Online employee Provident fund Withdrawal claim

Employees' Provident Fund Organisation or EPFO will launch online employee fund withdrawal claim on 3rd July or 4th July. Initially it will be open for selected EPFO offices and later it will be rolled out to all EPFO office. This move is very beneficial to more than 50 million EPFO subscribers.

EPFO will setup central clearance house to settle all claims which includes withdrawal and transfers of funds claims. Once EPFO receives online employee provident fund claim then it's EPFO's responsibility to verify the previous employer details and settle the claim. Earlier employee has to contact previous employer to initiate EPF withdrawal or transfer claim.

Stay Tuned for more step by step details to initiate your PF withdrawal or transfer claim online.

ACTION:-India Annual Tax Refund Notification Alert 2013

   Dear Valued Taxpayer, If you receive email with   subject "ACTION:- India Annual Tax Refund Notification Alert 2013" or "ACTION REQUIRED: INDIA TAX REFUND ALERT:- APPLY URGENTLY" then don't be hurry to click the link given in mail and get your refund.

It's not authentic email address of Income tax department of india. it's phishing attack to your email address. Once you click on this link then it will open another webpage asking your bank account details with PASSWORD and personal information and it will be certainly used against your interest and you will be at huge loss.

Safeguard yourself : 
1. If you are expecting some response from income tax department then please go to the authentic website and check your refund or return status there. 
2. If you click on such link and provided your personal information, please change your internet banking password immediately and track your account very closely for next couple of months.

it's possible that you are already aware about phishing account but believe me there are thousands people who are innocent and does not know risk about internet banking.

Have you ever get cheated like this ? please share your views or experience with us.

Text of Fake Email for reference :
Dear Valued Taxpayer,

As Part of Our Duty this 2013,
We have reviewed your tax fiscal payment for previous years and have resolved that you are qualified for a refund settlement of the sum of 34,120.25 INR which is your accumulated tax excesses. Please submit a tax refund request and allow us to process it within 7(seven) working days. 

To submit a request CLICK HERE 

We appreciate taking the time to learn about our tax refund. It's one more way Income tax department can make your tax payment experience better. 
Endeavor to fill in your Information correctly,to enable us make refund to your account without any delay. 

Refund can be delayed for some reasons: 

  • Applying after deadline of notification.
  • Submitting incorrect account information.
Tax Refund Department
Department of revenue,
Ministry of finance, India.

Employee provident fund - EPF FAQ

1) What is the difference between EE and ER amount In EPF Balance Inquiry SMS?
EE : EmployeE contribution
ER : EmployeR contribution

2) Why EE and ER are different amount in EPF Balance Inquiry SMS?
Many people think EE and ER should be same because employer is contributing the same amount as employee. But employer contribution is divided into two parts 1) ER 2) EPS
Please read Employee Provident fund Contribution for more details.

3) Why my EPF account is dormant account?
If there is no fresh deposit for 3 years in EPF account then your account will be inactive/dormant and you will not get interest from that date.

4) While checking EPF balance online, it shows “Invalid Member_id / Data not updated against this account”.
There could be many reasons for this error.
 - You are not using the correct establishment code like KN/BN,BG/BGN
 - Your PF account is not managed by government EPFO but managed by your company privately.
 - Your PF account is in dormant status(Sometime it shows wrong balance for dormant account)

5)  Important EPF forms.
Form 19-To be submitted by a member to withdraw his Provident Fund dues on leaving service/retirement/termination.
Form 10c- For eps contribution claim
- Refund of Employer share.
- Withdrawl benefit
- Scheme certificate for retention of membership
Form 13 -You just have to fill form 13 to transfer your P.F amount  and submit in new company.It will transfer EE+ER+EPS amount.

6) Is EPF withdrawal amount is taxable ?
Yes, if your EPF account is not 5 years old and EPF amount will be added into your taxable income and will be taxed according to your tax slab.
Let’s assume you have EPF account since 1st JAN 2005 and there is no fresh investment from 1st JAN 2008 (because you left company). The EPF withdrawal amount will be taxable if you withdraw before 1st JAN 2010 but it will be non taxable if you withdraw after 2nd JAN 2010.

7) What are the eligibility rules to get employee pension scheme benefits?
Employee should complete membership of the employee pension scheme for 10 Years.
It means you should not withdraw EPS money for continuous 10 years and you should transfer money to next company whenever you change company.

8) How do I know your EPF withdrawal claim status?
Please follow to get status.

9) How do I know your EPF balance online?
Please read EPF Balance - Employees' Provident Fund Balance online for step by step process.

10) How do i register my grievance for EPF or EPFO?
Please go to website and submit and track your EPF/EPFO grievance.