House building advance and withdrawl from provident fund

mukesh Gupta (Querist) 24 November 2011 This query is : Resolved
Hello,

I want to know the correct position on the following:

1. Whether an emloyee can draw the HBA as well as provident fund for the same property?

2. If yes, what will be the limit of the amount?

3. Whether the limit of the total drawl could exceed the limit of HBA?

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Shonee Kapoor (Expert) 25 November 2011
Ask your department. There should be a limit of overall withdrawl from PF which is 80%.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Guest (Expert) 25 November 2011
Dear Mukesh,

Please indicate whether you are in the Central Government service or a State Government service and whether your services are governed by the GPF rules or CPF/EPF rules?

Rajeev Kumar (Expert) 25 November 2011
Agree with above experts

mukesh Gupta (Querist) 25 November 2011
Dhingra Sir,

I am in PSu and we have EPF in our company. I will be grateful of you if u can give me the details in both the cases i.e. epf and Gpf. Pls also clarify the difference in these both scheme.

Raj Kumar Makkad (Expert) 25 November 2011
Under EPF the limit of deduction is 12% on the maximum limit upto the wages of Rs. 6500/- whereas the CPF prescribes 10% of basic wages.

Devajyoti Barman (Expert) 26 November 2011
Yes agreed...

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