PF क्या है और कितने प्रतिशत PF कटता है! कौन कौन से अकाउंट होते हैं
Provident fund , Simply PF is the government managed retirement saving scheme. Every employee who work in any type of organisation ( Any organisation having more than 20 workers) eligible for PF.
Employees Provident Fund Scheme, 1952 is the Act applicable for employees PF.
Workers give a portion of their salaries to the provident fund and employers must contribute on behalf of their employees. The money in the fund is then held and managed by the government, and eventually withdrawn by retirees or, in certain countries, their surviving families. In some cases, the fund also pays out to the disabled who cannot work.
Contributions :-
There is a 12% contribution given by Employees of their Basic salary ( As per Rule).
13% is contributed by Employer as well. Total rate of Contribution for PF is 25%.
Account wise Contribution :-
Account 01 - 12% of Employee Side & 3.67% from Employer Side.
Account 02 - 0.5% submitted by Employer Admin charges
Account 10 - 8.33 % submitted by Employer Pension Fund.
Account 21- 0.5% EDLI charges submitted by Employer.
Account 22 - Nil charges.
Withdrawal :-
Employee can withdraw his PF & Pension as per rule & applicability. Will discuss in our next blog.
Forms for withdrawal -
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( You can check here how to withdraw your PF )
Form-19 - For PF part withdrawal this form need to fill earlier it is filled offline but now you can fill this form online in your UAN.
Form-10C - For Pension side withdrawal need to fill this form , this one is also filled online in your UAN.
In case of death of employee Form required-
Form-10D - Filled by Nominee for PF withdrawal
Form-20 - Filled by Nominee for Pension of Nominee in case of death of Employee.
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