Provident fund is the right of every employee in our country. Provident fund is sourced by the employer and is often deducted from the salary of the employee. When an employee leaves a company to join another company, the employee is supposed to withdraw the provident fund. Or the employee ...
The FIR further mentioned that the amount deducted from the salaries of workers as employee share of PF contribution “has not been remitted for crediting in the accounts of the employees as PF/Pension Fund contribution within the mandatory 15 days of close of every month for the period 0...
1952. An employee receiving a basic salary of Rs.6500 must contribute to EPF. As an EPF, 12% of the basic pay of an employee is deducted from the salary on a monthly basis as a contribution
You can file evasion complaint agains them with the RPFC. It is immaterial if they have returned contirbution to you. You have been depirved off:- (1) interest on contribution (2) employer share and interest thereon (3) qualifying period for pension. ...
#3. Employee Deposit Linked Insurance SchemeThis scheme is for all the PF account holders. According to it, 0.5% of the salary is deducted from the life insurance premium. #4. Long-term goalsThere are many long-term goals such as Marriage or higher education that require the urgent availabi...
Solution:You need tofill both Form 19 and Form 10Cto withdraw your complete amount i.e. Pension + PF. Multiple PF Numbers If you have made a withdrawal from your latest PF number and made atransfer from your old PF numberthen you would still be having some amount in your PF. However,...
One can withdraw a lower amount of the following: 1) 3 months of Basic wages and Dearness allowance. Check your Payslip for basic salary and Dearness allowance. 2)75% of EPF Corpus amount till now. The amount standing to the credit in EPF includes employee’s share, employer’s share ...
Calculating EPF Amount To calculate your contribution: Total Contribution = 12% of (Basic Salary + DA). Factors to Consider: Basic Salary: The core salary before any allowances. DA: Dearness Allowance, which is a cost of living adjustment. ...
Even by gathering some other informations,we came to know fraud done by above company for employees about PF/Esi,etc. that company has deducted mentioned from employees salaries by wrong PF numbers and ESI numbers.So thus these all deducted amounts credited in company's account somehow.This can...
Basic Monthly Salary ₹ Current Age Retirement Age Your contribution to EPF % Employer's contribution to EPF % Current Rate of Interest % Total Maturity Amount ₹ 52,11,482 Avoid tax lossesTalk to a CA Now! What is EPF? The Employee Provident Fund (EPF), is a particular retirement ben...