My son was working in a IT firm for last three years.Now he has resigned and is doing MBA.After completing MBA in next 2 years he may join another firm. Should he withdraw PF from his old company or it would be automatically continued in his new organization two years later? more
You can withdraw it fill 15G/ 15H form to safe yourself from TDS deduction. However even if TDS is deducted, you can claim for refund in ITR filing more
Better not to withdraw. As he has not completed 5 years of employment either continuously or in part, the withdrawal is subject to tax as per the slab. After completion of MBA hopefully he may be employed. In such case the same PF account may be continued by giving full particulars to the new employer. During such time, the PF balance continues to earn interest which is a good return now. more
Dr.Mr.Singh If  your Son is joining for a Job in future, please collect the complete details about EPF account from the present employer and produce the same to the new employer then the existing account can be continued. Please make a detailed enquiry about this with the concerned EPF office. G.BADARIVISHALMYSORE02-09-2016 From: RAVI PRAKASH SINGH To: gbadarivishal@yahoo.co.in Sent: Wednesday, 31 August 2016 7:03 AM Subject: New post "My son was working in a I..." in [myEPF] more
EPFO should consider shutting down and allowing us to transfer our accumulated EPF corpus to NPS. It's taken 6 months to merge my brother’s old EPF because a DA clerk was transferred, and the...
I have withdrawn my eps from previos employer.After that I served with new employer for about 9 years and my eps contribution was deposited.After retirement I want to withdraw this additinal 9years...
EPFO Takes 15-20 Days for PF Withdrawal Shouldn’t Take More Than 2-3 Days in 2024 Pay Compensation of ₹5000 Per Day if Withdrawals Delayed by Lazy Sarkari Babus
My retirement has only 4 months. Before retirement I would like to settle my all-personal loans having @12.2 lacs. But I have only source is PF which is now accumulated more than Rs. 32 lacs. Shall...
Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book? Such delays also cause financial loss to members who have to do a final withdrawal...
EPFO has now allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the ‘actual basic salary’ towards pens...
Dear Respectable Members, I am not sure what guidelines OR procedures to get higher pension from EPF/EPS. I am having only News paper information, that is 6th May 2023 as last date to su...
After recent retirement, I had applied for full PF-amount-release, which was subsequently shown as settled. On the EPF Portal, it shows as - "Your Claim [ Claim Id - xxx ] has been Settled. P...
By Indrajit Mukherjee
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