Hi, I will be leaving my current organization and want to withdraw EPF. I have contributed to EPF for 3.11 months. Please can you tell me, how much % TAX will be deducted.
I am working in a private IT company with its own PF trust. So my money is not with the Govt of India. Now, I plan to leave for 2 years of higher education. The company wants me to withdraw the EPF amount, and will be charging 20-30% tax on it.
Is it mandatory to withdraw the money from ones EPF account for companies with private EPF trusts?
I am working in a private IT company with its own PF trust. So my money is not with the Govt of India. Now, I plan to leave for 2 years of higher education. The company wants me to withdraw the EPF amount, and will be charging 20-30% tax on it.
Is it mandatory to withdraw the money from ones EPF account for companies with private EPF trusts?
Im a sub scriber of EPF since 6 years in a PSU..Now i would like to draw as much as i eligible for housing...Shall i get any epf withdraw rules for housing..??
Hi, I have started job in Private limited at age of 23 in year 2005 if i retire at age 58 (i.e in 2040) what would be my total EPF. Start with package of 3 L & 10% hike p.a can be considered fair enough....
Being a son of EPF employee, I will tell you the truth about EPF!
Because of of interest rates about 9% EPF funds are shrinking as they are allowed only to invest in Government bonds which give them only 5% interest!
Also due to schemes introduced by our former Finance minister(Manmohan Singh in 1995 -IT is termed as Manmohan's Biggest blunder) ,EPF is in danger of defrauding as employees who retire once have a monthly pension of Rs 500/irrespective of the amount contributed them!
if they contribute 12000 during theor lifetime they would get a minimum pension of Rs500 throughout the lifetime!
The above facts are true as they were furnished my father to me as he is EPF employee working at Madurai!
RE:EPF
by Dipankar Dutta on Jun 30, 2007 07:09 PM Permalink
Dear Mr. Vasan, EPF is applicable only to Basic pay and DA. No allowances like Extra duty or over time comes into the picture of EPF.
