Employees Provident Fund Scheme is one of the savings plan in India from the portion of employees salary i.e. 12% PF on monthly basic salary and the same amount is contributed by the employer.
Employees can withdrawal their EPF when resigning or quit from employment and also they will withdrawal their EPF earlier itself, it means that during the employment with an organisation.
Employees Provident Fund has made allotment of Universal Account Number (UAN) mandatory for all the employees who are eligible under the Provident Fund Act.
Provident fund can be withdrawn full or partial amount in any one of the subsequent cases.
Form 19: You can use this form to withdraw PF amount that is 12% and 3.67% (Account No.1)
Form 10C: You can use this form to withdraw Pension Fund 8.33% Account No.10
The above two forms are available with your employer or you can download from EPF website.
The applicant will receive provident fund along with interest on cumulative PF.
Basics of Employee Provident Fund
TDS Rate Chart for Financial Year 2018-2019
Income Tax Slab Rates FY 2018-2019
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