PF Withdrawal Forms

PF Withdrawal Forms Nov 2018 – All about |PF Withdrawal Forms| |Claiming Withdrawal Benefit| |Form 10C| |Form 19| |Form 15G| |Form 15H||EPFO UNIFIED Portal||Provident Fund Forms| |Claim Form|. All about EPFO Withdrawal Forms online.

Its mandatory for every employee who’s want to withdrawal pf money from pf account to fill for 10c and form 19.

Form 10C is the primary form to be submitted for claiming the benefits under the employee pension scheme. The contributions made by your employer towards your PF account is segmented into EPF funds and EPS funds. The part of the contribution from your employer that goes into the EPS scheme can be withdrawn by using Form 10C.

PROCESS TO FILL ONLINE PF CLAIM FORM 10C

Employees’ Provident Fund Organisation (EPFO) provides a four page for 10c to withdraw PF amount from EPF Account:

The first page asks you for details like:

1. Employee Name
2. PF account number
3. Date of birth
4. Father’s name and/or husband’s name
5. Employer address
6. Joining date with employer
7. Reason for leaving and date of leaving
8. Complete address

The second page of the form will ask for details including:

1. Mode of remittance
2. Particulars of family/nominees
3. Date and signature, and some more details pertaining to age and account details for remittances

For the third page which deals with advances, you will be asked for the following details, among others:

1. Sum received
2. Date and signature
3. Details of wages and period of non-contributory service of member

PROCESS TO FILL ONLINE PF CLAIM FORM 19C

The Claim Forms No. 5IF, 10C, 10D, 19, 20 and 31 (including UAN Forms 19, 10C, 10D and 31) stands withdrawn.

Application for grant or renewal of a (licence to sell, stock exhibit or offer for sale, ordistribute) drugs specified in Schedule X
1.
 
I/We………………………………..of………………………..hereby apply for alicence to sell by *wholesale/retail drugs specified in Schedule X to the Drugs andCosmetics Rules, 1945. We operate a pharmacy on the premises, situatedat…………..2.
 
**The sale and dispensing of drugs will be made under the personal supervision ofthe qualified person mentioned below:-(Name)……………………………….(Qualification)………………………(Name)……………………………….(Qualification)………………………3.
 
Name of Drugs to be sold.4.
 
***Particulars of storage accommodation.5.
 
A fee of rupees………………….has been credited to Government account under thehead of account……………….Date………………………. Signature……………….

EPFO Pension Scheme – Work on doubling the pension

EPF Pension Scheme

EPF Pension Scheme – All about Employee Pension Scheme|National Pension Scheme|EPFO Portal|Eligibility for Pension|withdraw pension contribution from PF|pension contribution in PF. Preparation for minimum pension 2000 rupees, EPFO doing doubling of pension.

The employees who have a PF account are deposited by cutting 12 percent of their salary. In the same proportion, companies also deposit PF, EPS, insurance scheme in the same proportion.

The central government can increase the minimum pension from Rs 1,000 to Rs 2000. EPFO is doing double the pension. It is hoped that the government can take a final decision on this draft before the general elections. At the moment, in 2014, the Cabinet had reduced the minimum pension to 1000 rupees per month for one year, whose period was extended for 2015 indefinitely.

Prior to the 2019 Lok Sabha elections, the government wants to get doubled pension to those retired employees, who receive pension under EPFO’s EPS-95. The EPFO will take a decision within a week on the government’s proposal.

If this proposal is passed, then the government will have an additional burden of Rs 3,000 crore. Due to the doubling of pension, about 40 lakh people will get the benefit.

The government has Rs 3 lakh crore in pension fund, out of which 9 thousand crore rupees are spent under EPS annually. The pensioners have been pressurizing the government to make the pension between Rs.3000 and Rs.7500.

PF Benefits for Employees

PF Benefits for Employees Nov 2018 – All about |Employees Provident Fund| |PF Benefits| |Benefits to Employees| |Advantage| |Disadvantage| |EPF Withdrawal Rules| |EPF Rules & Regulations|.

EPFO has said that the money of the provident fund is for social security and people should not use it as a bank account. The organization said that we want to tell all the members that if they are very important, then take complete clearance.

The account is that which is meant for the job profession. In this, your employer deposits a certain amount from your Basic Salary (currently 12% in current time) to PF account. This amount is determined by the government and the employer deposits it by adding 12% on its behalf. 8.33 percent of the employer’s percentage goes to the Employee Pension Scheme (EPS). In this, you get 8.65% interest on your investment. You can withdraw EPF money after leaving your current job or add it to your new job. For this, now every account holder gets the UAN number.

The retirement fund body introduced a composite form (Form 11) which will help in the process of automatic transfer of provident fund when changing jobs. Typically, both the employer and employee contribute 12 per cent of basic salary towards EPF. An employee’s 12 per cent contribution goes toward EPF kitty, while 8.33 per cent out of the total 12 per cent of the employer’s contribution is invested in EPS or pension scheme. The balance 3.67 per cent is invested in EPF.

Benefits to Increase Monthly Contribution in PF

According to the Employee Provident Fund Act, any member of the EPFO can increase his monthly contribution in PF. Every month PF’s basic salary and DA’s 12 percent employee’s contribution goes. The company’s contribution is only 12 per cent. Any employee can increase their monthly contribution. It can also be 100 percent of basic salary.

Investment period: 28 years

Monthly Contribution: 12%

Current Returns: 8.65%

Annual increase in salaries: 10%

Total PF Fund: 1.24 crore

Note– This calculation is done at 15,000 rupees basic salary.

How to Double your PF Amount

If Shyam Prasad raises his Monthly Contribution Basic salary from PSE to 12 per cent from 12 per cent, his PF fund will double. Apart from this, they will also get the benefit of compounding so that their fund will grow faster. If Shyam Prasad pays his monthly contributions to PF from 12 per cent to 30 per cent, then his PF fund at retirement will be 28 million and 28 million. In this way, they can almost double their PF funds.

Investment period: 28 years

Monthly Contribution: 30%

Current Returns: 8.65%

Annual increase in salaries: 10%

Total PF Fund: 2.28 Cr.

Note– This calculation is done at 15,000 rupees basic salary.

DOCUMENTS REQUIRED FOR ONLINE REGISTRATION

  1. Scan copy of Pan Card of Factory/Establishment/shop and Employer.
  2. Details of Employees and their monthly salaries
  3. List of Partners, Directors and their Details.
  4. Scan copy of Bank Account Details of Factory/Establishment/shop
  5. Scan copy of Factory or Establishment License or Certificate of Registration of factory or Establishment.
  6. Digital Signature of Proprietor/Director/Partner
  7. Scan Copy of cheque of Company’s Bank details.

EPFO subscribers can avail the facility of withdrawals for the purpose of, purchase/construction of house, repayment of house, illness, higher education, marriage etc.

EPF Benefit for MGNREGA Workers

EPF Benefit for MGNREGA Workers June 2018 – Now MNREGA laborers will get the benefit of EPF, will go into account. The working class will also get the benefit of the EPF. The government will now give the benefit of the EPF to the laborers working under the MGNREGA scheme and have also issued guidelines to the village development department and all its regional offices.

Actually, the Government has issued guidelines to the Village Development Department and all its Regional Offices to give the EPF benefits to the working people under the MNREGA scheme.

Employees and laborers working under the MNREGA scheme of Central Government will also get the benefit of the EPF. The Employees Provident Fund Organization Delhi gave directions to the Department of Rural Development and their Regional Offices in this regard.

According to the Allahabad office of the Employees Provident Fund Organization, the payment of EPF contribution will be deducted from the same payment to the workers who have to pay them after the work of MGNREGA workers. Which will be deposited in the EPF account of MGNREGA and the Government will also contribute according to the rules. EPF account of CDO of all districts has been created and sent. Now the responsibility of the CDO is to deposit the EPF contribution amount and complete the account allocation process.