF.
Point 2.- I still have a confusion on whether at the time of repaying will there be some interest on the loan taken from EPF amount
OR that will be interest free.
Point 5.- You mentioned in my post that withdrawing EPF amount after 5 years will attract tax but in response to the post done by
ARUL / SAURABH above in the post there was a mention that after withdrawing EPF after 5 years it will Tax exempted. Please
clarify.
Apart from the above please let me know on the following:1. As per Table D what will be the definition of a COMPLETED YEAR. Anything above 6 months will be considered as a Year
or less than 6 months would also be a year, like 6 years 3 months will be 7 years or it will be 6 years only for calculation of
pension.
2. If someone has a break in a job, lets say after 6 years of employment he/she becomes a entrepreneur and runs the business for 2
years but never withdrew the EPF + EPS amount. After that again joins a company and works for another 5 years. In this situation
will he/she be entitled to pension after 58 as he/she was not employed for 2 years in between and didnt had any contributions to
EPF+EPS although her overall tenure for service accounts to more than 10 years without any withdrawal of any EPF+EPS amount.
3. For partial withdrawal for replaying a housing loan upto 36 times of WAGES. Out here wages means Basic + D.A. or the
gross / net salary p.m. ( I am assuming it to be per month ) because there are people at senior levels whose Basic + D.A. could be
around Rs. 1 lakh so does that mean that they could withdraw upto 36 lakhs at that time.
4. What eventually happens to dormant accounts and does dormant means that no contribution or interest earned for 3 years and
more?
5. If an employee continuously worked for 11 years in a single company and had regular contributions in the EPF account but after
that either something unfortunate happened to him/her OR in case he became handicapped and incapable of work for the rest of the
life then in both the cases either his/her family OR he/she will be eligible for pension after attaining the age of 58.
6. I have read on one of the forums that in an X company there were 5 employees who at the time of joining had a basic less than
6500 so they had a PF account and have contributions but with due course of time their basic went above 6500 so the company
stopped deducting PF from their salaries and depositing the same. Is it correct and legal?
I know I have asked quite many questions but will sincerely appreciate if you can throw some light or suggest some links to get
more clarity on the above.
Thanks
Prashant
Reply
615 Manish Chauhan April 19, 2013 at 10:46 am
Hi Prashant
I suggest open up a thread now on our forum to discuss this point , please ask open ended questions which any one can
answer , you will surely get pointers ..
80/145
11/1/2014
Manish
Reply
616 Konark January 27, 2013 at 8:36 pm
Hi Manish, congratulations on a great piece of work here. Also best wishes for your company, I hope you guys succeed. I am also an
entrepreneur trying to put together a venture for about a year now. I left my day job in Nov 2011 and since then I have been working on my
own venture. I have had two jobs, both about 2.5 years each, before I quit and started up. Can I withdraw my PF amount? Anything I can get to
invest in my business from anywhere is welcome
Reply
Great to hear your story
.. yes you can withdraw your EPF now
Reply
618 suman gupta January 27, 2013 at 11:16 pm
Manish, Why Maximum Limit is different in 2 Lines as mentioned :
1.) The maximum Pension per month is subject to maximum of Rs 3,250 per month.
2.) There is something called Table D , under which its mentioned how much you get at the time of exit from your job, there is a slab for each
completed year and you get n times of your last drawn salary (depending on the completed year of service) subject to maximum to Rs 6,500 per
month.
Are one is for EPF & another one is for EPS ?
Reply
NO that limit of 3250 is for pension income out of your EPS
And that table D comes into picture when you WITHDRAW your EPS and want money back !
Reply
620 Neeraj January 29, 2013 at 4:46 pm
Hi,
Thanks for this useful post !!!
My wife has left a company and now want to withdraw the EPF.
Company finance person is saying that they can provide us the form which we need to submit to PF office by ourself.
Is that right as per rule ?? As far as I know its duty of previous employer to get this done for employees ??
Please guide..
Reply
Yes .. its duty of employer , but only when you complete the process while you are leaving , once left, you are no longer an ASSET to
them .. so they are not in the mood to help you now ..
Reply
Hi Manish,
Thanks for the reply !!
We have filled all the required form while leaving the company. Is there anything which can help us to get our PF withdrawal .
Or visiting PF office by ourself is the only option to get this done ?
Neeraj
Reply
81/145
11/1/2014

If you filled up all the relevent forms at the time of leaving the company, then your company must have sent it to EPFO after
2 months ,now if your company didnt send some particular form or made some mistake then its your company fault and they
should help you . But now the faster route is to do it yourself by refilling the form. ask using RTI the procedure for it !
Reply
They havent sent. They are even saying that employee himself have to do these things.
Is there any act as per which compnay should do this for employee ??
Reply
625 Mohan January 29, 2013 at 11:32 pm
Hi Manish,
I read all your previous responses but couldnt find answer to my specific case,so atlast i am putting up here. I have 4years 11months 25days
service in one Company A and then i resigned and served 1year in company B and now resigned. Now i want to withdraw my PF from both the
companies. Does either one taxable? I havent transferred them to single account yet, both are in different accounts.
Thanks
Mohan.
Reply
You should transfer the old one to the new account and then only withdraw .. but then the issue is you cant because you are EMPLOYED
. Right now you can withdraw the first option, but then you will have to declare yourself as UNEMPLOYED, do it at your own risk
Reply
627 MUNNA DANDAPAT January 30, 2013 at 9:01 pm
Dear Manish,
can U say if i leave my job of 2.5 years, and my EPF balance is arround 50000/-. can i get withdrawal of the said amount or
EPF(50000)+Company contribution(50000)=100000??
plz suggest how to claim for withdrawal
Reply
628 Manish Chauhan February 7, 2013 at 6:12 pm
You can get back all your EPF , once employer contributes to EPF, then its your money only.
Manish
Reply
629 Vimal January 31, 2013 at 10:50 am
Hi Manish,
Really great info..thanks for sharing..
I have a query regarding Pension Fund transfer. I have got my EPF Transferred from my previous company but when I checked the passbook
details I found that the Pension fund amount for those years (@Rs 541/ p.m) has not been transferred
Do you have any idea is it some government rule that Pension Fund is not transferred or they have missed it?
Thanks
Reply
You have to fill form 13 for that, did you fill it ?
Reply
631 Madan Mohan February 19, 2013 at 11:08 am
82/145
11/1/2014
Hi Vimal,
I also faced the same. Trust that everybody faces the same. I got the response from EPFO, Bangalore that as per the scheme pension
fund contributions are never transferred. They transfer EPS service period so that pension can be given. So, nothing to worry.
Reply
632 Nandan January 31, 2013 at 11:15 am
Hi Manish,
I had claimed for my pf 2 years back and still havent received it and currently im studying is there any way by which i can get back my Pf
can u plz suggest how? coz my friends say that i cant get my pf after a delay of so many years though i had applied for pf 2 years back itself.
plz help me out in this.
Reply
Best you can do now is file a RTI for this http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
634 HARI February 1, 2013 at 10:30 am
Dear Manish,
I worked in a company for 16 years and left the job on July 2012 and submitted my EPF for closure for my debts and i got settled in Dec 2012.
Now my question is the EPF was settled under prevailing interest rate of 8.25%. Now the EPF has increased to 8.6% or 8.8% for 2012-13, but
not finalise , will i get the difference amount of EPF interest for the period of Apr 12 till July 12 if the new interest rate of 2012-13 is applied
on??. .thanks in advance.
REgards,
hari
Reply
If its already settled , then why will you get the updated interest?
Reply
636 Jayaraman February 1, 2013 at 6:11 pm
Dear Manish,
This article was very useful. Thanks for that. I have a specific problem with my EPF.
I have 8+ years experience. Last year, I took a PF withdrawal for purchase of plot. I had given the agreements and got the withdrawal
sanctioned.
Due to some legal issues with that plot, I did not buy it, the agreement was cancelled. But I purchased a different plot with that money. But my
employer refused to accept this even after producing the sale deed copy and EC. Reason being the property being different from what was
sanctioned before. I was asked to repay the advance I took. I had to take a personal loan to repay it, and above that I have been banned from
taking advance for next 3 years.
I would like to know if what my employer did is valid? Cant I use the advance to get a different property for valid reasons. Is there anyway, I
can take this up and get the advance again for the new property?
Regards,
Jayaraman
Reply
I think it will be seen as a fraud by you. Because you said X and did Y . you should have informed your company about the new plot and
that you are going to buy that one. Not sure if your employer can really do that or not ?
Reply
638 hirenj patel February 4, 2013 at 9:08 am
if member is not coming on job from 3 month ,as an employer can we put a resignation date of him without resign letter.
Reply
639 Manish Chauhan February 6, 2013 at 10:54 am
I am not sure on that ,please check on our forum for this http://www.jagoinvestor.com/forum/
83/145
11/1/2014
Reply
640 jaya kumar maben February 4, 2013 at 5:18 pm
I served in one company for 14 1/2 years and was member of EPF/EPS after going abroad i resigned and claimed for refund of pf amount
Reply
Good to hear that
Reply
642 Lopamudra February 6, 2013 at 2:15 pm
Hi Manish,
Tnx for all the infirmation. I have a small problem. I had joined my previous co. on 28th Aug, 2012 and left on 15 Jan. 2013. Now, my
previous employer is saying that since I have not completed 6 months in the co. hence Iam not eligible to the co. contribution amount but am
eligible only to my contribution. Is it true?
At present I have joined another co.and wish to tranfer my PF a/c to present co.
Tnxs.
Reply
Yes, thats true
Reply
644 S. Jayaraj Maria Louis February 6, 2013 at 9:55 pm
My employees are being paid about 30000 rupees per month. Will the the employee get back all the money that is being submitted by the
employer and the employee after the retirement? I ask this because someone told me only Rs 780 of the employers contribution will be paid
back to the employee after the retirement.
Reply
645 Asankaran February 7, 2013 at 1:24 pm
Hi Manish,
Your post has been very informative. I have a doubt if my companys finance team is giving me correct response and I would like to check the
FACT from you.
1) I am an Indian employee transferred to abroad (long term transfer) and its been 3 years here. I am paying my social security taxes in this
country (non-SSA) Am I have PF contribution (both myself & my employee) in this case?
2) My company had formed its own trust in 2007-08. However, I find that the transfer hasnt happened from EPFO account to my companys
PF account. Isnt it against the rules?
3) Worst part our accounts are considered dead account (inactive > 36 months) as there is neither interest accrual nor PF contribution
happening.
Please provide your comment on the EPFO policy applicable for an INDIAN employee working in a country with whom India DOES NOT
have an SSA (Social Security Agreement).
Reply
646 Ananth Sankaran February 7, 2013 at 2:03 pm
Hi Manish,
Your post has been very informative. I have a doubt if my companys finance team is giving me correct response and I would like to check the
FACT from you.
1) I am an Indian employee transferred to abroad (long term transfer) and its been 3 years here. I am paying my social security taxes in this
country (non-SSA) Am I have PF contribution (both myself & my employee) in this case?
2) My company had formed its own trust in 2007-08. However, I find that the transfer hasnt happened from EPFO account to my companys
PF account. Isnt it against the rules?
84/145
11/1/2014
3) Worst part our accounts are considered dead account (inactive > 36 months) as there is neither interest accrual nor PF contribution
happening.
Please provide your comment on the EPFO policy applicable for an INDIAN employee working in a country with whom India DOES NOT
have an SSA (Social Security Agreement).
Reply
647 mohd February 7, 2013 at 10:09 pm
Dear sir really appreciated your efforts for giving your valuable time in solving our queries.
sir my question is this my organization is deducting employer contribution part from CTC package is it right or wrong please explain.
I am waiting fr your ans
regards
mohd
Reply
There is nothing wrong in that .. employer has communicated that in advance already . Thats what CTC means btw .
Reply
649 Ramya February 11, 2013 at 3:48 pm
Hi Manish,
Before 2.5 years, I withdrew my PF amount and the account seems to be closed. Is there a way to validate the amount received ? I see this is
not available in the EPF website and I see two amounts deposited in my account (Assume one is EPF and the other one is EPS as I have
submitted 10C and 19).
Just wanted to know if there is a way to check this ?
Reply
All you can do is file a RTI and ask this
Reply
651 Rajender February 12, 2013 at 2:28 pm
Hi Manish
I have already purchase a DDA flat at Delhi in the month of Oct. 2012 and 5 year of my service will be completed in the month of March 2013,
Now Is it possible to take loan against already purchased flat or I have to apply for alternation after March & what documents are required for
that as it is a Delhi Development Authority expandable flats sanctioned in the year of 1999 to previous owner.
Please reply
Reply
I think its available only for the purchase of a house
Reply
653 Abhijit February 12, 2013 at 10:34 pm
Hi Manish,
Very useful article, with reference to which I am submitting an application to my employer for additional contribution to EPF; which will be
more than normal i.e. 12% from my side (VPF). I have submitted the copy of the request form already for the same. Thanks to you.
Now one important thing to knowI am working in my current organization from last 8years however most probably my next employer will be somewhere in Gulf lets say in
Oman.
Now my question is what will happen to the EPF money? EPF facility wont be available in Oman like in India hence I cant transfer it
anyway.
85/145
11/1/2014
I really do not want to break my long term savings because of this?

What will be the ideal solution for not breaking the EPF?
Lets say I come back from gulf after 5years & join an Indian Employer. Can I then transfer my EPF from the old Indian Employer to the new
Indian Employer which I will be joining after Gulf job?
Your advice will be of great help.
Reply
You can keep your EPF as it is, but as per current laws, it will earn interst only for next 3 yrs , after which it will become dormant and
not earn anything . So if you are planning to come back to india very later like 5+ yrs , better complete the formalities of withdrawal and
keep the money for some use or invest
Reply
655 Abhijit February 19, 2013 at 10:31 am
Thanks for the reply Manish.
I must take care of completeing the formalities before I leave to some other country.
Keep up the good work.
Regards,
Abhijit
Reply
Sure
Reply
657 Hemant February 15, 2013 at 2:40 pm
Hi Manish
Thanks for the wonderful post.
My question is if an employee turns 58 and wants to withdraw his pf while continuing his job then:Can he withdraw?
If yes then how much he can withdraw?
Reply
No cant do like that
Reply
659 Arul February 15, 2013 at 6:25 pm
I have worked in a company for 2.5 years and later switched my job to another company and maintaining another separate PF account. I have
neither transferred nor withdrawn money from my previous PF account.
If I withdraw money from my previous PF account after 2.5 years from the date of my resignation from my previous employer, whether it is
taxable or not. Moreover,can I able to maintain two separate PF accounts.
Thanks,
Arul
Reply
You can maintain two EPF , the first EPF should cross 5 yrs in existance so that you have to not pay tax on it
Reply
661 Rohit Godkhindi February 18, 2013 at 2:42 pm
86/145
11/1/2014
Hello,
I dowloaded my EPF passbok from http://members.epfoservices.in on 17 Jan 2013.
Now i tried again to download the same but still reflecting the same old pdf which has
details till dec 12 salary.
Reply
It might be updated after many months !
Reply
663 neha February 22, 2013 at 1:02 pm
thanks a lot for the information..
Reply
664 Shailesh Patel February 22, 2013 at 5:28 pm
Hi Manish,
I want to buy a land plot from a housing venture. The owner has acquired this venture from many farmers. What are the documents I need to
procure in order to get an EPF loan?
Reply
I think that you should get on our forum http://www.jagoinvestor.com/forum/
Reply
666 Rajkrishnan February 25, 2013 at 2:25 pm
Hi Manish,
I am Rajkrishnan working in MNC at chennai. I had work with one company at Bangalore from March 2005 to May 2007. When i shifted my
company , i tried to transfer but didnt worked out. Now that company is sold and bought by another one. When i looked EPF Status of that blre
company , it was showing some amount some 5 months back. But when i checked now , its not showing. Whether i will get that EPF if i go to
EPF office by giving all forms which are necessary. Kindly reply
Reply
Better you enquire this now using RTI , because only EPFO department will be able to help you with the exact procedure !
Reply
668 Rajkrishnan February 25, 2013 at 6:14 pm
Thanks
Reply
669 Vikram February 25, 2013 at 2:36 pm
Hi manish,
i am working from last three year and now i am moving to a new job. i have been told that we will not have pf facility in my new job and my
basic salary will be more than 6500, so kindly tell me how i can go forward with it.
Reply
Withdraw your existing EPF then
Reply
671 saurabh February 26, 2013 at 12:03 pm
I have been working with a company for 4 yrs & 8 months now. PF has been deducted from my salary for the above said period. Now, I am
87/145
11/1/2014
joining another company which does not have a PF a/c. How do i withdraw my PF balance without attracting income tax. Should i hold the
balance in the existing a/c for a 4-5 months more & then withdraw? Please HELP!
Reply
yes .. that will help you get a non-taxable PF !
Reply
673 Deepak February 27, 2013 at 11:19 am
Dear Manish,
I worked in a company for 8 months and according to salary slip me and employer had equal contribution to epf, both rs 1493. So if I withdraw
this amount before my next job, what will be the exact amount? will it be Rs. 1493 x 2 x 8 = 23888.00 Or some other figure..
Reply
674 Manish Chauhan March 1, 2013 at 9:00 pm
YEs . it should be around that !
Reply
675 Deepak March 1, 2013 at 9:39 pm
Thanks Manish, you are doing great job by running this blogsite. Very useful for those who have no proper knowledge. Thanks
again.
Reply
Thanks !
Reply
677 Sameer February 28, 2013 at 12:53 pm
Hi Manish,
Thanks for the very useful information. I had a question:
I transferred my PF from one company to a private trust holding company. This will not have any EPS account. What happens to my EPS
money from previous company? Does it get transferred?
Does submitting a request to transfer EPF automatically transfers EPS as well?
Thanks,
Sameer
Reply
Only if you had filled the form for EPS. By default the company gives you the form for that
Reply
679 Dinesh Kumar March 1, 2013 at 4:46 pm
Hi Manish,
I worked for mnc company,
From 14 June 2010 to 14 June 2011 deducation amount rs.600
From 14 june 2011 to 3 oct 2012 deducation amount rs.700.
over all 28months experience
My last salary per month was rs.18,800.
Please let me know how much pf amount will I get.
and I received an sms on my mobile stating that ur Payment under process.
Regards
Dinesh
88/145
11/1/2014
Reply
You should get around Rs 2500 .
Reply
how come rs.2500 for 28month
Reply
I am taking it around 2 yrs .. so your contribution + employer should be around that amount .. may be little up or down
Reply
ok 2500 per month and I should calculate for 2500 x 28months or how please calculate and tell me the amount.
Reply
For exact amount, you can only know by filing a RTI !
Reply
685 RITESH March 1, 2013 at 9:46 pm
Thanks for valuable information. Feels very good for you.
Can you pls advice on- My mother resigned from a private firm and got his PF amount but even after 18 months , unable to get processed his
pension papers.
Where we can lodge a complaint , company officials taking too long now.
Reply
The best thing you guys can do is file a RTI and ask what is the status and whats next . things should move faster !
Reply
687 M.Agarwal March 4, 2013 at 11:10 pm
Sir
My question is that i had worked for 12 years in X company(EPF withdrawn) after that i joined Y company for only 6 month(EPF withdrawn)
again i joined X company as new appointment for 2 years(EPF withdrawn) after this i joint Z company and working presently 5 years
How can i merge my penson for all service tenure ?,What should i do ?
Regards
M.Agarwal
Reply
You will have to file the transfer form for each of your company
Reply
689 krishna kumar saxena March 5, 2013 at 7:55 pm
sir,
i was working for an organisation from 14/7/2003 to 21/11/2012, they were deducting a fixed amount rs 780 per month,
now i hav resigned the job & applied for pf withdrowl.
sit plz help me to know that how much amount shoul i get & why it is taking so late.
bcoz organisation is not responding for anything.
89/145
11/1/2014
Reply
You should now follow this http://www.jagoinvestor.com/2012/11/withdraw-your-epf-without-employer-signature.html
Reply
691 Avinash Soni March 7, 2013 at 10:03 pm
Hi! Manish,
Thanks for the useful article, My question is if an employee has a EPF A/C no. and he want to know the amount accumulated in it. In EPF
website, it is asking for some establishment code which is not mention in the A/C no.
Reply
Each company has a establishment code .. JUst search for it in google with your company name
Reply
693 Avinash Soni March 20, 2013 at 12:22 pm
Hi Manish!
I was working with Pantaloon Retail Ltd since 2006, but on 1st Jan 2010 the company launched new venture Future value retail
Ltd and my EPF A/C transfer in the new venture name. now when i see my EPF status from the EPFO portal it is sowing only
FVRL (new venture) amount.
Kindly suggest how to know the total amount.
when i fill old PRIL A/c no. then it is sowing account has been settled.
Avinash Soni.
Reply
694 Manish Chauhan March 21, 2013 at 8:46 am
You should be filing the RTI to find out the status . Only they will be able to give you accurate info
Reply
695 expat March 8, 2013 at 12:17 am
I worked as an Expat & My Company claims they have deposited PF for me & show me an company internal PF statement.But when i query
on EPFO website using the PF account number they have given i get Invalid User error.Does that mean my company did not deposit PF or is it
just EPFO office taking 3years to create my details on their website.
Are there any companies which can offer paid help to sort this out for me?ie Get me a proper PF statement issues by EPFO?
Reply
Expat
It might happen that your data is not uploaded there .. thats all .. the best way to find the answers is to file a RTI application and asking
all these questions !
Reply
697 krishna saxena March 8, 2013 at 11:52 am
hi manish,
i worked with an orgnization from 14/7/2003 to 21/11/2012 , now i hav resigned and applied for pf withdrawl, they were deducting a fixed
amount rs 780/- per month. plz let me know that what amount i m supposed to get & how long will it take? bcoz organization is not responding
for anything.
Reply
I think the accurate answer will only come through an RTI application ! .. http://www.jagoinvestor.com/2012/03/rti-for-epfhttp://www.jagoinvestor.com/2012/05/epf-facts-employee-providend-fund.html
90/145
11/1/2014
withdrawal-or-transfer.html
Reply
699 krishna saxena March 9, 2013 at 12:24 pm
hi manish
a big thanx for giving me direction & information about rti but now prob is that
that Organization has not sent my PF withdrawl form to its regional office on enquiry they said that we will send after one month .I
Resigned on 21/11/2012 so 3 months are already passed(i think which reqires) now what should i do can u plz suggest me..
Reply
Yes ,they should send it asap . Ask them to do it asap ..
Reply
701 Kamleshwar Prasad March 8, 2013 at 12:12 pm
I worked in MNC. My past service is 10 years upto 15.11.1995. The gross salary was Rs.2,480 upto this period. After 15.11.1995 to 30.06.2003
my pensionable service is 7 years 6 months and Pensionable salary is 6,050. What will be my family pension now. Please suggest.
Reply
Your pension can not be predicted with just above information .. I suggest to file a RTI for this !
Reply
703 Avishek Chakraborty March 9, 2013 at 9:00 pm
Thanks for the valuable information.It will definitely help a lot.
Reply
704 Chanchal March 10, 2013 at 4:48 pm
Hello Manish,
First of all thanks a lot for such an informative article. It really educates us. Thanks a ton for your hard and good work thru jagoinvestor.
I had a request. If you could create a video on EPF interest calculation similar to how you did for a PPF calculation.. it will be really great.
Otherwise if you can explain a bit more in detail on EPF interest calculation, that will help me.
Thank you.
Chanchal
Reply
Will have to check myself on that
Reply
706 ashok phogat March 11, 2013 at 8:21 am
I withdraw an amount for my sons marriage from my P.F.,, can I get any deduction for this??
Reply
No , there are no deduction like this
Reply
708 Snehal Sukhadia March 11, 2013 at 4:25 pm
I was working with a company till November 2012 and was a part of the PF scheme. After that till March 15, 2013 I was running my own
business. Now I have got a job and joining a company again. My questions are:
91/145
11/1/2014
1. Can I withdraw the amount of PF from the previous employer?

2. Can I opt for not being a part of the PF Scheme during my new employment?
Reply
1. Not really, once you are employed again , you cant withdraw the PF , you need to transfer it
2. I dont think so !
Reply
710 Snehal Sukhadia March 14, 2013 at 9:37 am
Thanks a lot Manish
Reply
711 Priyanka March 11, 2013 at 5:11 pm
Hi Manish,
Big thanks for all the details regarding PF, now I have better understanding of PF :).
I completed more than five years in my previous company, and my EE is approx 54K & ER is approx 20K (till march 2012), could you please
suggest how much PF will i get at the time of withdrawal.
If possible kindly explain EPS calculation in easier terms.
Many thanks in advance.
Regards
Priyanka
Reply
Priyanka
I think there are many more things which even I and you need to get clarity on . If you want to know the exact number, in that case I
would say file a RTI for that .
Reply
713 Raju Madhavan March 12, 2013 at 8:21 am
Manish,
I have recently moved out of my organization and would be starting a business, would it be possible to retain the PF account as it is and get the
benefits? OR, Am i forced to withdraw? what are the rules fo rthis.
Raju
Reply
You can keep it like that, but after 3 yrs of inacticity, it will stop giving any interest , then its like not earning anything on the amount . I
would suggest apply for withdrawal, anywyas it takes some times to get it and then keep it as FD !
Reply
715 Sanjiwan March 12, 2013 at 5:47 pm
Hi Manish,
I worked my previous company from Feb 2008 To Nov 2012 (4 Years 10 Months).
Now I want to withdraw my PF but I heard that it will be a taxable
So please let me know how much tax I need to pay if I withdraw my PF.
Or please suggest me the better option to save the tax of my PF.
Thank You.
Reply
92/145
11/1/2014

It will be added to your income and based on your tax slab you will pay the tax. mostly 20% if your total income after adding PF amount
is below 10 lacs.
Now you can wait for 1 more year , and then withdraw the PF amount , which will make sure your tax is saved as it will be a 5 yrs old
EPF account
Reply
717 Prakash reddy March 14, 2013 at 10:45 am
Hi manish,
During transfer of EPF to new company, does the old company amount(EPF+EPS) comes to new company account as new EPF.
Am i correct?
If not is there any separate form to get that to new company EPS account?
Reply
There is form 13 to be filled, but its given by your employer
Reply
719 leela March 14, 2013 at 12:35 pm
Hi,
My husband is working with some auto company and we would like to increase pf contribution by employee.
We would like to know that is there any limit in employee contribution and whatever we contribute to PF is tax free we believe.
So to reduce taxable income can we choose to increase employee contribution?
If answer for the above question is yes, then is there any time limit to withdraw the pf amount with out paying tax.
Regards n thanks,
LeelaK
Reply
Yes employee can increase his share , but only upto 1 lacs in total is covered under 80C section ..
Reply
721 Susant March 14, 2013 at 7:03 pm
Hi Manish,
I want to construct a new house on a Plot which is in my Fathers name. Can I opt for the EPF withdrawal for the House construction?
If Yes, how the 36 months of EPF calculations happens, if there is a change in EPF on every year.
Note: I have already completed 5 years in my Current organization.
Reply
I am not sure if it will be allowed if the house is not on your name
Reply
723 Mohan March 16, 2013 at 2:38 am
Nice article. Very informative. Thanks for sharing.
Reply
724 Mitesh March 16, 2013 at 3:11 pm
Sir, I am planning to purchase a resale flat. I will be completing 5 yrs of my service on 25th May 2013. If I purchase flat in the month of
Mar13. Can I claim withdraw in June13?
Reply
93/145
11/1/2014

Yes
Reply
726 BHAUSO THORAT March 16, 2013 at 7:23 pm
sir,if i get loan against EPF ,Can i am eligible for EPF PENSION?
Reply
Good to hear that !
Reply
Yes, if you repay the loan
Reply
729 Sukumar March 18, 2013 at 9:57 am
Hi Manish,
Thanks for the info. I had worked for a company from Jun 2005 to Apr 2010 (4y 11m). I did not withdraw the amount till now. I was told that
if we dont work for any company for 5 years then EPF will be taxed. Please let me know if this true. I am planning to withdraw now. Please let
me know if my EPF will be taxed. Is it right time to withdraw my EPF? Should I wait till March end to get the EPF interest?
Reply
It has to be 5 yrs old, even if you leave the job , you can withdraw it 1 month later, so that it complete 5 yrs !
Reply
731 Devang March 18, 2013 at 3:22 pm
Thanks for providing some valuable info on epf/eps rules
Reply
Welcome Devang !
Reply
733 Irfana Parveen March 19, 2013 at 4:33 pm
Hi Manish,
My issue is that I had mentioned wrong account No. in PF withdrawal application and my PF amount of Rs. 3,06000 is already been sent to
the said wrong account No and I really dont know what i should do.. can u please advice me as to how i can get the said amount credited to
the correct account.
Regards,
Irfana Parveen
Reply
The only issue now is, the mistake is done by you , if the person who got the amount has used the money, then bank will not be able to
recover back the money . Check with EPF department now
Reply
735 Irfana Parveen April 16, 2013 at 4:56 pm
Hi Manish,
94/145
11/1/2014
Thanks a lot for your advise.

I have checked in teh concerned Bank..whatever wrong account number i mentioned does not exist at all. Can i resubmit my Form
19 for re-withdrawal can you please advise.
Reply
Yes, then you should apply for re-withdrawal
Reply
737 Santhosh March 19, 2013 at 10:31 pm
Manish, Very nice article,
I need a small information regarding PF I am from Hyderabad and working for a software Company. My company is not providing PF for
the employees whose Salary is more than 15k. Is a Company have a chance of not providing PF for their employess.. In this case if I already
have a PF account in my previous company and if I joined here then can I with draw my PF?
Reply
738 Sarath March 20, 2013 at 12:27 pm
Hey Manish, many thanks !!!
very crisp and clearvery much useful one
Reply
Thanks
Reply
740 Shishir Pandey March 20, 2013 at 9:33 pm
Hi Manish,
I withdraw my EPF from the previous employment and I also received money direct to my bank a/c from EPF office. As you said above that
Employer contribution of EPF one can withdraw, so please tell that whatever amount I got from the EPF office it was only the Employer
contribution, is my contribution remains there? If Yes, than should I transfer it to my current organisation. and Whats the procedure of transfer?
Is there any requirement of previous company in case of transfer.
Reply
NO , you get all the money in one go ..
Reply
742 Nishant March 23, 2013 at 8:48 pm
Hi Manish
I left job after completing 4 years, in 2012 for studies that will be 2 years course. I want to continue the same EPF A/c by transferring to new
employer when I join new job after 2 years. Do I loose by doing so or withdrawal will be better option? Please suggest.
Reply
No its a good option ,you can do that after 2 yrs
Reply
744 R S Gupta March 24, 2013 at 2:22 pm
I worked in an organization for 2 months so could I withdraw the pf amount?
Reply
No , you have to work for atleast 6 months for that
95/145
11/1/2014
Reply
746 Gnanasekaran March 26, 2013 at 12:42 pm
Hi Manish,
I had presently joined a start up company which are planning to start EPF from April, Previous to present employment I had given application
in to transfer my PF account in my previous 3 Company When I had joined the company. Unfortunately none of them transferred the account
from previous company, is there any possibility to transfer the amount from three EPF account opened in my previous companies to new EPF. (
Note : I have 1 EPF account in Mumbai and 2 other EPF account in chennai, Also these 3 EPF account are less than a Year old ).
Thanks
Sekar
Reply
Gnanasekaran
I am not sure whats the process to stop your existing transfer requests . I think you will have to file a RTI to find out the way out . Or just
put a thread to discuss it on our forum http://www.jagoinvestor.com/forum/
Reply
748 Rupesh kadam March 26, 2013 at 3:23 pm
Dear Manish sir
Really really useful infromation for common people like us.
I read your blog regarding pf withdrawal rules and i found that if anyone join new organization then he has to transfer his PF and no withdrwal
allowed as per law.
But sir I already dispached my PF withdrawal forms to my previous organization for processing and from then it will be pass on to PF office
for further processing.
My question is, By mistake I wrote my current official email ID on that forms. please guide Is pf office process this forms or not? as I am in
financial crisis and hence I withdraw my PF.
Reply
He might reject it asking you to prove that you are unemployed .
Reply
750 Rupesh kadam March 28, 2013 at 1:39 pm
Thank you sir for your prompt revert.
sir, are you sure they will reject my forms? and if they do so can I send new application to them with my personal email ID?
please guide
Reply
I am not sure , but there are cases like that
Reply
752 Rupesh kadam April 3, 2013 at 4:00 pm
ok thank you, sir
Reply
753 Nishant March 27, 2013 at 3:33 pm
Thanks Manish.
Reply
754 mallikarjun March 27, 2013 at 5:05 pm
iam a PSU employee.in my organization,the employers contribution of 8.33% towards pension scheme is deducting on total basic plus D.A.
ex:( 26420+19020)*8.33%=Rs.3785/can you tell me this scheme details.
96/145
11/1/2014
Reply
755 karthik March 31, 2013 at 12:22 am
Appreciate your article !
Reply
756 Neetu April 1, 2013 at 12:02 am
Hello Manish..Hope you are doing goodI have a query on PFRequest you to plz help me.
I am working since 2002 till current without any break in service. I have worked for 4 organizations and this is my 5th organization. I have not
withdrawn or transferred my PF so far.
I would like to know:Q. No 1: If I can submit 4 forms to my current employer so that they are able to transfer them all in the current (5th Account).
Q. No. 2: If I opt to withdraw my PF from previous 4 employers, will it be taxable to me ?
Thanks,
Neetu
Reply
1. You dont have to give the transfer request to your current employer , it has to be directly sent to the EPFO department . Check by
enquiring to your current employer also if they can help
2. Only if the EPF account is not 5 yrs old .
Reply
758 bhavin April 1, 2013 at 4:38 pm
i work in vodafone. they said epf withdraw is done then i complete my job of 1 year work otherwise i not take my epf .is right.
Reply
Its 6 months !
Reply
760 SA April 4, 2013 at 1:03 pm
Hello Manish
I worked for company for 4.5 yrs in India then got transferred to USA branch and have been working here for 7+ yrs with the same company.
Am I eligible to withdraw PF in this case?
Thanks
SA
Reply
definately you are .. just fill up the withdrawal form . you should have ideally done it when you left for US !
Reply
762 Taher April 5, 2013 at 3:15 pm
If a member contribute Rs. 541/-per month as EPS for five years and he leave the job how much he/she will get as a withdrawal of bennefit as
per Table D of EPFO kindly explain in details. At the time of leaving his/her salary is Rs. 6500/Reply
Not so easy to find out like this . Better file a RTI for this to EPFO and find out
Reply
764 nmsadguru April 6, 2013 at 1:39 pm
97/145
11/1/2014
If a employee serve the organisation for Seven year and leave the job how much employee get withdrawal benefit under EPS.
Total EPS Contribution 45444/- Salary Rs. 6500/Reply
765 Deepak April 8, 2013 at 8:57 am
I have contributed Rs. 55228/- under EPS for Nine years and leave the job. at the time of leaving my basic salary is Rs. 7500/- How
much I will get as a withdrawal benefit . Please send details and calculation also.
thanks
Reply
The full amount
Reply
He will get as per the chart given in the article
Reply
768 Deepak April 6, 2013 at 1:54 pm
I have contributed Rs. 55228/- under EPS for Nine years and leave the job. at the time of leaving my basic salary is Rs. 7500/- How much I will
get as a withdrawal benefit . Please send details and calculation also.
thanks
Reply
769 Alok Agrawal April 8, 2013 at 10:52 am
I had shift to new company so , I requested regional PF office to transfer my PF account to my new companys pf trust account.
They have transferred the amount but there is difference between the amount they transferred and the balance that I had in regional PF account.
In my regional PF account, total amount was around 80 K (42k(EPF), 12K, 26k(EPS)). But the amount that has been transferred is 68K
(48(EPF), 20K (employer share)).
SO I am not able to understand this difference . Can any one tell me, please?
Reply
The only right answer can come with RTI
Reply
771 sumeetkumar April 8, 2013 at 2:43 pm
dear manish sir,
i had a query regarding my pf withdrawl?
i was employed in a PSU for 3 years.
after 3 years, through proper channel, i joined another psu.
I didnt transfer my pf amount.
I am under a crisis, for which I want to withdraw my pf amount accumulated in my previous company.
When I sent the withdrawl form, today I got a call from my previous employer office, that as I am employed in another psu, and that too
through proper channel, they can only transfer my pf amount and cant withdraw it. Please can you help me out with this, as the amount is
urgently required by me thanks sumeetkumar
Reply
Yes, you cant withdraw it , because only when you are not employed, you can withdraw it as per law. You can only transfer your old epf
to new epf
98/145
11/1/2014
Reply
773 Prabhanjan April 10, 2013 at 9:10 pm
Hello Manish ,
Very informative forum. Please help me with my query .
I am applying for a partial PF withdrawal towards Construction of House , construction estimated 40 Lkhs. I recently bought this Site with a
Composite loan approved for 40 Lkhs from IDBI . Bank has released 19 Lkhs for purchase of Site . So they will gradually release remaining 21
Lkhs for construction.
1) Will there be chances of rejection from PF , since i am also borrowing a home loan ? though home loan isnt sufficient for me .
I am yet to submit my application , so thought of getting this clarified before i submit them. I have already completed 8 yrs with PF .
Thanks
Prabhanjan
Reply
No EPF should not reject your application because you are borrowing from other place also
Reply
775 Praveen Deshmukh April 13, 2013 at 5:59 pm
From the http://members.epfoservices.in I downloaded epfo sheet which contains records from 01/04/2011 to 05/04/2013. But my pf account
started in 01/01/2012.
In the report from 01/04/2011 to 01/01/2012 all the reocords are empty.
So how many years has been completed to my pf account its 1 year or 2 years.
Reply
The data is not uploaded for all the years ..
Reply
777 praveen April 20, 2013 at 10:21 am
But my pf account started in 01/01/2012. why the report is showing from one year back.
Reply
Its one year only , right .. from 2012-2013
Reply
779 mallikarjun April 15, 2013 at 9:29 pm
hello manish,
iam a PSU employee.in my organization,the employers contribution of 8.33% towards pension scheme is deducting on total basic plus D.A.
ex:( 26420+19020)*8.33%=Rs.3785/can you tell me this scheme details.
Reply
What kind of info you want ? Its already covered into this article i guess
Reply
781 Jose April 25, 2013 at 4:30 pm
Hello Manish,
I have a query. Does the employer share of contribution and employees share of contribution be the same? Our organisation deducts employees
contribution @ 12% and employers contribution is flat Rs. 780/- per month ( Rs. 239/- for EPF and Rs. 541/- for EPS).
Is this is allowed as per the EPF rules?
Reply
99/145
11/1/2014

As far as I know, It has to be equal upto 12% of your basic. Ask the employer on this and under which rule or rational they are doing it ?
You can also file a RTI to EPFO and ask for this .
Reply
783 Ashish L April 26, 2013 at 10:08 am
Hi Manish,
Morning. Did not know the backend of how EPF works.
Thank You for educating us all.
Regards,
Ashish
Reply
Welcome
Reply
785 koushik April 29, 2013 at 9:05 am
Hi Manish,
our company is totally into small duration projects(like 1 week to 1 month, max 2 months) we will be hiring be candidates in between 100 to
200(candidates) for registration work, operations work from consultant for project and once projects done we will give them salary/wages
through consultant. is it necessary to provide PF for those registration executives, operations executive who works for 1 week to 2 months?is
there any options to avoid. i heard like we can take them under stipend. so that need not to provide PF to those candidates.kindly help me out.
Reply
I am not clear on this . But I think PF is mainly for your permanent employees ! . You can check with EPFO on this
Reply
787 praveen anand April 29, 2013 at 3:46 pm
i worked in a co.in noida from aug 1999 to apr 2001,i had withdrawn my pf amount but i am not sure wheather it was EPF or EPF+EPS
both,pls tell me was at that time (1999-2001) EPS law of Rs 541 was applicable ,how could i know that i have withdrawn the whole amount or
EPS amount is still pending.
Reply
You can only be sure by filing a RTI .
Reply
789 S Srinivasan April 29, 2013 at 10:59 pm
Dear Manish Chauhan
To get a pension one should not have withdrawn the amount. I took VRS and hence withdrawn my accumulated PF. After a month I got job
became a PF member, served for 7 years; resigned but not completed 10 years service. I am more than 58. Will I get pension?
Reply
No , you need to have 10 yrs of service if you had EPF in a company
Reply
791 S Srinivasan May 6, 2013 at 8:32 pm
Dear Sir
100/145
11/1/2014
On obtaining VRS on 31/03/1999, I had withdrawn the accumulated PF during the period 1972 31/03/1999. I have with me the
the scheme certificate issued by the PF authorities.
However, I got the job during middle May 1999, covered under PF immediately, resigned in June 2007. When I applied to
withdrawn the PF, in fact I had applied for scheme certificate, however, they did not do so, in turn sent some amount.
Now I applied for PF pension, which was rejected.
Will I get the pension against first scheme certificate.
Reply
I think this needs lots of discussion , please open a thread at http://www.jagoinvestor.com/forum/
Reply
793 Lokesh sharma April 30, 2013 at 12:05 pm
Hi Manish,
My problem is that My previous company has deducted EPF from my salary but it did not deposite to EPFO from 1-04-2011(last deposite day
was 1-03-2011) to 01-05-2012 almost 13 months. What can i do for this aspects so i will get my epf money from company.
please help me and email me steps for this issue which will be take by myself.
Reply
794 Lokesh sharma April 30, 2013 at 12:20 pm
Hi manish,
my previous company did not deposit epf amount to epfo office from 13 months and and it had deducted amount from my salary
what steps i need to take against the company ?
Reply
Complain to EPFO on this and registrar of companies
Reply
796 dr. amit May 1, 2013 at 8:12 pm
hello manish.. thanks for the informative articles..
i am a medical officer in himachal pradesh government( regular service, comissioned in 2007) .
Currently my organization is providing me CPF( contributory pension fund), in which 10% of my basic pay is deducted each month, and
supposedly same amount is contributed by the government.
please provide an article regarding CPF. On what amount would the compound interest be paid , and what if i quit my job early..
thanks..
Reply
Hi Amit
http://www.jagoinvestor.com/forum/ our forum is a right place to ask this
Reply
798 samy jain May 6, 2013 at 12:02 pm
I had worked with my old employer for 3 years which ended on 7th May 2010, and after a break of almost one year, i have joined a new
company in June 2011. I have never bothered to close my old PF account and got a new PF account with my current employer. I would like to
get my old PF account to merge in my new PF account. Now my queries are:
1. Since i had worked only for 3 years with my old employer, whether my transferred balance from old PF to new PF attracts tax.
2. To avoid tax liability will the years I worked for old employer be clubbed with the years I worked for current year for tax exemption because
I am planning to leave my current employer within few months (most likely by July this year).
Reply
101/145
11/1/2014

Samy
1. No
2. Yes, past years will be counted !
Reply
800 manish chandra May 10, 2013 at 11:22 am
mr. Manish, i am Manish from Amritsar and working for BSNL,, am yet to complete 4 years of service in the department, am married and
planning to buy a house here,
my question is that can i withdraw some amount from EPF?, and if yes,, how?
Reply
Not yet , only after 5 yrs of service
Reply
802 deepu May 16, 2013 at 6:34 pm
hi,
My pf account is in with a private PF trustee. I left the organisation. Can I withdraw the PF now? does same rule applicable for PF trustee?
Reply
Deepu
We are not aware of this at the moment, please take help on our forum http://www.jagoinvestor.com/forum/
Reply
804 Reni May 22, 2013 at 9:08 pm
This piece of information was of great help to understand the basic rules on EPF withdrawal
Reply
Thanks Reni !
Reply
806 Naresh Makwana May 23, 2013 at 10:26 am
Hi Manish,
I really appreciate your article. I have one complicated query. I worked for 14 months in one company and after that I left the company without
any intimation for studying and then after 15 months I joined another company. I worked there for 18 months and then I left that company with
intimation and proper resignation process. Now I am looking for new job. I would like to know whether 1) I can transfer my old PF amount to
my last PF account. 2) If yes, then how?
Reply
YEs, you can transfer it , for transfer process you need to contact your current employer , also read thsi
http://www.jagoinvestor.com/2012/11/withdraw-your-epf-without-employer-signature.html
Reply
808 Naresh Makwana May 25, 2013 at 5:31 pm
Hi Manish,
Thanks for your reply, however, its my fault that I was unable to mention my issue clearly. Actually I have two PF accounts for
two different companies and I have not transferred one first PF account with second employer. So they opened another PF account.
102/145
11/1/2014
Now, I am joining new company. So, my question is can my third employer merge amount of both PF account into new account or
I can give only one PF account number to them.? The reason is I dont want to withdraw money from any account and want it to
carry forward.
Reply
You can merge all 3 , actually its not merging , but transferring , Ask your employer to transfer 1st->3rd and 2nd->3rd !
Reply
810 Karthikeyan chinnaswamy May 23, 2013 at 1:19 pm
Hi Manish Chauhan,
Thanks for clearing all Qs. Excellent help you are doing:)
My total experience is 7 years.I am going toUS for an assignment. I will come after 2 years. In this case
Question1: what will happen to my current PF account? whether it will active or will get deactivated?
I am not sure whether PF contributions will continue till i come back. incase this case
Questi0n2: Till i come back If PF contributions is not going to happen what will be status of my PF account?
Reply
1. It will continue as it is , confirm from your company ,how are you getting salary in these 2 yrs , will EPF be deducted or not
Reply
812 pjay May 23, 2013 at 1:37 pm
i joined a company on 18.11.1995 and still continuing with the same company. my basic salary is 16500. suppose if i take retirement now, what
pension i will get from epf.
Reply
One cant tell it that way .. file a RTI to know this
Reply
814 amit May 26, 2013 at 5:33 pm
i have left the job 3 yrs ago in 2010 now how i can get my pf money it is requested to send mail on my mail id amit.joshi709@gmail.com
Reply
File a withdrawal form for it
Reply
You mean you want your PF money through us ?
Reply
817 Srinivasan C May 27, 2013 at 7:52 pm
Manish,
Neatly written, very helpful article. Thank you.
Regards,
Srini
Reply
103/145
11/1/2014
818 sougato pal May 28, 2013 at 3:48 pm

Hi Manish
I changed my job last year. As per the process I have filed FORM 13 for PF transfer to my new organization. Within 3 months my PF amount
has got transferred to new organization.
My question is there a seperate process for EPS transfer or it get automatically transferred when My PF was transferred.
Reply
THere is another form for that, didnt your employer give it you ?
Reply
820 PRASHANT May 29, 2013 at 5:54 pm
Sir It was nice article I have one query I resigned from Job in Aug 2007 I then join other company after six months when i went to employer to
get signature on PF form he simply refused & till date he has not signed on it ,what should i do now ? as per the article my PF a/c is i think
undergone dormancy , what should i do now shall i take signature of bank official & proceed or what should i do now? please help me out
Reply
First tell your employer that you are complaining to CVO office at EPFO , He will come on line
Reply
822 KNN May 31, 2013 at 5:28 pm
Hi Manish, that was a really nice article. I was actually looking for Migration to other countries for permanent settlement withdrawal details,
but I could not find them in the above article. So here is my case, your reply would be greatly appreciated.
I have been working for 3 years and 4 months. My wife has been working for almost 4 years. Im going abroad for my higher studies and my
wife is coming along with me with a work permit. We both want to withdraw our EPF amount and I need your help to clarify my doubts.
1. Are we eligible to withdraw 100% of our PF amount?
2. If we are eligible for withdrawal, can we apply for it before getting relieved from the company?
3. We havent completed 5 years of service, so do we receive the employers contribution also in the withdrawal amount?
4. Will any tax be deducted on the PF amount that will be given?
5. Will no tax be deducted if we withdraw the PF amount after 5 years?
Reply
823 Ajin Nair June 6, 2013 at 4:52 pm
Hi,
I googled a lot and believe that you are only able to solve this.
I fetched my PF detail from the new epf passbook site and got the following details:
Employee Share : 26860
Employer Share : 9086
Pension Fund : 16546
But when i transferred it to my new company , i received only 40k , what could be the reason.
Is the pension fund part not paid in case of transfer.
Many thanks,
Ajin
Reply
I guess you forgot to fill up the form relevent for the EPS fund transfer . Check with EPFO using RTI now
Reply
825 Ashok June 11, 2013 at 3:48 pm
Hi Manish,
The information you provided is invaluable and answered a lot of my questions, thanks a lot for that but then I have a specific question from
my case.
104/145
11/1/2014
I have worked for a firm from Mar 2006 till Nov 2007 after which I got the EPF transfered to a new EPF a/c but then left the new company a
month after joining, I need to understand if I can withdraw the EPF/EPS amount. Will the 6 months caluse apply in my case or as the EPF
amount is transfered from my old a/c will it be treated a older than 6 months account?
Thanks,
Ashok.
Reply
No , it will not apply , because you transferred your old EPF to new one !
Reply
827 Seema June 12, 2013 at 4:04 pm
Thanks Manish,these things are very helpful
Reply
828 KNN June 13, 2013 at 2:20 pm
Hi Manish, that was a really nice article. I was actually looking for Migration to other countries for permanent settlement withdrawal details,
but I could not find them in the above article. So here is my case, your reply would be greatly appreciated.
I have been working for 3 years and 4 months. My wife has been working for almost 4 years. Im going abroad for my higher studies and my
wife is coming along with me with a work permit. We both want to withdraw our EPF amount and I need your help to clarify my doubts.
1. Are we eligible to withdraw 100% of our PF amount?
2. If we are eligible for withdrawal, can we apply for it before getting relieved from the company?
3. We havent completed 5 years of service, so do we receive the employers contribution also in the withdrawal amount?
4. Will any tax be deducted on the PF amount that will be given?
5. Will no tax be deducted if we withdraw the PF amount after 5 years?
Reply
1. Yes, but it would be taxable
2. No , you can withdraw only if you are unemployed for more than 2 months , so your company will start the process after you leave for
2 months .
3. Yes, you do . But all the money is taxable, because its tax free only after 5 yrs
4. Yes, as per your income tax slab , all the money you get will become you income for the year
5. Yes
Reply
830 Sneh June 18, 2013 at 12:30 pm
Many thanks for sharing the information, can you pl. help me in clearing one doubtIf I am working for 11 years or 20 years , in both cases the amount of fund accumulated in pension fund (Rs. 541) will not matter as I will
receive only fixed pension of Rs. 3250 per month after attaining age of 58 years. Is my observation correct ?
Reply
Correct !
Reply
832 JIm June 19, 2013 at 3:34 am
Hi,
I checked my PF balance in EPFO website and i got a message like
EE amount is 89000 and ER IS 58000 WORKED IN CTS FOR 4.7 YEARS NOW I HAVE SUBMITTED MY WITHDRAWL FORM HOW
MUCH AMOUNT I CAN EXPECT INCLUDING INTREST
Reply
105/145
11/1/2014
Thats the final amount !

Reply
834 Kiran R. Bage June 19, 2013 at 2:50 pm
I have submitted Form 10 D for my pention and has been received by office on 08.03.2013 . Ihave received pf claim. and in case of pension
web sight showing claim is under process. please let me know when i will get pension
Reply
Only RTI will help in your case !
Reply
836 krishna June 22, 2013 at 12:36 pm
Just to add to Point 4, at Rp 541 per month one will be investing only 6492 in a year in the pension scheme. So after ten years it will be
65000/-. When you say the amount in pension scheme is one lakh, you become already eligible for Pension ( at 6500/- ) per month.
However with the table that is there you are not loosing any money. So if you plan to remove the money after six years you are trying to protect
the capital as such.
Reply
Thanks for sharing that Krishna !
Reply
838 Rajiv Dutta June 25, 2013 at 5:34 pm
Hi, I need your advice. I had work in a company for more than 10 years and withdraw EPF but not EPS. Here my question is shall I get money
EPS money now, if not can I transfer this to current company or can I get certificate. Thanks Rajiv Dutta
Reply
Yes, you can get it transferred to new company !
Reply
840 sunita joshi July 1, 2013 at 2:03 pm
Hi Manish,
I have served in a company for 14 years at a stretch and now after leaving it, I want to withdraw my EPF and EPS. Will I be allowed to
withdraw my EPS, that is, my pension amount? I am less than 40 years of age.
If not, then when? Also, if not, then I should not fill up Form 10C for EPS, right?
Thanks!
Reply
Yes, it will be allowed, getting pension is an option, not a compulsion ! . File the Form 10C also and in next 4-5 months, follow up with
RTI once !
Reply
842 Shailley July 3, 2013 at 5:31 pm
Hi,
It was very informative.
However, now I would like to have your suggestion regarding the same. I have switched prev org after 2.5 years of tenure. Now should I get
the EPF+EPS transferred to my new organisations PF acoount or should I withdraw it?
Will the complete amount be transferred & how can I know the complete amount getting transferred?
Regards,
Shailley
106/145
11/1/2014
Reply
Get it transferred !
Reply
844 Ramesh July 5, 2013 at 10:33 am
Hi Sir,
I have started pf transfer from previous company to the present company . now situation is this that i have to leave the present company also
and my pf transfer is not yet completed. So please suggest what should i do when i leave the present company. Should i leave the company and
wait for transfer to happen and then close it or please suggest.
Reply
Not to worry . Leave this org and then re file the transfer papers .
Reply
846 Ramesh July 5, 2013 at 1:01 pm
thanks but the things i m going to do to my own things and that would mean i wont have the new pf account..So i just wanted to
ensure my understanding that i should not generate pf closer request until it get transfer to the new organisation pf account.
Reply
Ramesh
I suggeest filing a RTI in that case and asking them your doubts !
Reply
848 T R Mishra July 5, 2013 at 3:51 pm
whether the EPF deduction is applicable or statutory for contractual employees in Govt. or Govt. PSUs where there is no EPF acount.
Reply
They have their own kind of PF !
Reply
850 Pulkit July 11, 2013 at 10:48 pm
Hi, very informative. I have a query. I worked at my first company for less than 6 months. I then transferred the PF at that company to the new
companys PF account. I do not see the transfer of the pension part in my PF statement of the new companys PF account. Is that supposed to
happen or an error?
These are the two entries corresponding to the transfer:
01/12/2011 > Member VDR Serial No.-: 1 VDR CODE:TRANSFER IN (Old Member Id-:DLCPM0024754000)
01/03/2012 > Member VDR Serial No.-: 2 VDR CODE:TRANSFER IN INTEREST AMOUNT ONLY(Old Member Id:DLCPM0024754000)
Could you help me understand why there are two, and what the second one is for?
Many thanks.
Reply
Only a RTI application will be able to give you right answer on this
Reply
107/145
11/1/2014
852 Mohammed July 16, 2013 at 12:11 pm

Manish ChauhanI worked for a Telecom based company, the parent company in USA has gone bankrupt and the Indian subsidiary company shutdown the
operations without any intimation, there is no exit procedure for the employees, no Packages/terminations/form16 /signed PF document for 350
people include me.
I joined this company Sep 2008 and company shutdown on May 17th 2013.until today I didnt find a new job it might be take another 1 month
or so. Could you please let me know the process needs to follow to withdraw my PF money?
The questions I have are
1. We dont have employer signed PF documents
2. When can I request for withdraw?
3. Any taxes on withdraw PF?
4. Can I get 100% EPF and EPS?
Reply
I would say do not worry . What you should worry is Did your company pay your EPF money to EPFO or not? I would have filed a
RTI if I was in your place and have asked these things to EPFO
Reply
854 Mona July 18, 2013 at 11:53 pm
Manish, thanks! It was very informative.
Couple of queries:
1. As you mentioned, that a person who has never held a PF account can opt out of EPF scheme by signing form 11 Does signing form 11 by
any chance mean that he/she can never be a part of EPF scheme again?
2. If one chooses to opt out of EPF scheme Is he/she eligible to receive the employers contribution portion as part of his/her monthly salary?
Reply
1. NO you can join later
2. No .
Reply
856 Mona July 20, 2013 at 11:36 pm
2. But since the CTC given by most of the private companies includes the companys contribution towards PF then, shouldnt
this come as part of our salaries if we opt out of PF scheme?
Reply
Why MONA ? They offer it as part of CTC only when you are part of EPF ,else that component will not be there !
Reply
858 Naishadh July 25, 2013 at 6:36 pm
Good informative article Manish.
My query is if I take loan from EPF for constructing or buying a site, it will be non-repayable loan I believe. Can I make it repayable? If yes,
how and will there be any interest rate applicable? Is it wise to opt for repayable against non-repayable?
I think repayable is better as we get opportunity to invest in tax-free savings (i.e. PF interest).
Please clarify.
Thanks
Naishadh
Reply
I dont think so , there is nothing called loan in EPF as far as I know
Reply
108/145
11/1/2014
860 Shailesh July 29, 2013 at 1:23 pm

Hello Manish,
I quit my job on 16 April 2013 and applied for PF withdrawal on 11 July 2013. I got the PF money in my bank account on 24 July 2013. After
doing all my calculations, it looks like the PF department did not give any interest for the months of June and July 2013. Is that ok?
Reply
It might happen that EPFO settled your money around May (it goes to SBI) and then SBI makes you payment, so there was 2 months
delay there.
Reply
862 Shailesh July 29, 2013 at 5:32 pm
Hello Manish,
I applied for withdrawal on 11 July 2013 so EPFO could have not settled my account in May. My question is why EPFO did not give me
interest for the months of June 2013 and July 2013? I quit my job in April 2013.
thanks.
Reply
863 Anisha July 31, 2013 at 3:51 pm
Hi,
U mentioned that PF can be withdrawn for marriage / education / medical treatment.
Is it allowed only if we complete 7 years of service or can we withdraw before completion of 7 years ??
Thanks in advance.
Reply
I am not sure of the exact rule , but you will have to check for the rules in EPFO
Reply
865 Rekha August 2, 2013 at 4:09 pm
Hi Sir,
I have completed 9.4years in the present company, my total EPF is Rs.80413/-(incl both EE & ER)pls pls advise is it worth of
choosing pension scheme. If yes pls advise how much pension amt i will get per month.
Reply
You will get pension only once you complete 60 yr of age . Not before that .
Also the pension would be very small with this much amount, may few hundred !
Reply
867 B ANIL KUMAR August 1, 2013 at 9:42 am
My package is 8962 per month in that Basic is 6500. as per PF deduction(12%) deduction from my salary is 738 but my company is deducting
around 1500 that means they are deducting companies contribution also from our salary is it correct. as per my knowledge i have to pay 738
only and company has to pay remaining 738 but i dont know whats happening so kindly inform me is it correct or not if they are deducting
more where i have to complaint please inform it will be helpful to 150 employs
Reply
Most of the company include their contribution in the CTC mentioned . So nothing wrong in it . You accepted the offer
Reply
109/145
11/1/2014
869 Abhay August 6, 2013 at 2:56 pm

Dear Sir,
I am going to abroad (Saudi) for job and i have running EPF a/c , i wants to continue this a/c can this possible. Please suggest me , Thanks
Reply
No , it will be there for 3 yrs and then it will become inactive !
Reply
871 Abhay Nadgir August 7, 2013 at 11:30 am
Hi,
I shifted to new company after working for 4 years and I transferred my PF to the new companys PF account. My old company paid Rs
141012 (EPF 112857+ EPS 28155). The PF office transferred only Rs 133297 to my new account.
Can you please let me know why there is difference amount of Rs 7715?
Thanks,
Abhay
Reply
872 Abhay Nadgir August 7, 2013 at 11:59 am
Also, havent they calculated the interest?
Reply
Hi Abhay
I strongly suggest filing a RTI, because otherwise you will not get proper answer !
Reply
874 Ankur August 13, 2013 at 12:13 pm
Great article manish, very useful for everyone.
Reply
Thanks
Reply
876 ravindra Ghorpade August 13, 2013 at 6:14 pm
Dear Sir,
Recently i have left the company and i want to applied for pf withdrawal within 2 month.this can be possible or not.if possible then what is the
process for that..kindly help me regarding this because im very confuse.
Reply
You can get it only after 2 months . But even then the delay can happen and in case it happens , its suggested to take help of RTI !
Reply
878 Ram August 14, 2013 at 2:26 am
Nice information.. Specially the withdrawal for home loan.
Reply
110/145
11/1/2014
Thanks
Reply
880 Ramanan Menon August 15, 2013 at 7:57 pm
I had a break (retrenchment) in service in 1997. My date of Birth 24.11.1954. I claimed my pension during 2004 and I am getting Monthly
pension of Rs.874/=( period of service 1978 to 1997).
I joined another service during 1997 and retired November 2012. Can I claim /entitled for EPF pension of 1995. Are there any duplicity in
claiming both the pensions. Will the PF club both the pension entitlement and give a cumulative amount.
Please guide..
Thanks
Menon
Reply
Menon
Please open a thread to discuss here http://www.jagoinvestor.com/forum/
Reply
882 Ajit G August 15, 2013 at 8:55 pm
I have retired and am about to withdraw my EPF balance of Rs.75 lakhs. Which date is best to submit Form 19 to reduce loss of interest during
processing of my withdrawal application? Upto which date is interest paid? Please send advice to my email id gmajit@gmail.com.
Ajit
Reply
Anytime is good . It will anyways take months to get it processes. As the amount is high , expect the delays . but later please file a RTI
application !
Reply
884 Ajit G August 21, 2013 at 4:22 pm
I read that they will pay interest till the month of authorisation. And if authorisation date is after 25, interest for that month will
also be paid.
Please clarify.
Ajit
Reply
885 Gaurav Garg August 19, 2013 at 1:14 pm
HI Manish,
Thanks for a very informative post.
Just 1 query Your article informs that one can withdraw only once for buying a plot. I work for a private organization who maintains a PF
trust. Cannt I withdraw now and again if I join another company after a few years? Do the Trusts pass on this information to EPFO?
Please let me know.
Regards,
Gaurav
Reply
I am not very sure on that . Better check on our forum
Reply
887 Sundar August 19, 2013 at 2:54 pm
Nice Article.
I need to clarify the Fourth Point, about EPF/ EPS Money.
111/145
11/1/2014
As you said, 6500*6.4 = 41600 is O.K. But my Calculation as per Employers Contribution (541*12)*6 = 38952. But the Amount received as
Withdrawal is around 42 Thousand.
Is your Calculation is correct ?
Kindly clarify.
Regards
S.SomaSundaram HRD
Reply
there will be interest also . right !
Reply
889 SomaSundaram August 21, 2013 at 1:18 pm
Mr.Manish,
But the third point itself, the Article says that there is not interest for the EPS Money.
Kindly clarify.
Regards
S.SomaSundaram HRD
Reply
Ohh its EPS . I think you should file a RTI On this to get the exact answer. We will just be guessing here if I try to answer !
Reply
891 SomaSundaram August 22, 2013 at 10:04 am
Mr.Manish,
You are right.
I will try.
Regards
S.SomaSundaram HRD
Reply
892 Tushar August 22, 2013 at 3:44 pm
Hello Manish, thanks for great info,
I have question does paying EPF is mandetory for all orgnaisations i knw few they do not pay EPF for there employees.
Regards
Tushar.
Reply
Its compulsory for all companies more than 20 employees
Reply
894 Satish August 23, 2013 at 1:34 pm
Hello Manish
I have resigned from my present company and would be joining another soon. I have served 6.5 years of service here. Should I transfer my PF
account or withdraw it? Some people say it is better to withdraw and some say it s safer to transfer? What do you suggest me ?
112/145
11/1/2014
Reply
Its a choice . If you withdraw you will blow it for some reason !
If you transfer,it will not be easily in reach so it will be like compulsory saving for future. You decide !
Reply
896 niteen August 23, 2013 at 6:58 pm
That is such an informative read! Else EPF and EPS is like blackbox, and most of us doesnt know what lies inside!
Reply
thanks Niteen
Reply
898 Praveen Dehsmukh August 26, 2013 at 3:41 pm
I download EPF Member passbook today from http://members.epfoservices.in
but its shows record from 01/04/2011 to 04/04/2012 . how can I view records till current month.
Reply
Using RTI
Reply
900 Praveen Dehsmukh August 26, 2013 at 3:46 pm
I left the organization previous organization two months back and joined new company. Please suggest what will be beneficial to withdraw my
PF or transfer to new organization. In case of withdrawal will I get full amount and interest or there will be some loss.
Reply
Better transfer it
Reply
902 Shashank August 28, 2013 at 6:17 pm
Hi Manish, Appreciate the very good article by you. I have a query regarding TDS deduction on epf withdrawal. I worked for a little over 2
years and resigned in 09/2010, to pursue my own interest. Since then I have not withdrawn my epf. As I understand TDS is deducted on
withdrawal if there is no continuous service for 5 years (TDS is based on last salary tax bracket), Is there any way / rule by which I can prevent
the TDS (as in my case 30%) if I withdraw now or later in september i.e after more than 5 years of joining. Appreciate your response. Thanks
Reply
If you withdraw after 5 yrs of EPF account in existance , I dont think there should be any TDS cut . I left my job in Yahoo after 3.5 yrs
and there was no TDS cut . Who told you that there is any TDS cut ?
Manish
Reply
904 Shashank August 29, 2013 at 4:08 pm
Hi, Manish , Thanks for your reply, I have spoken to the person who is responsible for EPF withdrawal (epf trust managed by the
company) in my company and he told me that it doesnt matter as to after which time you withdraw 5yrs or 10 yrs, what matters is
your length of service, which in my case in slightly more than 2 year. Only TDS exemption would be there for employee
contribution part to the extent not claimed for 80c deduction. Do you know any specific epf rule that I can refer to them to claim
exemption? since TDS is a good amount to the tune of 2 lacs and I am apprehensive that getting it back from IT dept. is extremely
difficult.. regardsshashank
113/145
11/1/2014
Reply
No , in that case what he is saying is Final
Reply
906 manish Sahu August 28, 2013 at 11:14 pm
Hi,
I have one doubt,pls once confirm me, I had applied for PF A/c transfer from old company into my current company, I filled the application
form-13,and got transferred amount after long time of 9 months,But there is big difference in the amount while calculating and comparing the
amount with downloaded PF passbook details and given Annexuture -K details from PF office. As per my doubt is that while we are getting
transfer of PF amount on that same time they dont transfer out EPS amount. So please once confirm to me this.
Reply
The best thing would be to file a RTI and ask what was the procedure to calculate the amount.
Manish
Reply
908 manish sahu August 29, 2013 at 10:56 pm
Hi,
Pls confirm to me that EPS transfer also happen while we apply for the PF transfer. If this is not so what is way to apply for the
EPS transfer or withdrawl.
Reply
You have to fill up a seperate form called Form 13 . That is generally given to you by employer !
Reply
910 Somen Bhattacharya August 30, 2013 at 9:05 pm
Im working in Pune. Ive 3.1 yrs service record in Company when I left the company i.e. on 6th sep 2011. Ive send my PF withdraw form on
13th Aug 2013 but company has deducted
30.90 % tax from the PF amount and they are showing the cause that Ive only 3.1 yrs service record in Company thats why they are deducting
the tax, if I continue my job in Company for 5 yrs then the tax would not be deducted. But Ive submitted the withdrawal form after 5 yrs, still
the company is denying that. I like to know that whether they are correct in this issue or not. If they are not correctly saying then what can I do
to retrieved my deducted amount ? please let me know as soon as possible.
My PF A/C open Aug 2008 and left the company 6-Sep-2011, send my PF withdraw form on 13th Aug 2013.
Please share EPS calculation details.
Total service period 3.1 yr(37 Months). 541/- every month deducted.
Reply
You should have 5 yrs of SERVICE !
Reply
912 Somen Bhattacharya September 5, 2013 at 10:00 pm
5 yrs of Service is counted or PF A/C opening is counted.
Please share EPS calculation details.
Reply
It should be service period
114/145
11/1/2014
Reply
914 Somen September 7, 2013 at 1:51 pm
Hi, Manish , Thanks for your reply.
How much EPF amount i will get.
Reply
Somen
The best thing you can do is check your EPF balance through RTI first !
Reply
916 Purushotham September 3, 2013 at 11:59 am
Hi Manish thanks for the article. Very informative.
I have a tricky question lets say that i change the job now. Now I know there are two parts like EPF and EPS. What if I dont want to
withdraw EPF and transfer to next employer (as interest given to this) and JUST withdraw only EPS part as interest not given? Is there any
provision like that?
thanks,
Purushotham
Reply
No there is no provision like that .
Reply
918 Chinmoy Kumar Padhi September 4, 2013 at 10:08 am
Thanks Manish , for a such a wonderful and detail information.
Reply
Thanks Chinmoy !
Reply
920 Purushotham September 4, 2013 at 7:05 pm
ok thanks Manish.
That means either withdraw (i.e EPF and EPS) when I change a job or leave it continue. Lets say that I dont withdraw now and in the job I
have crossed 10 years if I change a job after 10 years can i withdraw EPF fully and they wont give EPS right?
Btw, how is this 10 years calculated is it total work duration or just the duration for which you have been member of EPFO with the existing
account?
Thanks,
Purushotham
Reply
The duration is your continuous service (of all companies) . You can withdraw EPS anytime .
Reply
922 Srinivasan September 10, 2013 at 6:53 pm
From what I have read, you cease to exercise the option of withdrawal of EPS after 10 years of service.
Reply
115/145
11/1/2014
923 Harish September 7, 2013 at 2:09 pm

Hi Manish,
I have worked for 35 months(2.11 yrs) in an organization, last month i have withdrawn the my EPF amount. My basic salary was Rs.6500 and
EPF for every month in Rs.780+ Rs.229(Employers share).
But, I want to know how to withdraw the pension fund amount , what form i have to submit. I had filled and submitted Form 19 and Form 10-c
during the claiming my EPF.
kindly suggest me
Reply
Its form 13 I guess
Reply
But, Form 13 is for For transferring the Provident Fund account of a member from one establishment to another establishment
covered under the act / scheme.
But, need to withdraw my pension fund, since I worked for 3 yrs only. currently I am not working so,,,,,
I request you to suggest me what i have to do to claim my Pension amount of Rs,18,900 .
Reply
But, Form 13 is for For transferring the Provident Fund account of a member from one establishment to another
establishment covered under the act / scheme.
But, need to withdraw my pension fund, since I worked for 3 yrs only. currently I am not working so,,,,,
I request you to suggest me what i have to do to claim my Pension amount of Rs,18,900 .
Reply
927 Venkat September 9, 2013 at 12:13 am
Hi Manish
I have went through your article regarding epf .It is really gud and i have learnt lot many things from it.
I have few questions please clarify me.I have worked in a organization from 28-JAN-2010 to 10-Jun-2013.
I am not working currently but i will be joining new org on 16-sep-2013 and i want to transfer the existing pf account to this new org account.
Below is my EPF Passbook stmt
Employee Share : 54468
Employer Share : 31285
Pension Fund : 21995
I want to pursue higher studies also if possible i will be going by end of january 2014.
I see that from one of your conversation Employee PF is taxable below 5 years and i would be getting less after TDS waiving.
So suggest me whether to withdraw the amount or take a loan on my PF amount and am i eligible for this loan amount so that i would not loose
my amount.
My last salary amount is 23,461 and my total work experience is 3.4 years.My question how much EPF and EPS would i get
as i did not understand regarding Table D and as u said TDS would be waived if PF is withdrawn below 5 years.
As per ur response for other people u said below 10 years of service only u can withdraw EPS and after 10 years
u will be eligible for pension and u cannot withdraw EPS.Please calrify me if my above statmt is right?
So if i withdraw now EPF and EPS amount and after my pursuing higher studies and after if i join new org
a) Can i use the same pf account as i dont know how many years this account will be if i do not use and
b) in the next org if i start working and after 10 years again from that time only will i be eligible for pension or the 3.4 years
before will be taken into consideration for pension liability so that in the new organization if i work for 6.8 years
then i would be eligible for pension?
116/145
11/1/2014
c) how many years of gap can be possible to use this same pf account again
d) As per ur replies we get partial amount of EPS and let me know what happens to the rest of the amount and when can we get back this
amount
and when i join new org and transfer this pf account will the remaining eps account would be transferred if i withdraw the epf and eps
amount as i stated earlier
e) My employer has given form 19 and form 10c for withdrawl?Are they sufficent for both EPF+EPS withdrawl?
Please suggest me how to use wholey my epf+eps amount for my higher studies i mean whether to withdraw or to take a loan
also clarify me loan is given on epf amount or epf+eps amount and where and how to apply for that process
One last query as u said after 58 years only u get pension amount and it clearly says that no interest on eps
so 541 * no of months we worked till 58 years = total eps and if i have not withdrawn till 10 years and i am liable
so do we get this total amount once or in monthly basis and also please clarify me as stated above if we take a loan
or withdraw PF regarding the liability again for pension amount?
It would be very helful for me.
Please clarify me on this .
Reply
PLease open a thread on forum to discuss this and keep your questions short http://www.jagoinvestor.com/forum/
Reply
929 Mandeep Singh September 9, 2013 at 3:02 am
Dear Manish,
In case some employees (contractual employee who sign employment contracts for say 4-6 months) do not want to be a part of the epf scheme,
how must the employer tackle this one. do they need to give any declaration etc
Appreciate your advise in this matter.
Reply
I am not aware about it . Please open a thread on our forum for discussing this http://www.jagoinvestor.com/forum/
Reply
931 Muneer K.V September 10, 2013 at 4:03 pm
Hi Manish,
i transffered my balance in previous PF account in to the new account, EPS contribution of my previous employer is not transffered in to the
new account.
why this amount is not transffered and how can i get the details of this amount?
Reply
DId you fill form 13 ?
Reply
933 Muneer K.V September 18, 2013 at 9:36 am
yes
Reply
934 Srinivasan September 10, 2013 at 6:50 pm
117/145
11/1/2014
Hi Manish,
Very Good article and quite informative.Need help with my understanding.
I was previously working in a company for 7 years.My Previous company had its own private PF trust and monthly contributions were credited
to this trust.
When I switched my Job, I had transferred my PF to my new company.On checking the PF balance on accession the EPF e-passbook , I could
see the amount towards employer and employee contributions being transferred but the contributions to EPS are nor shown?
My questions.
1. Does the EPS balance get transferred automatically when we request for transfer of PF?
2.If Yes, then why it is not updated in the EPass book?
3. If No, then what to do with the balance in EPS?
Reply
You need to fill up form 13 for that, but when employer gives you the forms to fill, they generally give that one too
Reply
936 Srinivas September 17, 2013 at 5:27 pm
Good information. I have one query which was not covered in your article. Where the pension part of the fund (i.e. 8.33% of employer
contribution) finally rest in after the death of the employee and his/her spouse. Will the corpus amount be given to dependants or not. Please
clarify.
Reply
WHen you apply for pension (when you fill up the form), you are asked the method , means pension with maturity sum to be given to
your family (in which case pension will be lower) or you want more pension, but no payment back ! . Its your choice !
Reply
938 Manish Sahu September 22, 2013 at 5:56 pm
Hi Manish,
I have received my PF amount transfer into new company PF account after 9 months.
But EPS amount is not get credited into new account.same thing i asked by PF grievance online but they are replying comments like In respect
of EPS, only service particulars will be informed through Annexure K for adding into your present account when your PF amount was
transferred and no funds will be transferred. There is no need to apply again for transferring EPS since the same has been added to your new
account since the pension/withdrawal benefit is based only of the number of years of service rendered.
So please suggest me how can i get transfer EPS amount into new account .
Regards,
Manish
Reply
Have you worked for continuous 10 yrs ? If yes, then you cant withdraw it now . I suggest take help of RTI now for asking anything
related to your EPF !
Reply
940 Manoranjan Mahakud September 23, 2013 at 7:57 pm
Dear Sir,
The article is wonderful and gives clarity on a lot of queries which any layman would have with respect to EPF. However I am still looking for
answers to one query:
I worked for an organisation for exactly 12 years and resigned. Now when I am trying to withdraw my EPF and EPS amount, I came to know
that I am not eligible to withdraw my EPS amount till I reach the age of 58 since my employer has contributed EPS for more then 10 years.
Now my questions are:
1. Can I withdraw my EPF amount?
2. What happens to my EPS amount and what is the process to withdraw this amount?
118/145
11/1/2014
3. Suppose I wait till I attain 58 years, then what is the process to withdraw the EPS amount. Do I still need to route my withdrawal application
through my last employer? What if my last employer cease to exist at that point in time?
4. How do I know how much is my EPS amount till date?
5. Under such a circumstance can I choose to withdraw my EPF and transfer my EPS once I get a new job? What will be the process then, what
all forms need to be submitted and whom do I route it through?
Looking forward to some satisfactory reply and help.
regards
M Mahakud
Reply
Yes, you can withdraw your EPF , but not EPS amount . You should file a RTI to EPFO asking for all numbers and queries. you will get
correct numbers from them .
Reply
942 pendse ajay krishnaji October 3, 2013 at 11:39 am
I am looking for purchasing of flat , i have some querries in mind , pl guide
1. I am withdrawing for thre first time from my EPF account
can i get withdraw total amount from epf ie emplyer stake and employee stake standing currently on my epf account approx amt . I have heard
some confusion in emplyer stake & emplyee stake
2. If so how much % can i get
Reply
As shared in the article itself
Reply
944 sanjay patidar October 5, 2013 at 10:50 am
Dear Manish,
Well done, u have collected a lot of information through efforts, Its a very nice article. True, very few no the rules of EPF.
With regards
Sanjay Patidar
Reply
Thanks
Reply
946 Milind Shah October 7, 2013 at 11:49 am
Dear Manish,
Very informative and exhaustive article.
Just wanted to know a couple of things. I had completed 2 years and 9 months when I left my job in August 2013.
1. How much EPS will I get? 2.05% or 3.1%. The amount accumulated in EPS is Rs.17853/- and my basic salary was Rs. 60000/2. If I withdraw this amount, the same will have to be offered for Taxation in 2013-14. Instead can I wait upto April 2014 and offer for taxation
in the new year?
Regards
Milind Shah
Reply
1. No idea exactly . But you should get what you have in your EPS at the moment
2. YOu should transfer it to new EPF , else it will be taxable
Reply
119/145
11/1/2014
948 yeoleyogesh October 10, 2013 at 11:04 am

Hi Manish,
I gone through your post and this is really useful information, thanks for taking initiative and all answers. I have also some queries about the
same.
Last month I have requested for PF passbook through member portal and this month I am able to download the PDF file where all the details
are mentioned about my account. I am working from last 5 years in current organization and this is my third company. In second company I
worked 3 years and transferred my PF into this current organization PF account, so 8 year balance available in my current PF account. I have
gone through your information and also with some of the question/answers flow. Following is the example for my closing balance as per the
passbook. Employee Share: 200000 Employer Share: 142000 Pension Fund: 31000
Now questions are
1. Can I withdraw the amount for my home loan repayment? If yes then how much max amount can be allowed to withdraw (excluding Pension
Fund)?
2. If I withdraw amount (excluding Pension Fund) before completion of 10 years then can these 8 years accountable for pension?
3. What is benefit apart from interest if I wait for next 2 more years so that I can complete 10 years.
4. If I apply for PF withdraw how much time it will take to complete the process. As per my above mention balance which form I need to
submit.
5. In my first company I worked only 4 months (After left the job within one year this company was shut down due to loss) and as per Salary
slip PF also deducted hence I went PF office to withdraw that amount but as per them the account is not online for this company and they are
not able to find out the my record, amount may be around 5K hence how can I withdrawal this amount? Company ka to diwala nikal gaya so
now no one is belong to this company. Please your advice really appreciated.
6. If I continue my PF account till 58 years and after 58 years still I will get only 3500 per month? (unless there is rule change by government)
Whenever you are free could you please take a look my big list?
Thanks much,
Yogesh.
Reply
Yogesh
Can you put these questions on a thread on our forum http://www.jagoinvestor.com/forum/
Reply
950 AVIK SARKAR October 11, 2013 at 12:39 pm
The post was very illuminative. I have one query though. I worked for @ years in a PSU where there was EPF scheme available. Now I have
joined another PSU where EPF scheme is not available instead we are enrolled under NPS (New Pension Scheme). In that case can I withdraw
my amount accumulated in previous company or I have to transfer it to my new Company??
Reply
You can either withdraw it or transfer it , you have both the choices !
Reply
952 shamshad rayan October 15, 2013 at 3:40 pm
Hi mnish
Can you til me EPF rules Wat time i wat time i flip the epf form
Reply
Not sure of your question ?
Reply
120/145
11/1/2014
954 Lalit Mohan Gupta October 17, 2013 at 5:39 pm

I have taken a house and paid money by arranging from my friends. Though i have already paid 100% amount, i am still to pay society charges
and get possession. Can i still withdraw under 5 clause of withdrwal mentioned here. I have completed 5 years of service.
Reply
But if the house is already bought, I dont think then you can get it .
Reply
956 Vivek Purohit October 21, 2013 at 6:00 pm
Hi Manish, Kindly see below my work history:
4 years 3 months - Org A (PF Transferred to Org C)
0 years 6 months - Org B (PF withdrawn while joining Org C)
1 year 6 months - Org C (Org A PF transferred to Org C)
Can I take PF advance for buying a flat from my PF account with Org C.
Reply
You cant . there has to be continuous 5 yrs of service
Reply
958 vipin October 24, 2013 at 3:22 pm
Manishji,
I would like to know further about EDLI. You said that it gives Rs. 60,000/-. How it will give. An EPF person ( subscriber ) dies while in
service normally or by accident . Kindly give your full advice.
Reply
it was an example EDLI is not always applicable , contact your company department on finance to know more on this
Reply
960 Venkat October 25, 2013 at 8:20 pm
Does any tax levied when withdrawing EPF (Irrespective of any number of companies you have changed and not withdrawn in previous
company switches)?
Reply
If its before 5 yrs of working , then it is part of your salary and taxed at slab rate !
Reply
962 Abhishek singh October 26, 2013 at 12:44 am
Hi manish
I have two queries
Firstly , what is the minimum working days requirement for opening an epf account..mi have worked in PSU but I dont know wether my PF is
opened or not..pay slip only shows amount deducted but not pf no.
Secondl I am joining a new Psu now since there was bond in previous psu I want to keep it un disclosed. .is there any chance that new
employer can get details of previous employer through PF detailsisnt it linked with PAN card no??
Reply
As I know, most of the PSUs have NPS account opened and not EPF account ! .
121/145
11/1/2014
Reply
964 Abhishek October 31, 2013 at 5:55 pm
Nice article. Informative. Thanks
Reply
Welcome
Reply
966 amin November 6, 2013 at 6:01 pm
sir,i had left one orgnasition in 2010 after 4 and half years and join new one.I had not withdraw or transfer pf. Just I have left second orgnistion
after 2 and 1/2 years and join new organistion. What I should do with previous both pf.?
Reply
YOu have both the options , If you are in need of money , better withdraw else transfer them to your new company !
Reply
968 Rajesh Nayak K November 7, 2013 at 12:07 pm
Hi,
I have got my PF transferred after lot of deliberations, visit etc. to PF office at Kandivali Mumbai to my present cos. Trust.
This money was lying idle (Rs.83666/-) with Kandivali Mumbai, which was transferred from my previous co. and no interest was accruing as
the same was not merged with my PF at Kandivali Mumbai. After lot of follow-up it was finally merged & transferred but with interest for only
3 years. This amount was lying with PF office at Kandivali for almost 6 years (Jul2007 to Aug2013) whereas inspite of transferring and not
withdrawing I have got interest only for 3 years, hence as against expected amount of Rs.1.38 lacs I have got only Rs.1.10 lacs. with interest.
Please let me know if i am within my right to get the balance interest as I have not got my PF withdrawn right from 1996 to till date ie. for
almost 17 years.
Reply
Yes, I think in your case, the transfer was not done by EPFO and thats their mistake. It the transfer would have happened (you would
have got all interest) , so its service failure. I am sure you would get the justice, but the only thing is you will have to now fight for your
right. I suggest file a RTI to EPFO on this first and then later go to consumer court on this . You will win but a little late
Manish
Reply
970 Rajesh Nayak K November 13, 2013 at 9:34 am
Great Manish ji . I really appreciate your sincere efforts in helping people which is a very noble cause Keep it up !
Thanks
RAJESH NAYAK.K
Reply
Thanks Rajesh
Reply
972 Rajesh Nayak K November 7, 2013 at 4:22 pm
Is interest applicable on PF for entire tenure of 7 years, during which period the amount was lying idle with the PF office, in cases where such
PF has been got transferred and not withdrawn. As I have recently transfered PF after 7 years (only due to inordinate delay from PF Office) but
interest is paid by PF office only for 3 years saying dormant account.
Please guide me.
122/145
11/1/2014
Reply
Yes, if account is inactive for more than 3 yrs, it becomes dormant and only interest given on it is for 3 yrs, but I think this rule came
only 2-3 yrs back . So you should have got even the 3 yrs interest after the news. File RTI to get answers from EPFO
Reply
974 Honey Malviya November 10, 2013 at 10:25 pm
Hello Sir,
I applied for PF deduction but its showing no record found on EPFO site.
What can be the issue?
Please accept and solve my query.
Thanks
Reply
Is your employer paying the EPF money regularly to EPFO department ? http://www.jagoinvestor.com/2013/06/is-your-companydepositing-your-employee-provident-fund-epf-money.html
Reply
976 Asha November 19, 2013 at 4:54 pm
Hi Manish,
I have been working for 9+ years and havent withdrawn PF when I changed the company. Can I withdraw only EPS and continue the EPF
part? If yes, what is the process.
Reply
I dont think its possible to just take EPS part , I suggest double checking with RTI !
Reply
978 Nitin Jain November 20, 2013 at 4:52 pm
Hi Manish,
I worked from 2007 to 2010 say in company A and then I joined another company say B in 2010. I worked in company B for 6 months and by
default they gave my PF amount after two months. I joined company C meanwhile. I transferred my PF amount of company A to company C.
Now I left company C in 2013. Now I have no job and want to start my own setup. Also I am planning to withdrawal my PF amount. So first
question is, for me PF amount would be taxable or not? and second is how much time it will take to get money? Please revert me back.
Reply
It will be taxable for you , because there was no continuous duration of 5 yrs working . Also it can take anywhere from 3-4 months to 1
yrs to get the EPF money . If it takes more than 3-4 months, file a RTI and ask the status of your EPF
Manish
Reply
980 Nitin Jain November 25, 2013 at 1:19 pm
Thanks Manish for addressing my queries
Reply
981 Raj November 27, 2013 at 2:50 pm
I am a working professional and I have my EPF account. What needs to be done with my EPF account & money if i plan to go for higher
studies? I read somewhere that EPF is only for salaried professionals, so I wont be eligible to make any contributions to this account for 2 to 3
years.
Would it b wise to start VPF at this point then ?
123/145
11/1/2014
Reply
Better withdraw it !
Reply
983 anitha December 1, 2013 at 11:21 pm
i m anitha from vellore i m previous employer of india infoline i was worked in the period 2006 2007 how to get my pf settlement kindly
suggest me
Reply
You have to fill up EPF withdrawal form .. but your company should assist you on that !
Reply
985 ModeLearner December 4, 2013 at 5:05 pm
I have heard that pension is given only to Government employees. I am working in a private firm and my PF gets deduceted every month. Am I
eligible for pension after my retirement? If yes, how should I calculate my pension amount per month?
Reply
Yes, but there are some conditions to that which is already discussed in the same article
Reply
987 Sujeeth December 12, 2013 at 12:05 am
Hi Manish,
I have worked in private company for 3 years. I left company 3 months back. However they were not paying salary properly and EPF amount
also. For 4 months i.e. from June 2013-Sept2013 they have paid only employees contribution not the Employers.
Now I want to withdraw my PF. Is it mandatory that for withdrawing do I need to wait untill my previous company pays the balance amount ?
If yes, is there any provision that I can pay the balance amount and withdraw EPF and EPS money ?
Thanks & Regards,
Sujeeth
Reply
You dont need to wait for anyone . You can surely withdraw your money right away and because employer has not submitted their own
share,you should also file a complain to EPFO on that and also complain to Police on this
Manish
Reply
989 Yogesh B January 2, 2014 at 7:56 pm
Hi All,
I have one concern about my EPF account. I gonna explain with example to got the exact point.
I was worked with one company C1 for about 3 years with EPF acc. PF1. Then I shift my job to company C2 with new PF acc. PF2.
Unfortunately, after being with company C2 for about 3 months, i have had to left the company C2 due to financial problem of the
company mgmt, so I again rejoined to my previous company C1 and told to continue my PF acc. PF1. Now my question is that:
1. Can I transfer amount from PF2 to PF1?
Reply
Yes, why not . you can surely do that. I think your EPF money amount must be very small in PF2, but anyways you can do that. I assume
you have not initiated transfer when you left company 2 , now better fill up the transfer form yourself and send it to EPFO !
124/145
11/1/2014
Manish
Reply
991 Yogesh B January 8, 2014 at 4:37 pm
Thanks Manish.
Reply
992 Nilabh Sharma January 8, 2014 at 3:35 pm
Hi,
I wanted to know if I can withdraw from my PF to pay for house loan. I have already withdrawn once for my marriage.
Reply
I guess you can do that .
Reply
994 Makardhwaj January 12, 2014 at 7:10 pm
Dear Sir,
Your article on PF is superb, too nice.
Its like a GAGAR ME SAGAR BHARNA i.e. complete information/fact in brief.
Thanks a lot Sir.
Reply
Thanks for your kind words
Reply
996 Wriju Bharadwaj January 13, 2014 at 10:11 am
Hi Manish,
Say I have a EPF account number available with me XY/333/SMPL/001199. How can I find out the EPS account number?
I recently spoke to a friend who had withdrawn EPF and EPS (through two different forms) where the EPS number was provided by the
employer in a pre filled form. When the same was submitted a reply came back saying the account number is wrong. BTW this is a private PF
trust.
Any thoughts?
Thanks and Regards,
Wriju Bharadwaj
Reply
Hmm .. Actually I am hearing this for the first time. All I knew was a EPF number, a EPS part is already attached to it . I mean its
mapped to it ! .
Reply
998 Nagesh January 16, 2014 at 1:05 pm
Hi,
I have the following queries:
1. In my 1st company I have worked for 3 years(Apr-2004 to Mar-2007), In my 2nd company I am working from May-2007 to till-date(Nearly
7 years). Now I have applied for transfer of PF from my 1st company. My question is will Pension amount get deducted from my pf account? Is
there any way to stop this?
2. If I withdraw the money from my 2nd companys pf account(after getting the pf amount transferred from 1st companY) will I be eligible for
pension. How will it work in this scenario?
125/145
11/1/2014
Appreciate your help over here.

Regards,
Nagesh
Reply
I dont think you will be eligible for pension because first reason you have not completed a continuous service of 10 yrs , and 2nd, it
only starts after you are retired !
Reply
1000 anilkumar January 21, 2014 at 3:30 pm
Hi Manish..
I am having one query..If i have worked in some organisation for 35 years and My contribution towards EPS scheme is 541 which is
maximum..
If I resigned from my job and applied for Pension after 58 of age..
Can i get lumpsum amount which I invested for EPS not in EPF & also Pension.
As per your detail, If any body worked in more than 10 years the EPS amount will be seased and elgible for pension..The amount which is
deposited is EPS, we didn,t get any intrest for that..
So As per my calculation If I Deposited 541RS monthly in RD for 35 years As 8% P.a Intrest I will get around 12 lakhs..The same amount
which I deposited in FD. I will get monthly around 7500 to 8000 monthly as Intrest..
But the EPS scheme is providing maximum 3200-3500 of Pension If the employee is Worked equal to maximum 35 years of service.
So As per My opinion Iam losing montly averagely around 3500-4000 minimum..
If I didn,t get Lumpsum amount for EPS that means they are do cheating with public..
Can u please tell me. Can i get lumpsum(with or without Intrest) amount and Pension na?
Reply
I dont think you will get lumpsum from your EPS part, but for EPF you will get it
Reply
1002 R.Ravi January 23, 2014 at 3:17 pm
Mr. Manish
I have completed 09 years 1 month in the job . I want to withdraw my amount can I get full amount from EPF
Reply
Yes
Reply
1004 raghav January 26, 2014 at 9:09 pm
i have taken the housing loan from EPF in the year 2007 for construction.
and also i have taken the housing loan from SBI bank on the same purpose.
a) Can i take the repayment of housing loan ( since still outstanding loan in their in SBI bank). I like to clear the same.
b) what all the document i Need to submit?
Thak U,
Reply
Hi Raghav
I suggest you open up this query on our forum for detailed discussion http://www.jagoinvestor.com/forum
Reply
1006 thiru January 27, 2014 at 4:03 pm
Hi Manish,
126/145
11/1/2014
I am working in a company for almost 3 years. I had informed my employer that i dont need EPF. But i would like to have now. Can you
please tell me how to approach my employer.
Thanks in advance.
Reply
Hmm .. I am not very sure on that part .I think the best thing will be to meet the finance team of your company, they will be able to guide
you on this
Manish
Reply
1008 Sathish kumar January 30, 2014 at 9:54 am
Hi,
Ive a doubt about pension formula that
Pension = (6500*35)/70
My doubt is why devided by 70 ?
what is 70?
Please clarify.
Reply
Thats just the number , its not a variable !
Reply
1010 Sathish kumar January 31, 2014 at 8:30 am
Hi Manish,
Thanks for your reply.
I know that its a number!
But why dont we divide by 40,50,60,80,90,100?
Im asking you the reason that why should divide by 70?
Please explain cause nobody giving suitable clarification!
Reply
I am not 100% sure on that number, But may its some expected age ! . Just a guess !
Reply
1012 Rahul Mukherjee January 30, 2014 at 11:03 pm
Hi Friends,
Could anyone guide me how to solve the PF issue at moment.I was working with CSC india when i got my PF transfered from Satyam and
Wipro Technologies.From Satyam computers employee share which is mine was transferred correctly while the employer share which
includesPF+PENSION, pension fund was not transfered.I submitted one form 13 to satyam while i was in CSC to get my pf transfered.I
downloaded my epass book from government of india and found that pension fund was not transfered .The same was the case with wipro.
Oct 2007I joined Satyam and left satyam feb 2010
March 2010 i joined Wipro and left wipro on may 2010
june 2010-joined CSC .I applied for PF transfer from both Satyam and Wipro.In both i submitted one 13 form for satyam and one 13 form for
wipro.Still the pension is not transfered ,only pf is transfered.
Could anyone guide me how to get pension fund transfer.I raised grievience with Satyam Computers concerned pf office and they gave the
answerThis is with reference to your Grievance registered vide Registration Number xx/xx/xx/xx
It is informed that after processing your grievance,the following action(s) has been taken:
It is informed that, an amount of Rs.xxxxx/- towards EPF was transferred to xx/xx/xx/xx through cheque NO.xxxx dated 05/01/2011 alongwith
the above AnnexureK (Transfer document) was also forwarded to the concerned PF office based on which the above amount and EPS
(Pensionable Service) which is furnished in the transfer documents were to be credited in your PF a/c to which the above details were sent. As
per the EPS rules, the service rendered by you in your previous & present spell of (EPS) service is the only requirement for pension eligibility
or for withdrawal.
127/145
11/1/2014
Therefore, we are closing your grievance from this office.Please quote the same in your future correspondence.
I also raised grievenece with Wipro (which has PF trust) and they repliedWe have received one form 13 and we have processed your PF amount and If you would like to transfer your Pension a/c to your new
employer, please send us one more form 13 transfer applications to the below mentioned address through your new employer, On receipt of the
same we shall process and transfer your Pension a/c.
1. EPF and FPF A/c No. is one and the same.
2. Please note that your PF a/c is maintained by Wipro Provident Fund Trust.
3. Trust address is as follows.
Wipro PF Trust,
EC 1, 3rd Floor, Tower 4
No 72 Keonics Electronic City,
Hosur Main Road, Bangalore-560100
whatever amount they have mentioned i check in my online epassbook that pension fund is missing while only pf part of employer share is
given.Please help me to get my Pension fund transfered.Also why reply from Satyam and Wipro is different
Regards,
Rahul
Reply
Hi Rahul
Your case seems to be complicated, but now you should use RTI as tool to find out information about the transfer of EPF and its status
Reply
1014 Suri Mangal February 10, 2014 at 9:48 pm
Greetings!!!
May I request if anyone can suggest me on my issue that I am facing with the withdrawal of my PF. I have been seeing status at the
http://epfoservices.in/claim_status and since Oct 16th 2013, I am seeing that my PF has been settled and getting this update: Claim Form 19
for PF Settlement AGAINST Member Account No (GNGGNxxxxxxxx) has been settled. Payment sent through NEFT). However, I havent
recieved anything yet in my bank.
Kindly help !!
Regards
Suri
Reply
Hi Suri
Seems like they payment is first done to SBI bank who then transfers it to final member ! , so you need to co-ordinate it with EPFO ,.
File a RTI on this and I am sure it will get settled pretty fast !
Reply
1016 muralidhara February 11, 2014 at 3:27 pm
How much maximum amount to calculate a Provident Fund for the employees?
Please reply
Reply
Not sure what is your question
Reply
1018 Jyoti February 16, 2014 at 7:44 pm
Hi manish,
I have one question, we have withdrawn our EPF for house down payment 4 yrs back, and my husband has completed 10 yrs of service. Are we
eligible for EPS after 58 yrs or can withdraw the amount as per our wish anytime?
128/145
11/1/2014
Reply
After 10 yrs of service, its compulsory to take pension, you cant withdraw it now . As far as my understaning
Reply
1020 Kiran February 18, 2014 at 4:09 pm
Hi Manish
Thanks for this useful information
If only 541 is going towards EPS than how much pension one can get from it
Reply
I have already mentioned about it in the article itself, did you not get it ?
Reply
1022 Kiran February 21, 2014 at 11:00 am
You have mentioned maximum limit 3250, but what is the actual amount as I guess minimum amount is 1000. so it can be
anything between this, but what are the criteria for calculation.
Thanks again for wonderful information.
Reply
1023 Jadeja Kuldip February 18, 2014 at 5:09 pm
How can i request for a e passbook on member portal or mail or sms ? and when i download it from member portal it shows only trancisation
up to nov-2012.
Reply
Yes, but thats a rotten system . do not rely on that. Use RTI to access the information from EPFO , its the best , but slow way !
Reply
1025 Jadeja Kuldipsinh February 21, 2014 at 11:06 am
I can not understand what u want to say ? Please explain in detail ?
Regards,
Kuldip.
Reply
I mean to say that the e-passbook website has lot of issue and they do not update the records . But if you use RTI , it will
give you 100% correct answer, but it will take 40-50 days, it will not be instant !
Reply
1027 Jadeja Kuldipsinh February 21, 2014 at 12:50 pm
ok Thanks for information. How can i use RTI ? Please explain in detail ?
Reply
You will get an idea here http://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Reply
129/145
11/1/2014
1029 Shan February 27, 2014 at 2:45 pm

Hi Manish,
I have initiated my EPF transfer online from my previous employer to my current employer. I dint see a provision in that online form to include
EPS for this transfer.
Will both my EPF & EPS amounts get transferred to my current EPF account?
Appreciate your help on this.
Regards,
Shan
Reply
I am not sure if EPS form was given to you or not . Please check with employer once if that was filled ?
Reply
1031 SHAN March 2, 2014 at 10:51 pm
No manish,
There was no option in Online application form to include EPS while initiating a transfer.
My question is if its not included part of online transfer, then how to transfer that amount to my new PF account. And the form to
be used for that?
My previous employer wont have it unless i fill that specific form and give them right?
Shan
Reply
I believe its form 13, which you can download from EPFO website
Reply
1033 SHAN March 3, 2014 at 6:32 pm
Hi Manish,
Got it confirmed from the finance team of my previous employer that, via Online transfer request, both EPF & EPS would get transferred to the
notified PF account. No need of applying via separate form.
Shan
Reply
Thats great !
Reply
1035 Nisrin Manva March 27, 2014 at 4:31 pm
Hi ,
i have recently resgined from my company post 10 yrs of service. i understand now that i can withdraw EPF and not EPS. Although for my
understanding, how much % from the the overall funds can i withdraw. Also how do i claim for EPS at age of 58?
Reply
Better open a thread for discussion at our forum for this http://www.jagoinvestor.com/forum
Reply
130/145
11/1/2014
1037 Sumit Bakshin April 2, 2014 at 9:19 am

After going through the complete article, it feels that there is no stone left unturned in this area of knowledge. I am very impressed with the
content provided in the thread and your helpful attitude Manish.
Thanks once again for this meaningful article.
Regards
Sumit
Reply
Thansk Sumit !
Reply
1039 Ashish April 3, 2014 at 9:48 pm
Hi Manish,
I came to US more than two years ago and since then there is no contribution to my PF. Now I work for a US company which obviously is not
contributing to EPF. Will it be illegal to withdraw EPF balance by stating that I do not have any job in India?
Can you guide which form I need to fill for this?
Thanks,
Ashish
Reply
Not at all, its perfectly fine to ask for WITHDRAWAL .. you might have to mention that you are now in US and want to withdraw your
job, it will be required by you to produce your VISA and also some proof of you being in US . just make sure you use RTI here for faster
processing if possible !
Reply
1041 Sanil April 5, 2014 at 5:32 pm
Dear Manish,
I understood for a site purchase I can withdraw 24 times of my basic salary or Accumulation, whichever is less. But one confusion
accumulation means only Employer contribution or Employee contribution also.
Could you please clarify.
Regards
Sanil
Reply
You will get your answer here http://www.jagoinvestor.com/2014/02/withdraw-from-epf-account-for-buying-house-marriageeducation-and-medical-treatment.html
manish
Reply
1043 Praneet April 9, 2014 at 3:06 pm
Hi Manish,
I have 4yrs of IT experience,
I am about to leave my current company.How much percentage of tax will be levied on my PF amount if i withdraw it.
Reply
It is based on your SLAB , there is no fixed rate, if you are in 30% slab, then 30% !
Reply
131/145
11/1/2014
1045 Bala Kishore April 19, 2014 at 5:00 pm

Sir,
In your point no. 4 above as per your calculations, if i leave the serve at 6 years, I will get 6,500 * 6.40 = Rs 41,600. And the contribution to
EPS as per your text will be maximum of Rs. 541 per month that means I am contributing 541 * 12 * 6 = Rs 38,952. Which means I am
getting more than what has been contributed to EPS. Then why you are making scary by your projections of taking assumtion of Rs. 1,00,000
to EPS etc
Reply
Thats just an example !
Reply
1047 Narinder Kumar April 24, 2014 at 6:10 pm
Thank you for such a informative article!!
I have a Q for which I need your help.
My actual name is Narinder Kumar whereas by mistake my employer has opened by account with PF department as Narinder Sharma!!
Now I have a concern that it might be create a problem for me at the time of withdrawal of my PF savings, as I dont have any Bank account in
the name of NARINDER SHARMA . Therefore I want to correct it in PF department. Im following up with my employer from last four
year for this correction but it is not yet corrected.
Please suggest that whether it will create any problem for me at the time of PF withdrawal? Or how can I correct my name in PF department?
Thx / Narinder Kumar
Reply
Yes, it will surely create a big issue in future. What you need to do now is file a RTI to EPFO asking for what you need to do here in this
case ! and then complete that!
Reply
1049 raj May 7, 2014 at 10:42 am
Great article it is.thanks a lot but i realised that i have made a mistake in terms of nont opting out of EPF on my first job. what if i
say to my next employer that i have opted out of pf from my first job n i dont want to be part of it how pf department will come to know
whether i am in job or not..
Reply
Raj
Do you have EPF or not ?
Reply
1051 Sukla Ray May 13, 2014 at 4:07 pm
Very nice article.
Now I want to know that what is the maximum amount I will get against a House loan or repairing of my existing house.In my Company
6500/- is the BASIC limit for PF and my basic is much higher than it.
Also pls provide the exact formula to calculate the interest .I have calculated cumulative interest at the present PF intt rate but the amount is not
matched with the amount shown in my PF STATEMENT.
Reply
Hi Sukla
Are you not able to calculate it using the numbers I gave in Article ? your PF department (finance dept) will be able to help you on this
Reply
1053 bhasker May 26, 2014 at 7:10 pm
Manish ji,
132/145
11/1/2014
i am working in pvt co. i had completed 7 years, in between i had purchased a plot in may name, for this i had taken a loan of 5lks, so i want to
repay the some principal amount of loan, can i withdraw from my epf account,
waiting for valuable suggestion.
Reply
I guess yes, see this article http://www.jagoinvestor.com/2014/02/withdraw-from-epf-account-for-buying-house-marriage-education-andmedical-treatment.html
Reply
1055 Ankit May 28, 2014 at 2:48 pm
what if my second company do not have PF procedure ??
Reply
In that case you can just withdraw your old EPF
Reply
1057 Mahesh June 2, 2014 at 3:38 pm
Dear Manish,
Truly informative. Eye opener. It also brings out what goes on in the EPF organisation at the cost of subscriber.
Thanks.
Reply
Welcome
Reply
1059 Raman June 4, 2014 at 1:01 am
x Dear Manish
I have quit my job during Jan 2014 , my age is 51 , iam with out a Job as of now , How do it withdraw all my PF Money please do mention the
steps thanks and which is the safest way of investment with ZERO RISK FREE thanks
Raman
Reply
Hi Raman
I would need to do a full article for explaining that .. better search for how to withdraw your EPF , and you will land on good articles
regarding that !
Manish
Reply
1061 Ravikumar G June 8, 2014 at 5:04 pm
Good article! Thanks for the information.
Reply
1062 Priyankar June 17, 2014 at 4:16 pm
Hi Manish,
Much beneficial article ..
I have left my presnt job in India & moving abroad.My questions are :
133/145
11/1/2014
1>will the interest payment will continue in my present EPF account,even if no contribution is there?
2> Will i need Employers suport(eg;Seal & Sign etc) on the withdrwal form after 4- 5 years? as the good contacts might not be there after so
many years.
3> In case i join back any indian firm after 2/4 years, will i be eleigible for pension payment sheme after 58years age ? i mean 6 years in
present organization, 4 years abroad & 4 years again in India -will this schedule qualify to meet the rule of 10 years of EPS ?
4> Can i transfer the EPF account after 4 years ?
Looking forward to your answers .
Regards,
Priyankar.
Reply
1. Only for first 3 yrs , after that it will become inactive
2. Yes, but in worst case you can withdraw without their support , because now you are unemployed , you can show that you left India
long and are now unemployed.
3. No
4. Yes
Manish
Reply
1064 Chetan June 18, 2014 at 5:40 pm
Dear Mr. Manish
You have mentioned 10 hidden EPF rules above. In this you have mentioned in rule 7 that One can opt out of EPF if he wants, the only
condition is that he should not be registered previously.
My query
1. In this case what about the employer contribution ?
2. Suppose if some employee is already registered in EPF, and he changes the job. Now his new salary is more than 6500. Can he decide not to
contribute to EPF. Is that possible ?
Reply
1065 A.R Ujwala sandeep June 20, 2014 at 2:14 pm
Dear Sir
I am holding an EPF Certificate with me. I am 43 yrs OLD.Current organisation has given me new PF account number. How do i Tag on this
new number to the certificate
Regards
Ujwala
Reply
I think you want to transfer the old account money to new one .. IN that case you will have to apply for EPF transfer !
Reply
1067 A.R Ujwala sandeep June 20, 2014 at 2:24 pm
Dear Sir
I would like to know if the organisation is allowed to deduct my constribution (employee contribution) as instructed by the employee. My
contribution will be more.
Regards
Ujwala
Reply
134/145
11/1/2014
I am not sure what exactly is your question ?

Reply
1069 Komal July 11, 2014 at 10:04 am
Hi Manish,
I have got my pf transferred to my new company and can see the PF balance (Employee + Employer) cotribution transferred. Service period @
old company 3 years.
But if I check member passbook of my new Employer I cannot find Pension fund amount transferred.
Can you please explain doesnt the Pension fund balace get transferred. If not where can I get the total amount accumulted in pension account.
Rgds
Komal
Reply
1070 Mrinal July 15, 2014 at 11:18 pm
Hi Komal,
Same thing happened with me and i think that the EPS Amount does not get transferred . I guess that you can still withdraw your EPS
amount by Filling Form 10C with your previous employer . Talk to the HR There , She Might assist .
Point 4 here http://www.epfindia.com/Forms/Forms_Instructions/Instructions_Form13.PDF
No fund under the Pension contribution is transferred until the establishment(s) is exempted under the Pension Scheme
Reply
1071 Komal July 18, 2014 at 6:57 pm
Thanks for addressing same. So in case I do not withdraw this amount it will be accumulated and considered in my final pension
calculation. Am i correct?
Reply
You will not see it, because its not upto date !
Reply
1073 Deivanai Ganesan July 22, 2014 at 12:38 pm
can we avail loan for Purchase of Plot/Flat once and repair of house once and closing of housing loan once. Here you have not mentioned
anything about education loans. Kindly confirm how many times an employee can avail loans in various category.
Reply
For purchase of plot and flat, only once in lifetime
Reply
1075 P.Ravikumar July 23, 2014 at 1:34 pm
Mr. Manish
I was appointed by an Partnership firm in 1988 as a Accounts &
finance Manager and retired by 31.3.2013, As per agreed terms of
appointment , the EPF was deducting by the employer at the
prescribed rates on entire salary amount irrespective of limitation of
Rs 2500 / 6500. The company was regularly remitting the same to to EPF along with equal contributions by the employer.
On 1.4.2011 there was change in the Management and following the
same procedure as above by remitting contributions.
The New management did not remitted the contributions since
they assumed office , which paid recently I,e. December 2013 against
the summons issued by the Asst Comissioner/ Enforcement Officer.
Now when I submitted the prescribed forms of 10D, form 19 duly filled
and signed by me , to the Management , not attesting the same and
willing to recover the excess contribution made on entire
135/145
11/1/2014
salary amount over and above Rs 6500 prescribed, is injustice

on their par and contrary against the understanding arrived at
inception.
Since 1 year I am suffering due to this , leading to fail in submit my
application to EPF either for getting the Refund amount and
Fail in submission of pension application to EPF because of their
changed attitude.
Pl suggest and guide me whether
< what is the procedure for claiming my refund and Pension amount ,
if the Employer denies to attest my applications
< Whether EPF / Court can issue any instruction against me t to reimburse the same or charge against the funds in my credit
with EPF.
< What are the Legal implications in it.
Kindly clarify the same.
Thanking You
P.Ravikumar
Reply
For the amount they didnt remit, its between you and company , It amounts to fraud and you should file a case on them for this .
Reply
1077 Srikanth July 27, 2014 at 7:17 pm
Hi Manish,
thanks for very valuable information.
I was served for 11 months in an organisation, They was forced me to resign the job due to recession. So i left the organisation 1 year back.
now i want to withdraw my PF can i get EPS amount along with EPF amount??
please confirm.
Reply
When you fill up the withdrawal form, you will have another form for EPF . fill that also
Reply
1079 P.Ravikumar July 28, 2014 at 12:48 pm
Mr. Manish
I was appointed by an Partnership firm in 1988 as a Accounts &
finance Manager and retired by 31.3.2013, As per agreed terms of
appointment , the EPF was deducting by the employer at the
prescribed rates on entire salary amount irrespective of limitation of
Rs 2500 / 6500. The company was regularly remitting the same to to EPF along with equal contributions by the employer.
On 1.4.2011 there was change in the Management and following the
same procedure as above by remitting contributions.
The New management did not remitted the contributions since
they assumed office , which paid recently I,e. December 2013 against
the summons issued by the Asst Comissioner/ Enforcement Officer.
Now when I submitted the prescribed forms of 10D, form 19 duly filled
and signed by me , to the Management , not attesting the same and
willing to recover the excess contribution made on entire
salary amount over and above Rs 6500 prescribed, is injustice
on their par and contrary against the understanding arrived at
inception.
Since 1 year I am suffering due to this , leading to fail in submit my
application to EPF either for getting the Refund amount and
Fail in submission of pension application to EPF because of their
changed attitude.
Pl suggest and guide me whether
< what is the procedure for claiming my refund and Pension amount ,
if the Employer denies to attest my applications
< Whether EPF / Court can issue any instruction against me t to reimburse the same or charge against the funds in my credit
with EPF.
< What are the Legal implications in it.
Kindly clarify the same.
136/145
11/1/2014
Thanking You
P.Ravikumar
Reply
1080 AJITH VS July 30, 2014 at 7:30 am
Hi maneesh,
Me and some of my friends are facing an issue.we have a PF number from our first employer 7 years back.we closed that pf account when we
shifted the job.But the first company is closed now.There is no possibility to get the previous details as company is closed and i have
FORGOTTEN the previous PF account Number.
Now the issue is like new employers are asking for the OLD PF NUMBER FOR BACKGROUND VERIFICATION.
Visited the PF Regional office but they are not providing the details
Is there any way to get my closed PF account number by providing the Company name and my details via RTI.
What are the documents i need to submit.
Please help as it is very urgent
Reply
File a RTI now with EPFO and give the rough details you have about the old company
Manish
Reply
1082 Anil August 1, 2014 at 11:59 pm
Hi,
Excellent info. Thank you very much for sharing this.
Regards,
Anil
Reply
Welcome
Reply
1084 Sandra August 6, 2014 at 12:42 pm
Hi Manish,
I really appreciate your article. This has been an eye opener. I have a doubt i would like to know can an employee pay on behalf of the
employer.
What if an employer makes us pay on his behalf. Is there any rule. Can there be something done.
Reply
If employer is deducting it from your salary, then it was mentioned as CTC part only . There is nothing illegal about it, just that you were
not have that much idea to check it at the time of joining !
Reply
1086 Ramesh A Golabhavi August 7, 2014 at 12:20 pm
Sir I am on 08/12/1999 joined as a co-operative bank worked upto 28/10/2008. That is an average of 9 years work done. But now I am
Preseitnly working in Souharda Credit Society, from 29/10/2008 till today. I am now 42 years old there have been a transfer the EPF account .
when I Resign the Job I will get the Pension amount or not Please inform me sir.
Reply
Yes you will get pension , but not at the time of resigning , but at the time of retirement only
Reply
137/145
11/1/2014
1088 Nitin August 7, 2014 at 5:57 pm

Hi Manish,
Your article is very informative.
I want to know what happens to EPS when we transfer our EPF from one company to another.
Does EPS also gets transferred ?
Reply
EPS has a seperate form, which also needs to be filled
Reply
1090 K Mehta August 7, 2014 at 7:57 pm
Hi Manish,
I am about to change companies. My query is that can I transfer the EPF part and withdraw the EPS past(service duration = 6yrs)
simultaneously, or is it that I either have to transfer both or withdraw both.
From the article & the Q&A below I gather that I can but just want to confirm.
Q1. So basically can I fill Form 13(Transfer EPF) and Form 10 C(EPS withdrawal) at the same time ?
Q2. Secondly since I will be transferring my EPF, hope this withdrawal of EPS will not affect the taxability of EPF, it still remains tax free.
Request you to kindly guide.
Reply
I have never seen someone do that, but just because both have 2 different forms, you can do that it seems
Reply
1092 Sombir Yadav August 8, 2014 at 5:48 pm
Dear Sir
am work in a company , but am not agree for epf and esic deduction, is it possible to produce an affidavit which is been useful to clear it my
liability as well as company too.
Reply
I am not clear what is your question here
Reply
1094 Vijay August 25, 2014 at 9:20 pm
Recently I submitted form 31, for purchase of site. I realized that my ask from PF is less than what im entitled to, is there a option to resubmit a
review form to modify amount advance that im eligible/entitled.
Reply
1095 Pritam kumar Ghosh August 25, 2014 at 10:39 pm
I & my mother have 50% share in our ancestral house.It has a home loan in our name.Now if I want to repay the loan by withdrawing money
from EPF,is that possible ??
Reply
Yes, you can do that !
Reply
1097 Tajinder August 29, 2014 at 2:06 pm
Under what circumstances can a company avoid paying / deducting the EPF contribution.?
138/145
11/1/2014
Reply
1098 P S Prakash September 1, 2014 at 3:30 pm
In 2008, I resigned from a central PSU after serving for 6 1/2 years, to joining another PSU. My application for recruitment with my present
employer was through proper channel from my previous employer. Now, I want to withdraw the PF accumulations with my previous
employer instead of transferring the same to my present employer. Both the PSUs have their own trusts managing the respective Contributory
Provident Fund. Is it allowed ? If so, how ? If not, pls let me know the rationale ? Regards
Reply
PF cant be withdrawn if you are employed !
Reply
1100 Deepa Dixon September 3, 2014 at 3:25 pm
Hi Manish,
My husband has a purchase agreement with a power for consideration agent towards purchase of a residential land. We have decided to
withdraw from the EPF for financing the purchase. But we have a lot of clarifications regarding the filling up of the new declaration.
1. Name and address of the owner of plot from whom agreement executed We do not know whether we have to provide the address of the
owner, or the details of the person holding the power for consideration as the document entitles him to sell the property to us. It is a registered
valid document. Please help
2. Can we withdraw from the PF for purchase of a dwelling site or is it mandatory to construct a house immediately? If so what is the time limit
for constructing a house on that site? Kindly advise.
3. Please note that this is just a residential property in a small town and in no way like the plots sold in cities. The area is 25 cents (approx. 4.5
grounds)
Deepa Dixon
Reply
1. It has to be address of owner
2. I think the money will come to your account, you will have to give the proof of buying
Reply
1102 sharad September 10, 2014 at 12:29 pm
hi Manish,
i worked with a private company for 13 months post that i abscond from the company. hence i dont have releaving letter with me and my
clearance was not done from company,however,is it possible for me to withdraw my PF now. If yes can you please guide me how i can
proceed.
i am already working with a company from 1.6 years now where i have not initiated my PF.
Please advise in need of money.
Reply
THis article will help you Sharad http://www.jagoinvestor.com/2012/11/withdraw-your-epf-without-employer-signature.html
Reply
1104 SHIKHA September 14, 2014 at 2:45 pm
Hi Manish,
I withdrew my EPF amount this year in January and received 70,000 after tax deduction of 8,000, as I worked for 3 years from 2004 to 2007. I
want to know if I can claim TDS since I am no longer working. If yes, can you please explain as to how can I claim it? I have form 16. Please
recommend a good site for IT claims. Thanks!
Reply
139/145
11/1/2014
No you cant claim it. Its the tax you needed to pay and it has gone . On the other note, I suggest check if you have paid full income tax or
something is remaining ?
MAnish
Reply
1106 VK September 16, 2014 at 1:50 pm
Hi Manish,
i completed 10 yrs in a org & i was hoping i will get my complete PF :-).. but i got to know that i will get no PF as its auto pension scheme :(((((( (huge disappointment)
will i get any money now ?
Reply
What is auto pension scheme ?
Reply
1108 reji September 16, 2014 at 3:11 pm
Hi Manish,
I have just completed my 10 years service with current organisation last month and this month I will resigning. Is there any provision for the PF
withdrawl?
Reply
Definitely. When you will leave the company . On the last day , the company will ask you for that. So at that time you fill up all the
forms and apply!
Reply
1110 Raju September 21, 2014 at 12:30 am
Dear Manish,
Thanks for the great article. Highly appreciate sharing the knowledge with all.
I have 12 years in EPF and currently my company has own PF trust. Now I have an offer to join a company where number of employees are
only 9 and hence they do not have PF. Could you please tell what are the options I have ?
1) Can I transfer EPF to PPF ? If I can transfer to PPF, can I take loan from that ? Is there any limit for transferring from EPF to PPF ?
2) Can the present company retain the PF for some more time ? If so, how long ?
3) What are the tax implications in different cases like withdrawal, EPF to PPF conversion ?
4) Can my current company give scheme certificate ?
Reply
1. NO , there is no relation between EPF and PPF
2. No idea on that.
3. If you withdraw it , there will be no tax as you have completed 12 yrs
4. That only your company can decide
Reply
1112 Ramanath Reddy September 21, 2014 at 12:40 pm
Sir,
Am recently recruited in Govt Sector..My Basic+DA is 28000/if i not opt for EPF then i get total salary including Employee&Employer
Contribution or not??kindly confirm it plzzzzz
Reply
140/145
11/1/2014
NO , in that case you will not get employer contribution

Reply
1114 Vinod September 24, 2014 at 11:19 am
Manish,
I need a clarification on Point 4. Although the EPS part does not earn any interest, at the time of withdrawal you will not lose any of your
capital. For an employee who has worked for 6 years in an organisation his contribution to EPS will be 6500*6, but during withdrawal he gets
6500*6.4 ( from Table D ). Can you please clarify this for me.
thanks
Vinod
Reply
I think its minimum of both amount ..
Reply
1116 Navraj Pokharel September 25, 2014 at 10:37 am
Sincerely appreciate you for the article.
Reply
Thanks !
Reply
1118 Huzaifa Cutleriwala September 28, 2014 at 11:23 am
Hi Manish,
I left my Job after completing 25 months of service and it was my first job and Applied for PF transfer and when i calculate my PF amount till
the time of leaving the job it comes to 24248 along with EPF and EPS, however when the amount is transferred and when i check the same it is
just reflecting as 20217. So where is the remaining amount i am unable to calculate the same.
Kindly help to understand the calculation because i havent withdrawn my money i transferred it.
Reply
It might happen that your company has not paid the full money to EPFO .. check with EPFO using RTI !
Reply
1120 Kaushik G October 20, 2014 at 12:38 pm
Hi Manish,
Thanks for the article. I have an EPF account, but I will shortly be joining the govt service. What is the best option to close the EPF account
or let the balance remain idle? If latter, what happens when no contributions received?
Thanks!
Reply
1121 Shiva Kumar October 24, 2014 at 8:14 pm
Hi Manish,
I changed my employer 6 months back and now i am planning to initiate PF transfer to new employer. I have a couple of questions.
1. When does the EPFO deposits interest for the year 2013-2014 (up to March 2014) to the existing PF accounts?
2. If I initiate the PF transfer now, will I lose the interest for 2013-2014 year or it gets deposited to new PF account automatically?
3. Given that UAN allotment is in progress is it a good time to initiate the transfer or should we wait until it is allotted?
4. I already received UAN for my old PF account and I think i will get another one from my new employer. I hope i should use the UAN
number allocated with new PF number since I plan to transfer old PF to new account. Please confirm.
Thanks
Shiva Kumar
141/145
11/1/2014
Reply
1122 ASHISH KUMAR SHARMA October 26, 2014 at 5:20 pm
Dear Manish Chauhan
First of all thanks for helping the people and for improving the knowledge about the PF system.
Sir I had a query:
1:I want to withdraw amount from my EPF. EE part is 185000, So how much I can withdraw. Years of service is 6 years.
2. I want to withdraw for buying a flat so what documents will they ask.
3. Time taken to withdraw the EPF and the process of withdraw
Reply
1123 Prakash Patil October 31, 2014 at 11:50 am
Dear Manish,
Thanks for the informative 10 points. I still have a doubt wrt EPS (Employee Pension Scheme), in case an employee has worked for 4 and 6 yrs
in 2 seperate organisations without canging his PF account, can he avail the benefit of getting Rs.3,500/- per month after his retirement ?
Reply
1124 wilson October 31, 2014 at 9:13 pm
I would like to know the procedure for withdrawal partially for marriage purpose.
Reply
Leave a Comment
Name *
E-mail *
Website
Submit
Register for email updates
Sign up
142/145
11/1/2014
Buy our Books
143/145
11/1/2014
16 Personal Finance P...

Rs.499
Rs.380
11 Principles to Achi...
Rs.499
Rs.400
How to be Your Own Fi...

Rs.499
Rs.380
Do you disclose your actual income to

your friends or relatives ?
Yes
Jagoinvestor.com All Rights Reserved
Disclaimer Google Plus
No
Other:
Vote
Polldaddy.com
jagoinvestor
79 videos
Subscribe
1K
SUBSCRIBE TO OUR VIDEO CHANNEL ON YOUTUBE

What part of your income goes into
expenses (including EMI) ?
80-100%
60-80%
40-80%
144/145
11/1/2014

20-80%
Below 20%
Other:
Vote
Polldaddy.com
145/145

10 Hidden EPF Rules - Employee Provident Fund

Încărcat de

Informații document

Titlu original

Drepturi de autor

Formate disponibile

Partajați acest document

Partajați sau inserați document

Opțiuni de partajare

Vi se pare util acest document?

Este necorespunzător acest conținut?

Drepturi de autor:

Formate disponibile

10 Hidden EPF Rules - Employee Provident Fund

Încărcat de

Drepturi de autor:

Formate disponibile

11/1/2014

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

1: You can also nominate someone for your EPF

2: One can get pension under EPF

Read all the old Articles Click here

10 hidden EPF Rules Employee Provident Fund

3: No interest is given on EPS (pension part)

4: You might not get 100% of your EPF money

5: You can invest more in EPF, its called VPF

6: Withdrawing of EPF amount at job change is illegal

10 hidden EPF Rules Employee Provident Fund

7: One can opt out of EPF if he wants

8: Your EPF gives you some life insurance too

9: You can use EPF money can be withdrawn at special occasions

10: You can file an RTI application for EPF issues

Conclusion on EPF rules

Get Free Help Now

10 hidden EPF Rules Employee Provident Fund

Tagged as: Best of Jagoinvestor, Most Commented Articles

Subscribe via RSS or Email:

What do you want to read about

Top Commenter Delhi, India

10 hidden EPF Rules Employee Provident Fund

Top Commenter Head of Search Marketing - SEO / SEM at

Manish Chauhan Author and Founder at Jagoinvestor 1,342 followers

10 hidden EPF Rules Employee Provident Fund

4 September 17, 2013 at 5:42am

Manish Chauhan Author and Founder at Jagoinvestor 1,342 followers

3 April 30, 2013 at 6:32am

Manish Chauhan Author and Founder at Jagoinvestor 1,342 followers

{ 1124 comments read them below or add one }

10 hidden EPF Rules Employee Provident Fund

Keep up this good job.

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

39 Manish Chauhan May 14, 2012 at 6:10 pm

10 hidden EPF Rules Employee Provident Fund

48 Paddu May 14, 2012 at 2:30 pm

10 hidden EPF Rules Employee Provident Fund

56 Paddu May 14, 2012 at 1:42 pm

10 hidden EPF Rules Employee Provident Fund

66 Manish Chauhan May 14, 2012 at 5:52 pm

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

87 Sundeep Gupta May 14, 2012 at 12:19 pm

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

Thanks a lot Manish for the valuable information

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

. So whatever is lower will be given to you . Another thing is that

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund

10 hidden EPF Rules Employee Provident Fund