EPF or PPF

Hello ,
I have change the company and now i want to withdraw my PF. I have completed 4 years and 10 months in my previous organization. My question is that will i be able to withdraw all my three coponents that is EE (Employee contribution) ER (Employer contribution ) and the pension amount.
Suppose my current EE Amoount is Rs 25000 and ER is Rs 7000 and rest is pension amount, will i be able to withdraw all the three component ..

Hi,
I have been working almost since 3 years now. I\’ll be going for my higher studies this july. So either I\’ve to close my account or keep it idle. So I wanted to get clarity on few things:

1) If I close my EPF account now, how much tax will I be taxed? Is it 30% flat? Or is the EPF corpus added to my annual income and taxed accordingly?

2) If its flat 30% doesn\’t it mean that I am actually losing a big part of my money?

3) Can I keep my account idle till I complete my studies(2 years later) and then activate it when I get a job?

4) Is there any provision where in I can keep depositing a nominal amount (VPF style) every year just to keep my account active?

Hi All,

I had worked in an IT Comapny for 15 months in 2005-06. Unfortunately, as I had to join the new company and relocate within a short span of time I could not complete the formalities for EPF Withdrawl.
However I would like to get the funds transfered to my current company EPF account where I have been working all this while. Please could anyone guide me how to go about it as I have been told that for EPF a/c’s older than 3 years one needs to directly apply to the Regional PF Commision. It that true?
Also advise if it is better to withdraw the ammount instead of transfer.
Many thanks in advance.

Hi,
I recently changed Job from Company A to Company B, in the same city. My EPF account through company A has been active since about 4 years. I worked for Company B for about 3 months and have left that Job and now I have taken a sabbatical for about a year. I could not tranfer the EPF balance from company A to compay B since they took time to remit my last month\\\’s contribution till the Full & final settlemet happened and by the time F&F was done, i left the job with Company B as well. Right now I have two EPF accounts and since last 2 months there have not been any incremental contributions into these accounts from any employers since I have left both the jobs.
My question is (1) what shouldd I do with my EPF account opened through both these companies? (2) Should I withdraw the money from the EPF account from company B and continue the Company A account till I take up any other assigment or withdraw money from both the accounts? (3) Will interest be accrued in both the acccounts till I withdraw the money? (4) What will be the tax impact on continuing or withdrawing the money?

Dear All,

I worked in One Organization for 5 Years & in the same per month my PF contribution is deducted from my salary.

But for that five years I will not get a single annual statement of PF Contribution till date.

I making constantly followup with the company & PF department for the same, but not geting satifactory answers from both.

As I left the organization, I filed RTI for the same in PF department, they says lot of documents pending from company side for clearing the company PF Account, when I confirm the same with company they says all documents are submitted to them as per thier requirements.

Now the said matter is in legal process.

Now, I want to know if employees not getting benifits of PF for more than 10 years, can company still maintain below rights from their side?

1 Still Deducting PF from employees

2 PF deduction shown in Form 16

3 PF Contributions shows under different heads in Annual Balance Sheet of Profit & Loss, under following heads:
* Employee Benefits
*Managerial Remuneration
*Annexure Refered to the auditors report of even date
*Schedule: Salaries, wages & other benefits

Please share any information if you have in this matter.

Also I want to know, can consumer court can help me in this mater against Provident Fund Department?

Regards,

Atul Nadkarni

I had an EPF account of more than 10 years, when i checked the status of the account online it was in-operative. Does anyone know the process to make it operative. Not sure if the organization which i worked for still exists.

Is opening a PPF account in ICICI safe?

Because ICICI is known to take hidden charges from cutomers.

If we compare a PPF account in ICICI and SBI, is there any difference?

Also in case we want to transfer a PPF account from SBI to ICICI/post office and vice versa is it a practically simple process? I know transferring is theoretically possible. But is it hassle-free or cumbersome?

Rs. 541 is getting deducted from my salary as pension amount every month. I have following queries related to this .
1. Does this amount also gets transferred with PF transfer from one Regional PF office to other?
2. When can we claim this amount?
3. How to claim this amount ?

Hi Everone,
Coming down to the point directly.
I am a lawyer by profession. I am working with an IT company in bangalore for 18 months now.
I am leaving this (IT company) job and am going to join a Law Firm from next month.
There will be a change in my status as a taxpayer with this new changed job profile.
I am going to be a RETAINER from Salaried Employee (i.e,. my existing status).
I do not want to use my PF amount as of now but I am not sure how can I continue contributing. PLEASE NOTE: My new employer will not pay me for my PF (most probably) since they won\’t treat me as my IT company did (i.e., as a salaried employee).
Please let me know your thoughts on my possible modus operandi henceforth. Thanks in advance.

If both the parents have their PPF account, Is it allowed to open additional PPF account under minor\’s name.