If the individual has demanded tax exemption on EPF contribution for past years, as per Section 80-C, all 4 parts will be taxable. If the individual has not commanded tax exemption in the previous year on EPF, the employee’s contribution part will be tax-free at the moment of withdrawal...
Pension Withdrawal Benefit (Form10-C) and PF Part Withdrawal (Form31) from the their UAN Interface directly. This will reduce the EPF Withdrawal time from 20 days to few hours.
The same message you will get for Form 10C/Form 31 also. Both the PF amount and pension amounts will be credited to your bank account within 2-3 hours gap. In general, the maximum time for NEFT payment is 1 to 24 hours, But in EPFO case it is taking more than 2-3 days. What ...
If an employee is unemployed or retired, he/she can claim for EPF withdrawal. An employee can withdraw 75% of the PF amount after one month of unemployment and 25% of remaining PF balance after three months of unemployment. In order to withdraw your EPF amount, you need to make withdrawal...