Hi, I have withdrawn my EPF after a continuation service of more than 4.5 years which I quit because of my employer's decision to close down the business. I received my money last year after deducting precisely 10% from the accumulated funds. I did not receive any settlement document to see on what account 10% amount is withheld? The same is also not reflecting in my TDS statement for the FY 2015-16, request your opinion how to track this amount! more
The PF authorities has correctly deducted 10%. You can claim the TDS in you rtax filing Further you need to file the withdrawl amount in your return as salary. I can guide you but it is prudent to consult your tax advisor to file the income tax returns . This is quite complicated . more
From you statement it is given to understand that the amount refunded is withoudt TDS but 10% less to your contributions. Your CPF contirbutions are having two components. Employee and employer contributions. EPS contributions to the of 8.33% of basic pay out of employer's contributions is recovered and the balance, if any, is credited to your EPF account. So the amount received by you is after deducting EPS contributions and and not TDS. Hope it is clear to you. You may approach the EPFO for giving you certification for deduction of EPS (Pension contributions). more
You will need to get Form 16 to understand the details of amount earned and TDS amount deducted - Form 16 is required to be issued by deductor .Since this Settlement took place 2015-16 , your employer/ PF trust would have deposited the TDS amount with government and you should refer to Form 26AS in income tax site to satisfy yourself . more
EPFO Takes 15-20 Days for PF Withdrawal Shouldn’t Take More Than 2-3 Days in 2024 Pay Compensation of ₹5000 Per Day if Withdrawals Delayed by Lazy Sarkari Babus
My retirement has only 4 months. Before retirement I would like to settle my all-personal loans having @12.2 lacs. But I have only source is PF which is now accumulated more than Rs. 32 lacs. Shall...
Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book? Such delays also cause financial loss to members who have to do a final withdrawal...
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...
By Satyapal Singh
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