PF Withdrawal amount and Employee Pension amount?
I hold a interview in connection with Provident fund renunciation. As per PF rules, approx. 20K be deduct from my pay for PF and equal amount be contributed by my employer. ( Which channel in that is total of 40K surrounded by my PF account). Now I own disappeared that company. Now, If I annul that money how much I would bring...40K or smaller amount..?
What will come to pass to Employee Pension fund amount ?
Answers:
Generally PF of member of staff kept surrounded by a portrayal.company contribution is divided into two parts and one part is put in the member of staff a/c (approx. 8.33% ) and remaining amount kept in member of staff income undertaking a/c.
Suppose you are resigning you obtain your contribution and 8.33% of company contribution. If you want to work surrounded by another company you can verbs the fund fittingly. Balance of company contribution can't find it very soon.
frm the institute u worked
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What will come to pass to Employee Pension fund amount ?
Answers:
Generally PF of member of staff kept surrounded by a portrayal.company contribution is divided into two parts and one part is put in the member of staff a/c (approx. 8.33% ) and remaining amount kept in member of staff income undertaking a/c.
Suppose you are resigning you obtain your contribution and 8.33% of company contribution. If you want to work surrounded by another company you can verbs the fund fittingly. Balance of company contribution can't find it very soon.
frm the institute u worked