Q1) What is the Contribution for Provident Fund both by the Employer & Employee?
Ans : The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer.
Q2) Is it Compulsory for the all the employees to contribute to the Provident Fund?
Ans : Employees drawing basic salary upto Rs 6500/- (Rs. 15000/- from 01.09.2014) have to compulsory contribute to the Provident fund and employees drawing above Rs 6501/- ( (Rs. 15001/- from 01.09.2014)) have an option to become member of the Provident Fund .
Q3) Is it beneficial for employees who draw salary above Rs 15001/- to become member of Provident Fund?
Ans Yes because provident fund contribution by the employer & employee is not a taxable income for Income Tax purpose.
Q4) What if an employee while joining establishment has a basic salary of Rs 11200 and after some period of time his basic salary increases above Rs. 15001/-, does he have an option to terminate his member ship form the Provident fund act?
Ans : Employee who while joining the organisation has a basic salary above Rs 15001/- have an option to either become or avoid becoming member of Provident fund but employees whose basic salary while joining the organisation is less then Rs 15001/- but after some period of time their basic increases above Rs 15001/- have to compulsorily continue to be member of provident Fund.
Q5) What is the contribution percentage to the Provident fund and Pension Scheme?
Ans : Employers contribution of 12% of basic salary is totally deposited in provident fund account Whereas out of Employees contribution of 12% , 3.67% is contributed to Provident fund and 8.33% is deposited in Pension scheme.
Q6) Which form has to be filled while becoming member of provident fund?
Ans : Nomination Form No 2 has to be filled to become a member of the Provident fund, form is available with HR department.
Q7 ) Which form has to be filled while transferring provident fund deposit ?
Ans : You just have to fill form no 13 to transfer your P.F amount.
Q8 ) What is the provision of the scheme in the matter of nomination by a member ?
Ans : Each member has to make a nomination to receive the amount standing to his credit in the fund in the event of his death. If he has a family, he has to nominate one or more person belonging to his family and none other. If he has no family he can nominate any person or persons of his choice but if he subsequently acquires family, such nomination becomes invalid and he will have to make a fresh nomination of one or more persons belonging to his family. You cannot make your brother your nominee as per the Acts.
Q9 ) When is an employee eligible to enjoy pension scheme ?
Ans : For an employee to become eligible for Pension fund, he has to complete membership of the Fund for 10 Years.
Q10 ) What does it mean by continuous service of ten years ?
Ans : When we say continuous service of 10 years in Employee Pension Fund, we mean to say that during services, for e.g., an employee who has worked with X company for say 3 years, then he resigned from that organisation and joined Y company, wherein he worked for 2 years, then resigned from there to join establishment for 5 years but during these 10 years of service he has not withdrawn but transferred his Employee pension fund, then we say continuous service of ten years.
Q11 ) When can an employee avail the benefit of Employee pension fund scheme which he has contributed during his ten years of continues service /
Ans : An employee can avail the benefit after completion of 58 years of service.
Q12 ) What happens to the provident fund & Employee Pension fund if an employee who wants to resign from the service before completion of ten years of continues service?
Ans : Employee can withdraw the PF accumulations by filling Forms 19 & 10 C which is available with the HR department.
Q13 ) What is this 19 & 10C form ?
Ans : Form No 19 is for Provident fund withdrawal & Form No. 10 C is for Pension scheme withdrawal.
Q14 ) Do we get any interest on the amount which is deposited in the Provident Fund account?
Ans : Compound interest as declared by the Govt. is given for every year of service.
Q15 ) What is the accounting year for Provident fund account?
Ans : Accounting year is from March to February.
Q16 ) What are the benefits provided under Employee Provident Fund Scheme?
Ans : Two kinds of benefits are provided under the scheme-
a) Withdrawal benefit
b) Benefit of non -Refundable advances
Q18 ) What is the purpose of the Employee’s Pension Scheme ?
Ans : The purpose of the scheme is to provide for
1) Superannuation pension.
2) Retiring Pension.
3) Permanent Total disablement Pension
Superannuation Pension: Member who has rendered eligible service of 20 years and retires on attaining the age of 58 years.
Retirement Pension: member who has rendered eligible service of 20 years and retires or otherwise ceases to be in employment before attaining the age of 58 years.
Short service Pension: Member has to render eligible service of 10 years and more but less than 20 years.
Q19 ) How much time does it take to receive P.F & pension money if an employee resigns from the Service?
Ans : Normally the procedure for receiving P.F & Pension money is , the employee has to fill 19 & 10 c Form and submit the same to PF Desk , which is then submitted to the P.F office after two months, this two months is nothing but a waiting period as the rules are that an employee should not be in employment for two months after resigning if he has to withdraw his P.F amount. After completion of two months the form is submitted to the regional provident fund Commissioner office after which the employee receives his amount along with interest within a period of 90 days.
Q20 ) Do we receive money through postal order ?
Ans Previously there was a procedure wherein member use to get P.F through Postal order but now While submitting the P.F form withdrawal form you have to mention your saving Bank account No. & the complete address of the Bank where you hold the account.
Q21 ) How would I know the amount of accumulations in my PF account ?
Ans : PF office sends an annual statement through the employer which gives details about the PF accumulations. The statement contains details like, Opening balance, amount contributed during the year, withdrawal during the year, interest earned and the closing balance in the PF account. This statement is sent by the PF department on completion of the financial year.
Q22 ) Which establishments are covered by the Act ?
Ans : Any establishment which employs 20 or more employees. Except apprentice and casual laborers, every Employee including contract labour who is in receipt of basic salary up to Rs. 6500 p.m. (Rs. 15000/- from 01.09.2014) is covered by the Act.
Q23 ) In case after registering the establishment at any point in time, the number of employees working in it becomes less than 20 then will the Act apply ?
Ans : Any establishment which has been covered under the Act once shall continue to be governed by the Act even if the number of persons employed therein at any time falls below 20.
Q24 ) Is the Act applicable to a factory which is closed down but is employing a few employees to look after the assets of the establishment ?
Ans : No, Where the establishment is closed down and only four security men are employed for keeping a watch over the assets and properties of the establishments, the Act would not be applicable.
Q25 ) Is a trainee an employee under the Act ?
Ans : Yes, a trainee would be considered as an employee as per the Act but in case the trainee is an apprentice under the Apprentice’s Act then he/ she will not be considered as an employee under this Act.
Q26) Is it possible to appeal the orders of the Central Government or the Central Provident Fund Commissioner?
Ans : Yes, there is a body called as Provident Fund Appellate Tribunal where an employer can appeal.
Q27 ) Who is the authority to decide regarding the disputes if any ?
Ans : In case there is a dispute regarding the applicability of the Act or the quantum of money to be deducted etc. the authority to decide are the
i) Central Provident Fund Commissioner,
ii) any Additional Provident Fund Commissioner,
iii) any Additional Central Provident Fund Commissioner
iv) any Deputy Provident Fund Commissioner
v) any Regional Provident Fund Commissioner or
vi) any Assistant Provident Fund Commissioner
Q28 ) What in case there are workers involved as Contract labour ?
Ans : It is the responsibility of the Contractor to deduct the PF and submit a statement to the Principal Employer in the prescribed format by 7th of every month. The Company becomes the Principal Employer would be responsible for the PF deduction of the workers employed on contract basis.
Q29 ) Are the persons employed by or through a contractor covered under the Scheme ?
Ans : Persons employed by or through a contractor are included in the definition of “ employee ” under the Employee’s Provident Finds Act, 1952, and as such, they are covered under the Scheme.
Q30 ) In case the Contractor fails to deduct and submit the PF amount from the contract workers then what is to be done ?
Ans : The Company being the Principal employer is responsible for the PF to be deducted from the Contract workers as well. In case the Contractors fails to deduct and submit the PF dues then the Company has to pay the amount and can later on recover the amount from the Contractor.
Q31 ) Could the employer be punished in case the remittance of contribution by him is delayed in a Bank or post office ?
Ans : Employer cannot be punished or penalized in case there is a delay in the remittance of the contribution on account of delay in Bank or post office.
Q32 ) What happens in case there is a salary revision and a raise in the basic salary of the employee and arrears need to be paid, Do we need to deduct PF from the arrears as well ?
Ans : Arrears are considered to be emoluments earned by the employee and PF is to be deducted from such arrears.
Q33 ) Is it possible for an employee to contribute at a higher rate of interest than 12 % ?
Ans : Yes, if an employee desires to contribute an amount at a higher rate of interest than 12 % of basic salary then they can do so but it does not become obligatory for the employer to pay anything above than 12 %. This is called voluntary contribution and a Joint Declaration Form needs to be filled up where the employer and the employee both have to give a declaration as to the rate at which PF would be deducted.
Q34 ) What is the interest on the PF accumulations ?
Ans : Compound interest as declared by Central Govt. is paid on the amount standing to the credit of an employee as on 1st April every year.
(Compiled & Edited by CA Sandeep Kanoi with Inputs from EPFO website)
(Article was first Published on 30.11.2011 and republished with amendments on 15.01.2015)
Hi sir, my pf no.is mh/tha/43037/061470 . I have applied for the p.f in oct,14 and still haven’t recieved anything.
Can you please help me in checking the status and the total amount I am eligible to recieve.
Your earliest would be appreciated. thanks.. sahil setia
Sir
The employer not accepted my resignation.how to get my provident fund.its a private firm and i leave my job 3 months back and applied for my pf attested from the bank manager because employer refuse to attest it.The PF office said that firstly given us the resignation letter accepted by employer then we release your pf.suggest me what i do ..
My friend had left a company (based in New Delhi) and joined in a School (based in West Godavari District of Andhra Pradesh). The first company is almost non-existant. Now how to transfer the PF A/c from Delhi based Company to Andhra based School. He has been alloted UAN of PF. Can the work be done by approaching the PF office in Andhra instead of going all the way to Delhi
Dear sir,
I m working in pvt ltd company from April 2007 to till date . My question is that employer is not deducting my pf as per act I m eligible for pf deduction . I want to ask how can I take benefit of my pf from company. Nd what punishment for employer decided by government as per act.
What are the relevant provisions applicable to the employers for filing of Monthly, Quarterly or yearly returns.
Thanks for valuable compilation.
Keep it Up.
Ca Vaneet Bhatia
I am proprietor of one firm and I want to pay epf monthly challan in my personal bank account (not in my firm bank account) so tell me can I pay EPF monthly challan in my personal account
Sir,
In a private organization with is minimum period after that i can withdraw pf.
Hi,
I had applied to withdrawal the PF amount from my PF A/c; As per PF passbook
(downloaded from members.epfoservices.in) there are 03 amounts (i.e.. Employee Share, Employer Share & Pension Fund) are displaying. I want to know which amounts from above would be receive to me?
Thanks –
Shivam Tiwari
Im left job serco b.p.o pvt. Ltd. I’m no idia how get my EPF.in this company so pls send a mail how to getting my EPF pls guys I need for this time because I havent job.because I’m study on higher classes in it field related course.I’m working on 3year in this company.
Dear Team,
I left my job on December 2007, now can i claim my provident fund as i was out of India.
Now i am back…are there any risks involved while withdrawing my p.f account.
my name is meraj
i have no idea to how to receive my pf to company. i have first time to job and no idea to epf rules and regulation. so i apply to HR department so many time to pf request but not solve my problem. i don’t no my pf number and employee id. so tell how to deal with us.
Dear Sir
I worked for icici bank they have there own pvt trust .i left my job 4 years back now i have sent them all the documents relating to my.provident fund claim but now after50 days they are informing me that i got some personal loan and there loan team will contact me shortly.
please guide me can they uphold or recover my pf claim amount this way.
Thanks®ard
Sunil Gupta
i have a company in a city; but having it multiple plants in an area with same name, then it is necessary to registered these all in pf office?
is it compulsory to allowed increment to every employee ,whether profit or not for the company
An employee of a contractor cut EPF 12% deposit is 5% ,Then the penalty is the answer please
Dear Sir,
Tell us that if i changed 3 to 4 organizations with out transferring or with drawing the PF amount but i completed 10 years of service with out any break,if my tenure may be less than 05 years in all organizations,if i want to with draw all PF amounts is am i need to pay TDS @30.9%?
dear sir
pls tel to us
regarding pf with draw im 35 working SAM company in last 3 years,now i can with draw my pf balance.incase i withdraw my pf balance then.can i eligible for another new pf account,
sir
I have not withdrawn my PF pension fund (Form-10c)of previous service of 2005. Now can I include the previous with present PF account? Previous PF amount already withdrawan by Form-19.
Hi I don’t know my pf no. how will I get the same, as the company I was working with is closed now. And there is no. relevant doc available with me.
Sir,
I want to know whether our employer or employee can change Date of Birth any personal in employee provident fund organisation wrongly/mistake during UAN KYC uploaded can change for correction. What is the procedure pl. tell me i will be thankful to you
dear can we revise salary format, current format my company is Basic 60%, DA 20%, HRA 20% now we want revise salary format Basic 50% HRA 30% Conv. 800 Special allowance (Balance amount) Please advise that ;-
1. Can we revise
2. EPFO accept such type of revised format
3. which type of question will be raise by the EPFO
Thanks
Mithilesh Jha
I HAD WORK IN A COMPANY FROM LAST 10 MONTH BUT I NEVER GET THE ACTUAL AMOUNT OF SALARY WHICH WAS DECIDED WHILE JOINING. MY PENDING AMOUNT OF SLARY IS STILL THERE HOW I CAN GET MY PENDING AMOUNT OF SALARY BEFORE LEAVING MY JOB
SIR,
I HAD WORK IN A FIRM SINCE FROM FEW MONTH I NEVER GET MY SALARY WHICH WS DECIDED. ALWAYS SOME AMOUNT OF SALARY IS REMAINING PENDING, I JUST NEED HELP HOW I CAN I GET BACK MY REMAINING PENDING SALARY
Sir/Madam,
i resigned my job in march 2014.
now i’m working in another organisation.
unfourtunately i didnt apply for PF (appro 1 lakh) ontime.
if i apply now (after 8 months)what is the possibility to get the same amount? and when can i get?
I had given notice to my employer (State Bank of India) on 12.05.2014 for voluntary retirement w.e.f. 01.09.2014, well in advance i.e. 3 months ahead. An Exit Interview was arranged for 19th June 2014. I was not informed whether my voluntary retirement was accepted or not even till the last day i.e. Saturday 30-08-2014.
I was later sent a letter by special messenger on 02.09.2014 that my retirement had been accepted by the competent authority subject to condonation of extraordinary leave (93 days) but the effective date was not mentioned. It is wrong to say that I have availed 93 days of extraordinary leave as, everywhere in my monthly pay-slip(s), leave statements and bank’s computer system it appears that I am eligible for 75 days of leave encashment. The management, on basis of obsolete manual records has arbitrarily deducted approx.1,83,000/- out of my EPF account against deduction of salary for 93 days instead of paying for 75 days of salary.
The Gratuity amount due on 01.09.2014 was paid to me on 10.09.2014 and the residual EPF amount was paid to me by way of cheque on 30.09.2014. Is it fair?
Can they deduct or recover any amount in dispute out of my total payable EPF amount without my consent?
Can I claim interest and damages for the delayed period of payment of Gratuity and EPF amount?
Please guide me as I am in great loss of approx. 4 lacs.
Ashok
i did job for 6 month from march 11 to aug 11 and resigned after that i could not withdraw pf i am joining new company can i face problem please suggest me
hi
i am doing 4.9 months job then i resign
if we are going to withdraw payment then pf amount & pension amt when we will recd after submitting documents to pf office
– See more at: https://taxguru.in/finance/frequently-asked-questions-related-to-employees-provident-fund.html#comment-1277981
hi
i am doing 4.9 months job then i resign
if we are going to withdraw payment then pf amount & pension amt when we will recd after submitting documents to pf office
Sir,
I do not know if this is a proper site to ask my question, as I am very desperate to know. Sir, my boss is habitual in routine deduction of my salary in different excuse for his side income and I have told him many times not to do that but he doesn’t listen so now I want to put some Article and Act in my petition to take up some action from the higher level and I have no knowledge for the Article and Act for this petition and without Article and Act it will be helpless so I therefore request your benign help.
I would like to know that in case of recovery of interest and damages for delayed EPF payments, how many years back can the department go to recover the same. For example can they recover the interest for delayed payments of 2002 or 2003 in the current year 2014 ?
Hi Recently i got to know that my employer is not paying PF from last 5 months when i asked him regarding this he is just ignoring my words.. Please kindly help me.
Is there any option to claim his or her employee provident fund if the employer( HR Dept) hold his or her claim form in their office ?
Is it possibile to withdrawl some amount from PF while working?
Sir, There are many pvt ltd organisations in India which gives rough salary to the employees and takes their sign on acctual salary docments during the salary distribution but don’t gives them their accutal salary. If the company is not giving the acctual salary which is mentioned over company’s documents or govt department document records, then what should i do?
Hi,
What will the PF amount & calculation if the basic salary is more than 30000 Rs. Please revert with break up of both employee & employer
sir my sister recetly died.she was married about two months back.she is state govt employee.hig school teacher.but she not changed nomination under nps scheme can her parents claim nps?
Can we keep the amount in PF department after retirement if yes the how many year & can we get the interest on this amount …??
sir
how can i change my bank a/c no. in employ providend fund.
Hi,
Please let me know if contractor has paid delay of PF & ESI then principal employer was anything liable.
Thanks you
Hi sir,
My total experience is 8 years in curent organizatation. I need to withdraw the money. Please explain the procedure to withdraw the money before completing 10 years.
Hi,
I have worked for 8 months in ABC start-up company and in my salary slip they have not mentioned my pf number but pf used to get deducted every month.I have requested my manager to provide me my pf number after 6months of leaving my job and also while I was working but Manager said it will be given later.But still i have not received any reply.
If my previous company does not provide my pf number..how can withdraw Pf amount and suggest me where i can get help to sort all this issue?
And am I eligible to withdraw PF amount?
Kindly suggest some solution asap…
Dear Anyone
Please tell me that we can deposite the previous year epf challan as 2010-11, if yes please tell me detail asap.
Thanks
I AM WORKING AN ORGANISATION BY CLERICAL MISTAKE 2 PF ACCOUNT NUMBER FOR SAME PERIOD. NOW I WANT TO CONSOLODATE THE SAME. WHAT IS PROCEDURE AND HOW MUCH TIME CONSUME FOR SAME IF ANY PAPER FORMALITY PLS.SUGGEST.
THANKS
02 employer an employee could work here? What is the rule of his provident fund? Contribution of both employer may be deposited into the same account?
why do employer wants to create their own employment provident fund?
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Dear Sir,
Previous woriking for pharma co as a Executive from feb 2008 to may 2014 Presently iam joined new pharma co may 2014 new company also providing the Pf Transfer facility. My Question Can I Transfer my PF Amt Or Withdraw the Amt which is benfit for me.
Please kindly suggest me
Regards,
Shreenivas Jakkani
What is the present pensionable salary for computing pension
as per Union Budget ?
Is it INR 6500 OR INR 15000 ?
hi ,
i have one dugout any other employee without pf and esi working in company their means that process is possible or not .possiable means any other forms their means tell me