Pf withdrawl

This query is : Resolved

sandeep (Querist)
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29 June 2012 Hi,

If I leave the company & decided to withdraw my PF.

Will there be any deduction from my actual PF contribution.

e.g. My Contri 5000 + Employer 5000= 10000

Will I get 10000 or will there be any deduction & if yes how much.

CA Guru M

CA Guru M (Expert)
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29 June 2012 Hi Sandeep,

As per provision of Act, you will be eligible to receive your contribution+employer contribution+Interest at 9.5% pa.

And there will not be any deduction from above amounts.

Note that for PF administration 1.6% will be beard by emploer.

Hope your doubt is cleared.

B Ravi Kumar ACMA, MBA, M Com

B Ravi Kumar ACMA, MBA, M Com (Expert)
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30 June 2012 Out of employer contribution 8.33% will or 541 whichever is lower will be paid towards EPS. You should claim refund of both, if you are not joining any other company.

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