💸DEMAT Account: link.lla.in/Demat 📚Payroll, Excel & Labour Law Courses for career growth: lpt.institute/courses/ File ITR: labourlawadvisor.in/link/tax
Sir mere father ka pension fund after 58 years bhi kta hai aur unki job 10 saal se kam hai.aur DOJ and DOL bhi mention nhi hai.aur maine advance pf Rs30000 kiya tha par mughe isme Sirf Rs14500 Mila tha.ab mughe EPS fund milega ya nhi milega???EPS fund passbook me 26000 ke aas pas hai.
@@pradipbanerjee6959mera frnd 8yrs experience hi 10c money withdraw karliya,now another company me 2 yrs experience chal raha hi.uan merge karne se pension ayega?
, @mr.kapil garg... Yes I totally agree with you but why it is like this ? How long these private sector employees will be in grey area ? Can't we do anything ?
@@pradipbanerjee6959 so people like LLA are there to help us...they are doing a good job by informing public with all the nitty gritties around EPF and EPS
Thank u sir for this video..my pension fund Amt was 38125 but after pension withdrawal I recieved only 25143..which is almost 13000 less ..now I know that I have to file a grievance to get the rest amt..thank u again sir ..
@@lifejourneywithraj8607 Should there be any assistance required pertaining to PF & Pension contribution withdrawal, please drop a mail at dishavasa25@gmail.com citing complete issue!!
Great Information. I was calculating my EPS withdrawal amount based on this video from last few days. And then I applied. My contributed amount: Rs. 93300 As per calculation, withdrawal amount: Rs 1.05L Final withdrawal amount: Rs. 95648. Satisfied...
Thanks Sir for such a simple explanation. My pension Amount was 21970 and i got 15300. I was worried about getting such low amount but it's clear that 15000*1.02 = 15300. Thanks for sharing your knowledge.
@@utkarshsinha1248 as in a video is said that it calculate on the basis of 6 month. So if have completed 6 month, 1 year, 1.6 year only then I will get it. If I have completed 1 year 11 months still it will be calculated as 1.6 years
@@iam_varunsharma ok bhai...thanks, In my pasbook, Total pension of 2 company is 20000 +26000 =46000 , I have worked for 4 year 7 month , yesterday I have applied for pension... how much amount can I get bhai?
I applied for my aunty ji, as per your calculations amount expected was 63413, she worked for 6 years and last wage of month is of 17 days and that was 4528, but the previous wages before exiting was 10447, and actually total contribution was 46893, but the claim withdrawal amount is 47304.
With reference to your grievance, it is to inform that your EPS claim has been settled taking contribution up to 58 years of your age.Further, you are requested to forward a letter through your employer for conversion of EPS amount, which was deposited after completion of 58 years of your age, into PF account thereafter you have to apply PF claim for part payment.
Dear Rishabh, Main error for less amount of EPS claim is that EPF authorities deduct the NCP days from pensionable service while claim settlement. For example if service is 4 years but NCP days count during this service is 7 months then net pensionable service will be 3 years and 5 months and will further be rounded down to 3 years and table D will be counted as 3 years instead of 4 years. In other words a period between DOJ and DOE is not pensionable service but a total number of days for which contribution paid is pensionable service. This error is missing in your video otherwise a good contents.
Bhai mere previous employer me date of joining EPS and date of end EPS not avilable show ho raha hai aur current employer me show ho raha hai to mere previous employer ka pension ka paisa aayega ya nhi aayega
Maine apna recent me Pension fund ko withdrawal Kiya hai jiska jiska settlement only approx 3400 aaya hai. 1. Main 2019 se 2022 tak APS ka employee raha jisme pension amount 44000 tha. 2. 2022 se 2023 tak fir APS ka employee raha jisme pension amount approx 5000 tha. 3. 2023 me main 1 month kam kiya jisme mera pension amount 690 tha. Note- Maine APS ke 2019 to 2022 ka form 19 ke through Sara Paisa nikal liya but 10 C reject ho gaya tha.
Thanks for such detailed explanation. Itana sab jyadatar logon ko malum nahi hota hai.. Aur government isi bat ka phayda utha rahe hai... EPFO should track all this information and they should not charge more than 1250 eps.. EPFO is culprit here. 😠😠
Thanks a lot for addressing this hidden issue I appreciate your work.👍 People hardly know their hard earned money is being used by epf in such unethical ways. Ideally the epf department itself should avoid pension contribution if a person is not eligible, but what else can we expect from government employees.😑 Kindly help us understand how to withdraw our pension contribution in detail and also how to ask our employer to stop contributing to pension and insted contribute in employer epf share.🙏
ruclips.net/video/Xr034wkqYWY/видео.html अगर आपके पीएफ़ में कोई सुधार या कोई समस्या का सामना कर रहे हो तो आप इस तरह व्हाट्सएप्प पर भेजकर शिकायत दर्ज कर सकते हो । ये वीडियो में पूरा जाने। मुझे विश्वास है आपकी सहायता जरूर होगी। नया अपडेट आ गया है
You didn't answer 2 important points. 1. Can we withdraw if still working with company? Can we tell employer to stop putting EPS component and only submit EPF component. 2. If let's say I am working from 2015-2021 for 6 years and leaves the company and files request of withdrawal and get the amount. Now I join another company, will EPS contributiom again start from 0 or it can never start?
B4 leaving the job only advanve is possible as for final settlement u hv to mark exit date. At the time of final settlement, pension can be withdrn if service is less thn 10 yrs. If final settlement is done....that service period won't be calculated for pension.
1. No we cant tell employer to stop EPS. It is one time thing and there is a rule that employee should be made aware and given choice to opt out. Sadly even big MNCs dont follow this rule. I got to know that this is one time thing once EPS is opened you cant stop the contribution out of your employer's PF. Just google "can I stop EPS contribution"
Thank you and to your team Sir for this informative Video..Really helpful information..trying to spared awareness among all my friends by sharing this info.. However, I'm bit confused looking at these complications of EPS process.
Insan pf ka paisa nikal ne ke liye kitna pareshan hota hai sal bit jate hai paisa nikal ne me aur ye hamara paise dusre ko loan 1 lakh ke upar 15 se 10 percent bayaj lete hai aur hame har mahine 1 percent dete hai is tarha khel khela ja raha hai
Thanks for putting this information out. Really an eye opener. But now I am confused EPS with below Scenario: Joined workforce and EPF family with less then 15k basic salary. After some time this basic salary increased beyond 15k, but new organisations still deducting EPS. The question is He/she still eligible or not for EPS?
i have a question regarding EPS, i started my first job in 2015(i.e. after 1 sept 2014) and EPS contribution is deducting from my Salary. Is there any way to stop EPS contribution ?
Hi, if on your date of joining you are drawing Wages (Basic + Dearness Allowance) greater than 15000/- you would not be made member of EPS scheme. So either withdraw both your EPF & Pension component before joining in a new establishment with wages more than 15000/- or you may have to mark exit in the current company, withdraw both the components EPF & EPS and then rejoin with wages more than 15000/- . This way you can avoid contribution to EPS Scheme.
@@nseniftybankniftytrader4086 After 1.09.2014 , employees becoming member of EPF with Basic + Dearness Allowance greater than 15000/- are not allowed to become member of EPS. Please refer to below mentioned EPFO Circular :www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2014-2015/Acturial_WageCeiling_7738.pdf
Thank you very much for the info bro...here what is my doubt is if after resigned from any company...2 or 3 months later...we can withdraw PF and Pension....but instead if we transfer it to next company then only PF will transfer (we can see) and Pension amount we can't see.. for that u have given proper justification by saying after retirement we will get...but incase after resign from 2nd company (for which I transferred 1st company PF amount etc...)...then based on money requirement...if I decide NOT to transfer PF to the 3rd company and tried to withdraw the PF and Pension etc from 2nd company (after 3 months of resign...then along with the PF and Pension of 2nd company WILL I GET THE PENSION AMOUNT OF FIRST COMPANY or NOT ? Hope u my question without confusion. Plz reply. Thank you sir.
@@Abhishek-wg3tq the pension amount will not show like PF amount...But once u r claiming after u r retirement ..U will get both PF and Pension both amounts...So no need to worry
Hi, I have two questions: 1. The first reason you have stated for less amount of Pension after withdrawal is "Applied before Transferring the money". Here what are you referring to transfer? Is it epf or eps transfer? I have transferred epf. If i apply for eps will the amount get reduced for this reason? 2. I joined Wipro in 2015 and left 2019. Then I joined TCS and after some time I transferred my epf of previous company. Can I transfer my EPS of previous company to my current employer? Do I have to transfer my eps before withdrawing? Please advise.
In your video, you mentioned EPS does not apply for an employee earning Salary of 15000, here what do you mean Basic 15000 or do you mean overall more than 15000?
Thanks for sharing EPF website update.. I have query.. Form 13 transfer ke liye bhar diya hai...To PF and pension dono amount transfer hoga kya? Please advise..
I worked in three different companies for 5 years. When I applied for an EPS claim, I received only my last company’s EPS amount. I don’t know what happened to my other companies’ EPS amount?
Hi Rishabh, Thank you for this great information. My PF account got started in 2017 and I can see the contribution of Rs1250 into my EPS account. My monthly wages were more than Rs.15000 at that time so as per rules, I am not eligible for EPS. Could you please tell me the process to stop EPS contribution and steps to withdrawal that amount. Thanks in advance.
@@ShubhamGupta-md5ps Hi Shubham, I have reported it to the company's accounts team, and they have contacted the EPFO team and asked for the full statement of my EPFO to verify. After the verification, they submitted a form to EPFO to resolve this issue. The complete process took 15-20 days.
Minimum Pension Rs 7500/+DA+M.A may be sanctioned to all old EPS95 Pensioners who were retired during 2001&earlier years with very very meagre pension&unable to maintain theiir family members of 3 or 4 at home.Higher Pension for Higher salaried & retired eps95 pensioners may be considered afterwards as they are getting more than Rs 15000/ p.m now itself!!!Both demand should not be mixed&dragged till all the old eps95 pensioners are died year by year!!!
To be genuine, ye pf ka process he bhut hectic h bhut bhut jyada, jo ek normal insan ke smjh se bhar hai. Pf department must be simplified these things for every citizen.
Hi sir, I saw pension video it was very good knowledge shared, now I have request to share how to transfer pension amount from previous organizations to current organization. So please share knowledge
Thank you a lot sir. You are always sharing too good informations. Request to you please help me as I have faced so much confused process on settlement EPFO process as of now.
5:20 Past Contribution of pension amount is not shown . In this matter I would like to inform you only a few entries is shown , I want to say then at the time of submit Form 19 and 10c does the previous pension amount will be credited to the bank account automatically after settled or not ? If not credit then what to do ? Please somebody help me please ? 🙏 I submit one claim and Pension amount still shown in previous PF account but not credited in Bank account after settled , pls advice ? 🙏
This one is very informative video.. Thanks for your efforts.👍 I hv joined new company, my previous companies contribution, do i hv to transfer it or directly i can withdraw?
my pension amount mention in passbook is 65000/- and settlement amount is 54863 for 15000 EPS wage and 4 year 3 months service. Also to claim Pension amount you need to claim it with form 19(PF withdrawal) you can not claim form 10C before claiming form 19, my pension withdrawal claim was rejected as I have claim it without claiming PF !!
🙏👍If we do job for 58 years, we will pay 15K x 58. And if government willing to give 10% interest, then we get 7.5K. बाकी आप खुद ही समझदार है। अच्छा गवर्नमेंट की नीति है। जय EPS. I get 23K out of 32K after 2.6 years. No interest only deduction 😃😡🤬 Better to do cash before 9.5Years without fail.
Sir please make a vedio on death case pf and pension withdrawal with less than or more than 10 years of service, complete procedure EDLI insurance also
At present in our school both employees and employer are contributing on gross salary which may be above 15,000 and also, we paying PF administrative charge at such higher salary. We are thinking to change the process slightly so that some amount can be saved for employer. To show PF wages maximum of 15,000/- but calculate PF contribution on gross salary and show extra amount as VPF. In this way employee to contribution will remain same at the same time employer PF administrative charge will decreases. Also, can Employer also contribute to VPF if willing.
sir i think you should update this series with the new ceiling amount introduced in 2024 and rules that gets added to keep your followers Jagruk with every new rules.
Hi @labour law advisor - I am facing quite a unique problem and cant seem to find a way out. Precise: I had my last working day in early Jan 2022 in my past organisation. The firm showed in Full and Final settlement that EPF for Jan 2022 (and some balance of Dec 2022) has been paid. But in EPFO site passbook doesnt show the amount. It is now more than 3 months of my last working day and the EPFO site passbook shows the same wrong amount. What I want: I want to withdraw the entire EPF amount (as I do not work in a firm with salary having PF component). Queries: 1. Why doesnt EPFO passbook show correct amount (i.e., with the last month PF submitted by my previous organisation)? 2. Does the delay concern me? How to reach out to EPFO to resolve this? 3. Can I mark myself as EXIT in EPFO OR will my previous organisation do this (once the final month PF contribution is shown in EPFO Passbook)? 4. Will EPF withdrawal in full lead to losing the FY22 interest accrued on the EPFO balance? Will really appreciate your help in resolving some of the above matter. At least, kindly show me a path to reach out to concerned authorities, as my EPFO amount is stuck (neither can i withdraw nor can I be sure of the final EPFO amount). Thanks in advance.
Question: I started working in 2018, my contribution to Employee share is 1800, Employer share is 550, Pension is 1250. So, am I under "Not_eligible category"? Should Pension of 1250 not be cut or what is this case?
I have never claimed for pension withdrawal and I have worked in 2 different companies. My pension amount is getting reflected in the passbook. Please guide me on how to withdraw the pension amount from my last company.
Employee Share - 97537 mil gya or Employer Share - 30303 ye bhi pura mil gya jo passbook me dikh raha tha Pension ka 49131 nahi mila lekin Pension Con. 49131 aaj bhi dikh raha hai lekin mil nahi pa raha hai bahut koshis kar chuka hu 2018 se ab tak nahi mila
Hello LLA, Thanks for sharing valuable information. I have one doubt, as you described that there are many genuine reasons due to that we received less eps fund, and one of these is " Applied for withdrawal before transferring the money" , can you please explain that how to transfer eps fund before withdrawal ? As I have to withdraw my eps fund.
Sir company wages ₹ 14000 company ₹ 1680 pf deposit kr rahi hai. Jab ki aap ne. Bataya hai ₹ 1250 se adhik nahi hona chahiye. Ab mujhe kya karana chahiye.
I would like to know that for pension eligibility we have complete ten years of service before fifty eight years of age or ten years of service upto sixty years of age.
Rishab bhai.. Simple sawal hai.... Mera purna pf member ID full & final Settle karna hai, kya new member ID mein transfer karana padega ya Bina transfer ke Pura settle ho jayega. Koi clear information nahi de Raha Hai. Pls bataiye.
sir me kam karata hon pf ka ek company ka eps amount me 6 month aur usase bhi jyada pay karata hon adjust karake aur usaki service count ho jati he its all about adjustment in pf office
4:16 I think u r wrong Bcz mere ya almost sbhi k account m Eps me sallary ka 12% contribute hota h jiska sallary below 15k h above 15k walo k liye eps m contribution 12% of 15 k hota h Aur iske according 1250 Rs se jyada eps to hoga hi
Sir galti se monthly wages as on joining 15000k ki jagah 21000k ho gaya hai jiske karan employee ka pension nahi kat pa raha hai PF challan m error member is not a member Of pension scheme. EPF wages should be zero aata hai. Is galti ko kaise thik kar sakte hai. Solution bataye
Firstly thanks for this informative video. My EPF wages are changing as per basic salary but EPS wages are the same as 15000 and contribute 1250 till yet. Is there any issue ? Please respond
Hi Rishabh. Your video is full of knowledge. Yet, Most RUclipsrs are not talking about if service is more than 10 years and who also are more than 58 years. I’m now 59 and has more than 10 years service. Few days back I applied for full EPF. But not able to withdraw my Pension Fund. How do I do that? Should I use Scheme Certificare Form 10 C for it?
Dear sir, Maine three bar claim submit kiya jo ki rejected hua remarks me diya. 1) kindly upload previous establishment PF passbook along with cheque or bank passbook for remaining pension amount. 2) kindly upload previous 2 establishment PF passbook along with cheque or bank passbook along with cheque or bank passbook for remaining pension amount. 3)Kindly submit all previous establishment full pf passbook for remaining EPS amount and resubmit the claim. Pension ko kaise withdrawal karu please comment me bataye.
Sir! I applied for my friend pension withdrawal. His Date of joining was 20 September 2011 and Exit date was 29 February2020 . Actual ammount in passbook was 78131₹ ,But the claim settled amount received is 69443₹.
58 years ke bad 63 years koochh mahine tak pension contribution me paisa jama kiya uske Bad pension contribution me jama karna Band kar ke total paisa employee aur employer share ME jama kar raha hai tho paisa nikalne ME dikkat tho nahi hoga?
Thank you for the details, very helpful. Question: I want to withdraw my entire PF amount and DOE is also mentioned. I have 19+ years of job experience and am currently working outside India. In my last organization, DOJ is 2015 and DOE is 2018 (after that I moved out of India). Will there be any TDS or Tax deduction just because my last company duration is 3 years (though I have 19 years exp) or PF department will consider my total 19 years of exp? I have transferred all my PF amounts from my previous employer to my last employer. My KYC was also verified.
Sir I joined my first organization 2019, that time my gross pay was more than 15000 but net pay means in hand salary was less than 15000. And currently my salary has increased and it is more than 15000. So here are some of my questions: 1) I am part of EPS and you said if the salary wage is more than 15000 then someone shouldn't be part of EPS. So is this calculated based on gross pay or net pay. 2) My 1st company has started EPS and after that I changed 2 companies and salary also got increased and still there are some contribution in EPS. Will there be any problem as my salary is more than 15000 but still EPS contribution is taking place. 3) what if I withdraw full or partial PF amount before retirement age, will I get my pension at the retirement age?
Sir, You are not telling about EPS Pension calculation; the employee who retires after 33 years of service in the same Company. The Gross salary was Rs. 75000/00. I have been asking this 3 months
@LabourLawAdvisor, Sir mene 2019 jan28th me ek company join kari and 31st july 2022 exit date. to mera pension factor 3 yrs service ka count hoga ya 4yrs ka? please bataye
💸DEMAT Account: link.lla.in/Demat
📚Payroll, Excel & Labour Law Courses for career growth: lpt.institute/courses/
File ITR: labourlawadvisor.in/link/tax
Jitna passbook me tha utna hi mila hai
Kya ye sahi hai
Ya us par alag se byaj bhi milta hai ?
Sir mere father ka pension fund after 58 years bhi kta hai aur unki job 10 saal se kam hai.aur DOJ and DOL bhi mention nhi hai.aur maine advance pf Rs30000 kiya tha par mughe isme Sirf Rs14500 Mila tha.ab mughe EPS fund milega ya nhi milega???EPS fund passbook me 26000 ke aas pas hai.
Pension fund10c withdraw karne se 10yrs ke bad pension nahi milega?
No
@@pradipbanerjee6959mera frnd 8yrs experience hi 10c money withdraw karliya,now another company me 2 yrs experience chal raha hi.uan merge karne se pension ayega?
real eye opener, EPS is particularly a grey area for private sector employees
,
@mr.kapil garg... Yes I totally agree with you but why it is like this ? How long these private sector employees will be in grey area ? Can't we do anything ?
@@pradipbanerjee6959 so people like LLA are there to help us...they are doing a good job by informing public with all the nitty gritties around EPF and EPS
Yes, Govt should take some initiation on betterment side. I stucked with 7.5 years pension sir.
,,,,,@@kapilgarg1032
@@karunakarvemishetty1134 Need to file RTI/Court case..
This is by far the most clearly explained video on PF & Pension withdrawal soo far .
Thank u sir for this video..my pension fund Amt was 38125 but after pension withdrawal I recieved only 25143..which is almost 13000 less ..now I know that I have to file a grievance to get the rest amt..thank u again sir ..
Sir I want withdraw my pension amount from last company kindly tel process
Hi bro, aap ka balance amount Aya kya ?
Kitana pakata hai bhai eritetet karat a hai
How to file grievance
.sir how to get after withdrawal of pension amount of total amount
Sir aapke video bhot fayde ke hai aapki jobhi information hoti hai vo puri genuine hoti hai.
I did not know i had money stuck in EPS sisce past 8 years of service. Thanks for informing.
Very informative video... I'm sharing to all my friends and family members who have epf account....
That's the spirit,
@@lifejourneywithraj8607 Should there be any assistance required pertaining to PF & Pension contribution withdrawal, please drop a mail at dishavasa25@gmail.com citing complete issue!!
Good work guys, keep it going..
PF mein koi problem hai to is number per contact Kare
9199432354
@@RajeshKumar-rc8mv 1) BANK PASSBOOK NOT ATTEST
Sir plz solved my problem reply me plz
@@RajeshKumar-rc8mv sir plzz my help
@@harunpinjari7251 go to your bank and ask them to attest that. No need to worry.
Really love all the information you are sharing.....:)We are definitely getting educated by it....Please keep going....:)
Thanks for good information
Great Information.
I was calculating my EPS withdrawal amount based on this video from last few days. And then I applied.
My contributed amount: Rs. 93300
As per calculation, withdrawal amount: Rs 1.05L
Final withdrawal amount: Rs. 95648.
Satisfied...
Well explained !!! very informative !!! Excellent work Rishabh Jain
Thanks Sir for such a simple explanation. My pension Amount was 21970 and i got 15300. I was worried about getting such low amount but it's clear that 15000*1.02 = 15300. Thanks for sharing your knowledge.
same thing has happened with me too,so what about the remaining pension amount ? If you can tell.
@@utkarshsinha1248 as in a video is said that it calculate on the basis of 6 month. So if have completed 6 month, 1 year, 1.6 year only then I will get it. If I have completed 1 year 11 months still it will be calculated as 1.6 years
Where is balance amount?
@@RavindraChauhan8 As per the 6 year rule it will not get credited in Employer account.
@@iam_varunsharma ok bhai...thanks,
In my pasbook,
Total pension of 2 company is 20000 +26000 =46000 , I have worked for 4 year 7 month , yesterday I have applied for pension... how much amount can I get bhai?
Aap ke Choti si video se bohot fayda hota hai Public ko ase hi help karte raho sir🙏 sukriya sabhi viewer ke our se
Its very informative and helpful for ..most of the employees who are unknown about such facts......👍
PF mein koi problem hai to is number per contact Kare
9199432354
Omg ..ye to gajab ki knowledge hai..jo koi nahi bata sakta..thanks
Extremely thanks for the English subtitles ❤
I applied for my aunty ji, as per your calculations amount expected was 63413, she worked for 6 years and last wage of month is of 17 days and that was 4528, but the previous wages before exiting was 10447, and actually total contribution was 46893, but the claim withdrawal amount is 47304.
I already withdraw pf from last company but not pension. Now can i withdraw all pf and pension including remaining pension of last company?
@@tannutiwari3471have u transferred the previous amount to current company?
With reference to your grievance, it is to inform that your EPS claim has been settled taking contribution up to 58 years of your age.Further, you are requested to forward a letter through your employer for conversion of EPS amount, which was deposited after completion of 58 years of your age, into PF account thereafter you have to apply PF claim for part payment.
Dear Rishabh,
Main error for less amount of EPS claim is that EPF authorities deduct the NCP days from pensionable service while claim settlement. For example if service is 4 years but NCP days count during this service is 7 months then net pensionable service will be 3 years and 5 months and will further be rounded down to 3 years and table D will be counted as 3 years instead of 4 years. In other words a period between DOJ and DOE is not pensionable service but a total number of days for which contribution paid is pensionable service. This error is missing in your video otherwise a good contents.
If NCP Days is 2 months.... Tou meri service 6 years na hokar... Pensionable service 5 years 10 month ho jayegi ?
Bhai mere previous employer me date of joining EPS and date of end EPS not avilable show ho raha hai aur current employer me show ho raha hai to mere previous employer ka pension ka paisa aayega ya nhi aayega
Maine apna recent me Pension fund ko withdrawal Kiya hai jiska jiska settlement only approx 3400 aaya hai.
1. Main 2019 se 2022 tak APS ka employee raha jisme pension amount 44000 tha.
2. 2022 se 2023 tak fir APS ka employee raha jisme pension amount approx 5000 tha.
3. 2023 me main 1 month kam kiya jisme mera pension amount 690 tha.
Note- Maine APS ke 2019 to 2022 ka form 19 ke through Sara Paisa nikal liya but 10 C reject ho gaya tha.
Thanks for such detailed explanation. Itana sab jyadatar logon ko malum nahi hota hai.. Aur government isi bat ka phayda utha rahe hai... EPFO should track all this information and they should not charge more than 1250 eps.. EPFO is culprit here. 😠😠
Thanks a lot for addressing this hidden issue I appreciate your work.👍
People hardly know their hard earned money is being used by epf in such unethical ways.
Ideally the epf department itself should avoid pension contribution if a person is not eligible, but what else can we expect from government employees.😑
Kindly help us understand how to withdraw our pension contribution in detail and also how to ask our employer to stop contributing to pension and insted contribute in employer epf share.🙏
ruclips.net/video/Xr034wkqYWY/видео.html
अगर आपके पीएफ़ में कोई सुधार या कोई समस्या का सामना कर रहे हो तो आप इस तरह व्हाट्सएप्प पर भेजकर शिकायत दर्ज कर सकते हो । ये वीडियो में पूरा जाने। मुझे विश्वास है आपकी सहायता जरूर होगी। नया अपडेट आ गया है
You didn't answer 2 important points.
1. Can we withdraw if still working with company? Can we tell employer to stop putting EPS component and only submit EPF component.
2. If let's say I am working from 2015-2021 for 6 years and leaves the company and files request of withdrawal and get the amount. Now I join another company, will EPS contributiom again start from 0 or it can never start?
B4 leaving the job only advanve is possible as for final settlement u hv to mark exit date. At the time of final settlement, pension can be withdrn if service is less thn 10 yrs. If final settlement is done....that service period won't be calculated for pension.
@@arunikahasnanivlogs6872 Thanks, but you didn't answer the real question.
1. No we cant tell employer to stop EPS. It is one time thing and there is a rule that employee should be made aware and given choice to opt out. Sadly even big MNCs dont follow this rule. I got to know that this is one time thing once EPS is opened you cant stop the contribution out of your employer's PF. Just google "can I stop EPS contribution"
Thank you and to your team Sir for this informative Video..Really helpful information..trying to spared awareness among all my friends by sharing this info.. However, I'm bit confused looking at these complications of EPS process.
Please do make the latest video covering all the updated rules and regulations.
Service : 1.5 Years. Pension : ₹ 12,288. Approved ₹ 888,2. Not Approved : ₹ 4,006
पीएफ विड्रोल बनाया ही ऑनलाइन इसलिए कि सरकार पैसा लूट सके
aap jagruk rahoge to koi nahi lootega !
@@LabourLawAdvisor कैसे होगा सर् आप गाइड करो
ruclips.net/video/CNHVyp8YXg4/видео.html
Insan pf ka paisa nikal ne ke liye kitna pareshan hota hai sal bit jate hai paisa nikal ne me aur ye hamara paise dusre ko loan 1 lakh ke upar 15 se 10 percent bayaj lete hai aur hame har mahine 1 percent dete hai is tarha khel khela ja raha hai
Thanks for putting this information out. Really an eye opener.
But now I am confused EPS with below Scenario:
Joined workforce and EPF family with less then 15k basic salary. After some time this basic salary increased beyond 15k, but new organisations still deducting EPS. The question is He/she still eligible or not for EPS?
i have a question regarding EPS, i started my first job in 2015(i.e. after 1 sept 2014) and EPS contribution is deducting from my Salary. Is there any way to stop EPS contribution ?
I also have same question Can you help @labour law advisor
Sir same here.
Hi, if on your date of joining you are drawing Wages (Basic + Dearness Allowance) greater than 15000/- you would not be made member of EPS scheme. So either withdraw both your EPF & Pension component before joining in a new establishment with wages more than 15000/- or you may have to mark exit in the current company, withdraw both the components EPF & EPS and then rejoin with wages more than 15000/- . This way you can avoid contribution to EPS Scheme.
@@nseniftybankniftytrader4086 After 1.09.2014 , employees becoming member of EPF with Basic + Dearness Allowance greater than 15000/- are not allowed to become member of EPS. Please refer to below mentioned EPFO Circular :www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2014-2015/Acturial_WageCeiling_7738.pdf
@LLA please reply here
This was very helpful, thanks team.
😊 financial literacy is crucial. Thankyou
Thank you very much for the info bro...here what is my doubt is if after resigned from any company...2 or 3 months later...we can withdraw PF and Pension....but instead if we transfer it to next company then only PF will transfer (we can see) and Pension amount we can't see.. for that u have given proper justification by saying after retirement we will get...but incase after resign from 2nd company (for which I transferred 1st company PF amount etc...)...then based on money requirement...if I decide NOT to transfer PF to the 3rd company and tried to withdraw the PF and Pension etc from 2nd company (after 3 months of resign...then along with the PF and Pension of 2nd company WILL I GET THE PENSION AMOUNT OF FIRST COMPANY or NOT ? Hope u my question without confusion. Plz reply. Thank you sir.
Hi,
Did u get the answer I am looking for the same answer, PLS RESPOND IF YOU KNOW?
@@Abhishek-wg3tq the pension amount will not show like PF amount...But once u r claiming after u r retirement ..U will get both PF and Pension both amounts...So no need to worry
Hi, I have two questions:
1. The first reason you have stated for less amount of Pension after withdrawal is "Applied before Transferring the money". Here what are you referring to transfer? Is it epf or eps transfer? I have transferred epf. If i apply for eps will the amount get reduced for this reason?
2. I joined Wipro in 2015 and left 2019. Then I joined TCS and after some time I transferred my epf of previous company. Can I transfer my EPS of previous company to my current employer? Do I have to transfer my eps before withdrawing? Please advise.
@Labour law advisor: I have the same question. Sir I'd appreciate if you could answer this please
Same question
In your video, you mentioned EPS does not apply for an employee earning Salary of 15000, here what do you mean Basic 15000 or do you mean overall more than 15000?
It's really helpful! Thank you very much🙏
Perfect explanation.. no confusion..
Thanks for sharing EPF website update..
I have query..
Form 13 transfer ke liye bhar diya hai...To PF and pension dono amount transfer hoga kya? Please advise..
only pf will be transfer
Sir agar kisi employee ka working days 3 years 2 ya 3 months h to calculation kya hoga
Ony 3 years agar 3 years or 7 month hota to 4 years count
3 years
I worked in three different companies for 5 years. When I applied for an EPS claim, I received only my last company’s EPS amount. I don’t know what happened to my other companies’ EPS amount?
same happened to me u got any solution for this?
I think u didn't transfer your previous company pf to your last company
Most Important & helpful, Kripya ek Gratuity par bhi video banaye
Yes. Filed today for both PF and EPS
Hi Rishabh, Thank you for this great information. My PF account got started in 2017 and I can see the contribution of Rs1250 into my EPS account. My monthly wages were more than Rs.15000 at that time so as per rules, I am not eligible for EPS. Could you please tell me the process to stop EPS contribution and steps to withdrawal that amount. Thanks in advance.
Hi Rabin, I know it's been 2 years since you commented, but have you gotten the way to close your EPS ? My case is same as yours
@@ShubhamGupta-md5ps Hi Shubham, I have reported it to the company's accounts team, and they have contacted the EPFO team and asked for the full statement of my EPFO to verify. After the verification, they submitted a form to EPFO to resolve this issue. The complete process took 15-20 days.
Minimum Pension Rs 7500/+DA+M.A may be sanctioned to all old EPS95 Pensioners who were retired during 2001&earlier years with very very meagre pension&unable to maintain theiir family members of 3 or 4 at home.Higher Pension for Higher salaried & retired eps95 pensioners may be considered afterwards as they are getting more than Rs 15000/ p.m now itself!!!Both demand should not be mixed&dragged till all the old eps95 pensioners are died year by year!!!
Sir..Thank you so much for the video.
very well communicated... very helpful
To be genuine, ye pf ka process he bhut hectic h bhut bhut jyada, jo ek normal insan ke smjh se bhar hai. Pf department must be simplified these things for every citizen.
Espe Ek Or Part Banaiye..To Jyada Better Samajh Payenge
My contribution in pention was ₹19,145/- and settled amount was ₹9812/- my service was 18months..
Sir correct kaha apne Maine calculat kiya sahi hai
Hi sir, I saw pension video it was very good knowledge shared, now I have request to share how to transfer pension amount from previous organizations to current organization. So please share knowledge
Great job 💥🇮🇳🙏🇮🇳👍👍
Thank you a lot sir. You are always sharing too good informations. Request to you please help me as I have faced so much confused process on settlement EPFO process as of now.
Very nice video.... Informative video
OK FRIEND GOOD WORK AND SUPER
very useful video ❤❤nys
Contribution 8.33
Return of contribute
Epf 1.1.sep.2014
Maximus 1250 se jaida
15000/
Epf
Pension
Pf deposit par se pisane nikal sakta
Thanks lot Rishabh 👍
5:20 Past Contribution of pension amount is not shown . In this matter I would like to inform you only a few entries is shown , I want to say then at the time of submit Form 19 and 10c does the previous pension amount will be credited to the bank account automatically after settled or not ? If not credit then what to do ?
Please somebody help me please ? 🙏 I submit one claim and Pension amount still shown in previous PF account but not credited in Bank account after settled , pls advice ? 🙏
This one is very informative video.. Thanks for your efforts.👍
I hv joined new company, my previous companies contribution, do i hv to transfer it or directly i can withdraw?
my pension amount mention in passbook is 65000/- and settlement amount is 54863 for 15000 EPS wage and 4 year 3 months service. Also to claim Pension amount you need to claim it with form 19(PF withdrawal) you can not claim form 10C before claiming form 19, my pension withdrawal claim was rejected as I have claim it without claiming PF !!
🙏👍If we do job for 58 years, we will pay 15K x 58. And if government willing to give 10% interest, then we get 7.5K. बाकी आप खुद ही समझदार है। अच्छा गवर्नमेंट की नीति है। जय EPS.
I get 23K out of 32K after 2.6 years. No interest only deduction 😃😡🤬
Better to do cash before 9.5Years without fail.
Helpful video thank you so much
Sir please make a vedio on death case pf and pension withdrawal with less than or more than 10 years of service, complete procedure EDLI insurance also
At present in our school both employees and employer are contributing on gross salary which may be above 15,000 and also, we paying PF administrative charge at such higher salary. We are thinking to change the process slightly so that some amount can be saved for employer. To show PF wages maximum of 15,000/- but calculate PF contribution on gross salary and show extra amount as VPF. In this way employee to contribution will remain same at the same time employer PF administrative charge will decreases. Also, can Employer also contribute to VPF if willing.
Great vedio sir... Nice..
sir i think you should update this series with the new ceiling amount introduced in 2024 and rules that gets added to keep your followers Jagruk with every new rules.
Good very useful information thank you sir
Hi @labour law advisor - I am facing quite a unique problem and cant seem to find a way out.
Precise: I had my last working day in early Jan 2022 in my past organisation. The firm showed in Full and Final settlement that EPF for Jan 2022 (and some balance of Dec 2022) has been paid. But in EPFO site passbook doesnt show the amount. It is now more than 3 months of my last working day and the EPFO site passbook shows the same wrong amount.
What I want: I want to withdraw the entire EPF amount (as I do not work in a firm with salary having PF component).
Queries:
1. Why doesnt EPFO passbook show correct amount (i.e., with the last month PF submitted by my previous organisation)?
2. Does the delay concern me? How to reach out to EPFO to resolve this?
3. Can I mark myself as EXIT in EPFO OR will my previous organisation do this (once the final month PF contribution is shown in EPFO Passbook)?
4. Will EPF withdrawal in full lead to losing the FY22 interest accrued on the EPFO balance?
Will really appreciate your help in resolving some of the above matter. At least, kindly show me a path to reach out to concerned authorities, as my EPFO amount is stuck (neither can i withdraw nor can I be sure of the final EPFO amount).
Thanks in advance.
Very good video, Thanks
Really good Sir Ji
Question:
I started working in 2018,
my contribution to Employee share is 1800, Employer share is 550, Pension is 1250. So, am I under "Not_eligible category"?
Should Pension of 1250 not be cut or what is this case?
I have the same question. If we are not eligible then why did the company opened the eps account in the first place?
Even I am confused , I think what he said in the Video is wrong.
Please make video on new EPS 95 calculation decision
made at December 2022.
I joined in service in 1986 August
and going to retire on 2025
August
I have never claimed for pension withdrawal and I have worked in 2 different companies. My pension amount is getting reflected in the passbook. Please guide me on how to withdraw the pension amount from my last company.
Yes sir pf fund mein contributed amount kum Show hota hai. Per payment 143 rs less it is
thanks for this informative video
Mine Pension amount is RS - 60000 is showing , NO way to get that amount , Govt is Looting People .
Employee Share - 97537 mil gya or Employer Share - 30303 ye bhi pura mil gya jo passbook me dikh raha tha
Pension ka 49131 nahi mila
lekin Pension Con. 49131 aaj bhi dikh raha hai lekin mil nahi pa raha hai bahut koshis kar chuka hu 2018 se ab tak nahi mila
Hello LLA,
Thanks for sharing valuable information. I have one doubt, as you described that there are many genuine reasons due to that we received less eps fund, and one of these is " Applied for withdrawal before transferring the money" , can you please explain that how to transfer eps fund before withdrawal ? As I have to withdraw my eps fund.
Sir company wages ₹ 14000 company ₹ 1680 pf deposit kr rahi hai. Jab ki aap ne. Bataya hai ₹ 1250 se adhik nahi hona chahiye. Ab mujhe kya karana chahiye.
Same question
I would like to know that for pension eligibility we have complete ten years of service before fifty eight years of age or ten years of service upto sixty years of age.
Rishab bhai.. Simple sawal hai.... Mera purna pf member ID full & final Settle karna hai, kya new member ID mein transfer karana padega ya Bina transfer ke Pura settle ho jayega. Koi clear information nahi de Raha Hai. Pls bataiye.
Kiya baat hai sir super
sir me kam karata hon pf ka ek company ka eps amount me 6 month aur usase bhi jyada pay karata hon adjust karake aur usaki service count ho jati he its all about adjustment in pf office
First epf pension 3yrs 26122
Second epf pension 9 months 8106
But pensions received 22350
Pls reply.
4:16 I think u r wrong
Bcz mere ya almost sbhi k account m
Eps me sallary ka 12% contribute hota h jiska sallary below 15k h above 15k walo k liye eps m contribution 12% of 15 k hota h
Aur iske according 1250 Rs se jyada eps to hoga hi
Sir galti se monthly wages as on joining 15000k ki jagah 21000k ho gaya hai jiske karan employee ka pension nahi kat pa raha hai PF challan m error member is not a member Of pension scheme. EPF wages should be zero aata hai. Is galti ko kaise thik kar sakte hai.
Solution bataye
Firstly thanks for this informative video.
My EPF wages are changing as per basic salary but EPS wages are the same as 15000 and contribute 1250 till yet.
Is there any issue ? Please respond
Hi ,
Can you please create a video for epf interest credit issue , which has not happened for 2021.
Hi Rishabh. Your video is full of knowledge. Yet, Most RUclipsrs are not talking about if service is more than 10 years and who also are more than 58 years.
I’m now 59 and has more than 10 years service. Few days back I applied for full EPF. But not able to withdraw my Pension Fund. How do I do that?
Should I use Scheme Certificare Form 10 C for it?
Job chhod di aapne?
Dear sir,
Maine three bar claim submit kiya jo ki rejected hua remarks me diya.
1) kindly upload previous establishment PF passbook along with cheque or bank passbook for remaining pension amount.
2) kindly upload previous 2 establishment PF passbook along with cheque or bank passbook along with cheque or bank passbook for remaining pension amount.
3)Kindly submit all previous establishment full pf passbook for remaining EPS amount and resubmit the claim.
Pension ko kaise withdrawal karu please comment me bataye.
Sir! I applied for my friend pension withdrawal. His Date of joining was 20 September 2011 and Exit date was 29 February2020 . Actual ammount in passbook was 78131₹ ,But the claim settled amount received is 69443₹.
58 years ke bad 63 years koochh mahine tak pension contribution me paisa jama kiya uske Bad pension contribution me jama karna Band kar ke total paisa employee aur employer share ME jama kar raha hai tho paisa nikalne ME dikkat tho nahi hoga?
Sir I have worked in the company for five years and 2 months
Thank you for the details, very helpful.
Question: I want to withdraw my entire PF amount and DOE is also mentioned. I have 19+ years of job experience and am currently working outside India. In my last organization, DOJ is 2015 and DOE is 2018 (after that I moved out of India). Will there be any TDS or Tax deduction just because my last company duration is 3 years (though I have 19 years exp) or PF department will consider my total 19 years of exp? I have transferred all my PF amounts from my previous employer to my last employer. My KYC was also verified.
Sir I joined my first organization 2019, that time my gross pay was more than 15000 but net pay means in hand salary was less than 15000. And currently my salary has increased and it is more than 15000. So here are some of my questions:
1) I am part of EPS and you said if the salary wage is more than 15000 then someone shouldn't be part of EPS. So is this calculated based on gross pay or net pay.
2) My 1st company has started EPS and after that I changed 2 companies and salary also got increased and still there are some contribution in EPS. Will there be any problem as my salary is more than 15000 but still EPS contribution is taking place.
3) what if I withdraw full or partial PF amount before retirement age, will I get my pension at the retirement age?
रिटायर की एज ५८ है। क्या ये बढ सकती है? बढ सकती है तो कैसे? कृपया हल बताए।
Sir, You are not telling about EPS Pension calculation; the employee who retires after 33 years of service in the same Company. The Gross salary was Rs. 75000/00.
I have been asking this 3 months
old pf number new pf no m transfer krne k baad he.pension ka paisa withdraw hoga kya?
Please ek vedio banyea after final sattled pf account kiya hota hai? Account close? Ya UAN everytime show korega
@LabourLawAdvisor, Sir mene 2019 jan28th me ek company join kari and 31st july 2022 exit date. to mera pension factor 3 yrs service ka count hoga ya 4yrs ka? please bataye