i am a member of PF and deductions are being made towards PF since 1997. Due to change of employment although PF accumulations got transferred and reflected with the current employer's statement, EPS being deducted are not reflected in the current statement. I am not able ascertain as to how much has been accumulated in my EPS account till date as i have completed almost 25 years of service till date. Can someone guide me as to how can i get the information. more
If you have transferred your EPF with each job change then your current EPF account will be having the total no of years contribution data . You will be getting pension as per that . However with the current capping that will be mere 2000 to 3000 rupees per month . But since you are contributing from 1997 , you can get a higher pension as per the active SC ruling . The final verdict is still awaited but that ruling might go both ways . In case of no change in the active ruling or employee favoured verdict , you may have to pay a significant percentage of the employer contribution corpus to get the higher pension more
EPS is not shown in pass book when the balance is transferred. The department will note only previous service of employment from Annexure-K being sent by transferor epfo.( as eps contributions are fixed i.e.@8.33% on basic wages). The eligible pension is calculated basing on last epf wages and total period of service in years by a formulae. Hence epfo contributions are not visible in pass book when it is transfered from previous employer. only pf contributions are only transfered and total period of service is recorded in epfo portal more
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...
Earlier I applied form 10D offline at RPFO cuddapah (AP) for pension claim on superannuation. There was no response for verification of scheme certificate for about 3yrs. Finally I could get verif...
On Monday, EPFO announced that all the eligible members of the provident fund body can now opt and apply jointly with their employers for higher pensions till May 3, 2023. Earlier, the deadline for...
MORE IMPORTANT IS RULE, APPLIED ON US FOR LATE PAYMENTS. EPFO ,LOOKS LIKE AN ADMINISTRATIVE INSTITUTION, NOT SERVICE SECTOR. THEY SHOULD PAY. WE SUFFER FOR LATE PAYMENT.THEY CARE FOR NONE.EVEN BAN...
When a payment for advance tax is made late, we have to pay a penal interest to the government. Here EPFO has delayed interest credit by 11 months. Shouldn't they be liable to...
Hi my friend has been working in a multinational company for the last 12 years in Gurgaon. His PF account was created by the company however when my friend checked the details, his surname was ment...
I am 57 yrs and quit my organization, in Oct'2022, having worked there for 12 years. Employer deposited final PF contribution on 11-Nov'2022. As per rules, I wanted to withdraw my PF aft...
By Indrajit Mukherjee
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