Sandip Samanta (Self Employed) 19 September 2012
I've been working for a private organization for 22 months. During this period my employer has deducted Rs. 1,680/- per month from my salary towards my PF contribution.
Two months back I've resigned from this job and wish to withdraw my PF amount. Can anyone please tell me what amount I shal get if I submit Form 19 & Form 10C?
Regards,
Sandip.
A.SUMATHY 9380902017 (LAWYER) 19 September 2012
1680x2x22 = 73,920/- plus interest 8500 toataly 82,420
D.Kumar (MANAGER - HR) 22 September 2012
Out of 1680/- per month you contributed 541/- will goes to pension fund and
balance amount of Rs.1139/- will go to EPF.
Hence you get two cheques one from EPF and another from EPS
EPF may be roughly around 1139/- X 2 X 20 = 45560 + Interest
For EPS it is based on your no of year of service. it may be roughly
same amount.
I would suggest to take Scheme certificate in stead of EPS amount
as it would fetch you pension if you complete 10 years of service.
D.Kumar
HR Manager
Chennai
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
