A EPF consultant is an experienced individual/organization who is in a position to answer all your queries regarding your EPF account, UAN activation, PF withdrawals, PF rules & regulations and KYC updates. We are a completely online EPF consultant based out of Chennai, serving pan India.
PF consultant provide the services including Payroll, which itself is very sensitive subject. An employee is concern about accuracy and timely disbursement of his take home salary, where an employer is concern about payroll cost, accounting, allocation of funds
Step 1- Sign in to the UAN Member Portal with your UAN and Password.
Step 2- From the top menu bar, click on the 'Online Services' tab and select 'Claim (Form-31, 19,10C & 10D)' from the drop-down menu. It is worth noting that all options for which the employee is not eligible for withdrawal will be mentioned in red
EPF Withdrawal claim can now be processed by any PF Regional office | EPFO's New Initiative. An EPF (Employees Provident Fund) member can make 'full or partial' Withdrawal claim request
As per the old rule, 100% EPF withdrawal is allowed after 2 months of unemployment. EPF corpus withdrawal is exempted from tax but under certain conditions. Tax exemption on EPF corpus is permitted only if an employee contributes to the EPF account for 5 continuous years.
You may be asked to submit scanned documents for the purpose you have filled the form. The employer will have to approve the withdrawal request, and then only you will receive money in your bank account. It usually takes 15-20 days to get the money credited to the bank account
PF withdrawal for buying property An employee who has completed at least five years of contribution to his provident fund account, can withdraw money for the purchase of a plot and/or construction or purchase of a house
You can get PF from 2 different companies at one time. As PF laws don't have any clause to the contrary.
PF and EPS amount cannot be withdrawn after the completion of 10 years of your service because if you have completed 10 years of your service, your employer will necessarily have to provide you with the pension benefits
As per the provisions of the Income-Tax (I-T) Act, 1961, the accumulated balance in EPF that is payable to an employee is excluded from the computation of the total income, in case certain conditions are met. This means the withdrawal is exempt from tax and the individual need not show the same in the return as income.
Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly will be taxed from today, i.e., April 1, 2022. That limit has been set for government employees at a higher end of ₹ 5 lakh. With the new rules, the centre aims to prevent high earning people from taking advantage of government welfare schemes
EPF members can withdraw advance for the purpose of marriage of self, son, daughter, brother, and sister. After 7 years of EPF participation, the employee's portion of the contribution is reduced to 50% with interest only
Documents Required for EPF Withdrawal Online EPFO stipulates that individuals should possess vital documents before applying online for EPF withdrawal. Employees should arrange 2 revenue stamps, a valid bank account statement, Aadhaar Card, PAN Card, Voter ID Card and a cancelled blank cheque.
If an employer conducts a background check, they aren't restricted to the information on your application materials. They could check your entire employment history and if they do, they may be concerned if they find omissions, which could be held against you
Employer Contributions To PF Employer contribution to Provident Fund (PF), NPS and superannuation aggregating to Rs 7.5 lakh is tax exempt. Contributions beyond this limit, along with accretions (i.e., interest, dividend, etc.) on such excess contribution is now taxable as salary income effective from FY 2020-21
If you wish to withdraw the amount in your PF account after 5 years of continuous service (membership of the account) then the entire amount including the principal and interest withdrawn by you shall be tax-free. The interest earned with respect to your contribution and your employers' contribution is exempt from tax
EPFO members must have completed at least 5 years of service. The property must be in the name of the EPFO member, his/her spouse, or jointly owned by them. Only one withdrawal is allowed.
No. We value your time. We want to make it effortless and as simple as possible for you. You do not have to visit our offices, simply call us to discuss your concern and you can enjoy our UAN activation, KYC update, nominee update, PF withdrawal, Advance PF withdrawal, Full and final PF settlements services from the comfort of your home or office. Your favourite online EPF Consultant is just a call/text away.
We charge a nominal fee for our services. Our service charges are affordable and worth every rupee. have a query? speak to our EPFO consultant for free!
Yes. Absolutely. Your information is safe with us. We do not store your UAN ID and passwords. Also, EPFO has the most secure way of handling PF withdrawal requests, KYC updates, Fund transfers, and Nominee updates. We follow a transparent method of handling the entire process.
Yes. As it’s completely an online process, you do not have to visit our offices physically. Though we are located in Chennai, we get clients from Mumbai, Delhi, Noida, Pune, Hyderabad, Bengaluru, Chennai, Chandigarh, Bihar, Orissa, Kolkata, and Gujarat (in-short all of India). All you need to do is call us and we’ll help you address your PF-related queries. You can call us, email us, or WhatsApp us.