The Government of India will pay the employer and employee contribution to EPF account of employees for another three months from June to August 2020. The benefit is for establishments with up to 100 employees and where 90% of those employees draw a salary of less than Rs 15,000 per month. The contribution to EPF is reduced to 10% from 12% for non-government organisations.
Employees’ Provident Fund (PF) is a government-backed savings scheme which is intended to help employees cover their expenses once they retire. General Provident Fund (GPF) is the government employees’ version of EPF. Most commonly, the EPF or GPF is referred to as just ‘PF’. Under the PF scheme, both employee and the employer contribute monthly. The minimum contribution that should be made by employees is 12% of the basic salary. The employer too shall contribute with the same amount.
Procedure to check PF withdrawal claim online
To know the status of your claim the following information should be available to you:
a. Universal Account Number (UAN)
b. EPF regional office of your employer
d. Extension code (if relevant)
Keep the above information/documents handy, and then follow the below steps to check the status of your claim online.
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Step 1: Go to the EPFO portal. Click on Our services> For Employees
Step 2: Click on ‘Know Your PF Status’
Step 3: Enter your UAN and enter the captcha image
Step 4: Enter the following details
- Enter the state of your PF office
- Select your PF Office from the drop-down menu
- Enter your establishment code
- Enter your Provident Fund account number
Step 5: Click on the ‘Submit’ button to check the status of your PF claim.
For the benefit of the claimant, the EPFO also provides for alerts via SMS if a mobile number has been linked to the account. The SMS is sent to the following two instances:
1. On receipt of claim application.
2. On transfer of funds to the claimant’s bank account.
There could be income tax implication on your PF withdrawal under specific scenarios. You can refer this page for taxability of PF withdrawal for a detailed understanding.
Frequently Asked Questions
I have been jobless for more than one month, can I withdraw from EPF?
No, in order to withdraw EPF for being jobless, the period of unemployment must exceed three months.
Is Aadhaar necessary for filing an online claim?
Yes, Aadhaar is necessary to file a claim online.
Is documentary evidence mandatory to withdraw EPF?
Yes, you will have to produce documentary evidence to withdraw EPF.
What is the eligibility to claim EPF?
EPF eligibility determined by the amount of time spent in service and it differs across conditions.
Do I need employer’s approval to file claims?
No, the latest amendments have alleviated the need for seeking approval from the employers to file EPF claims.
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