RE:EPF
by Shivani Batham on Jul 02, 2007 02:01 PM Permalink
that can not be. but generally the pvt. companies show that in your benefit n than cut the whole amount from the same.
In August or September they should give a slip for you which will contain the outstanding balance in your account and the interest accrued from the previous financial year!
Please calculate my EPF as I am 35 yrs old and my basic salary 10600 per month and I want to work upto 58 yrs. My employer is contributing a fixed amount of 792 (upto Rs. 6500.) pl give me any site URL adress where I can calculate my EPF
This is V Sridhar here a Specialist in Financial Planning. There is something called as FMPs from mutual funds where u can invest. FMPs r similar to Fixed Deposits. The current yield in this invstment is 9.25%. If the tenure is more than 1 yr then u pay tax on long term capital gains @ 20% post indexation. If we assume inflation of 5%, we pay ,0.85% as tax and hence our post tax return is 8.4%. Another advantage is that the tenure for FMP is short like just more than 1 yr to 3 yrs. Whereas in PPF there is a huge lock in
I worked for a MNC for the last 9 years. Now i have been doing consulting since the last six months. I'm not employed anywhere. So i'm not contributing to my EPF fund. 1) Do i get interest on the accumulated fund when i not putting any money further into my EPF account ? 2) Can i withdraw from EPF on account of not being employed ?
1. Yes you get interest on that Amount. B'coz your EPF account is not closed. 2. You can withdraw money also, Then they will calculate the interest upto that date and give the lumpsum amount to you. If you don't need money then I personally suggest don't withdraw money.
RE:RE:My query
by Sowmya Rajan on Jun 30, 2007 05:51 PM Permalink
You can get your money back. Your contribution as well as their contribution is lying with the company and cannot be touched by anyone except you. With your account number, you can apply for full refund. Rajan
sir, my company is deducting only 780 rs for the epf whereas my basic is more than 10000. is there any way that i can put more into epf. also what is the means to know the balance in eps. can we get eps back in lumpsum instead of monthly pension. pls reply. thanks.
RE:epf/eps
by Seethalakshmi Narayanan on Jun 30, 2007 06:14 PM Permalink
You can add more to EPF . It is called VPF(Voluntary Provident fund. Contact your HR dept for more info...
RE:epf/eps
by Wisdom Unlimited on Jun 30, 2007 05:24 PM Permalink
No sir you cannot. EPF can be only withdrawn in case you are not employed with any organization for a period of six months and above...
RE:PF
by SARANATH RAMALINGAM on Jun 26, 2007 11:41 AM Permalink
Yes. You can take loan. There is 2 types of loan 1. repayment of loan with interest 2. Non refundable loan. You should apply thro' your Co. and they will give all details.
Please some one help me in this. I had a EPF account in the previous organisation, however, I left for further studies when I had done the contribution only for four and half years. I did not withdraw the amount then. After completing my studies I have joined another organisation now. There has been a gap of two years. I plan to continue to use my EPF account. If I contribute into the existing EPF account for another six months, my contribution would be completing five years, however, there was a break of two year. In this case, can I withdraw my EPF after completing five years (with six montsh of contribution in the new organisation). In case I withdraw do I still have to furnish my tax returns to get tax exemption? Please help!!
RE:Regarding withdrawal and tax exemption
by imtiyaz momin on Jun 30, 2007 05:14 PM Permalink
PPF is having sealing of 5years,EPF doesn't have any sealing. you can still withdraw your 4 1/2year EPF immediately. and can have new account with new employer.
RE:Regarding withdrawal and tax exemption
by imtiyaz momin on Jun 30, 2007 05:15 PM Permalink
sorry for typing mistake EPF doesn't haver any sealing limit.
