Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Employees’ Provident Fund (EPF) is a retirement benefits scheme which is available to all the employees earning a salary. Under this, a member invests a part of his salary every month, and the employer also makes an equal contribution towards EPF and EPS accounts of the employee. This fund is maintained under the Employees Provident Fund Organisation of India (EPFO). When you change job, you can either withdraw the pension amount or can transfer it to the new one by submitting an EPS Scheme Certificate. However, you can withdraw the accumulate pension amount using Form 10C after 180 days of continuous service and before completion of 10 years of the service period.
At the time of employment, the employee has a pension fund which he keeps secured with the government for his retirement. Further, if the employee has changed his/her job, the employee can carry forward the same account to his new company. However, if the employee fails to find a job, the employee may apply for withdrawal of funds. Thus, to avail the benefits and at the same time, retain the membership with Employee Pension Fund (EPF) the employee files a Form 10C.
The eligibility to apply in Form 10C is as follows:
Form 10C helps in claiming:
Have a look at them in detail:
Scheme Certificate: You can claim this certificate when the complete period of service of your employment is:
Withdrawal Benefit: This certificate is issued if you have been in service for less than 9.5 years, and has not reached the age of 50 years as of application date. Also, the scheme allows you to withdraw your pension money before attaining the age of retirement
Some of the essential information needed for Form 10C are:
Moreover, you need to be cautious at the time of filling the above details without any strikes/ corrections/ overwriting. In case of any corrections, it shall be attested.
Follow the below important instructions:
A professional help can help in you saving your taxes and filing income tax return precisely. This is when we come into the picture. You can either use our tax filing platform to easily file your tax return or let our tax experts file it for you. Besides, we have a team of in-house tax experts who can accurately file your tax returns online while giving you maximum tax benefits.
In case of any other information, you can reach to us or can drop a mail at info@enterslice.com.
Also Read: All about EPF (Employee Provident Fund)
Experiencing the loss of a loved one is one of the deepest emotional hardships a person can fac...
On January 16, 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial...
Over the decades, the Oil and Natural Gas Corporation (ONGC) has been a key pillar in the portf...
The Reserve Bank of India, on April 11, 2025, posted a Press Release No. 2025-2026/96 on their...
Hong Kong is widely recognized as a leading global business hub, known for its free-market econ...
Are you human?: 9 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Because its concept and application are difficult to understand, deferred income tax is one of the top ten causes o...
22 Feb, 2022
The CBDT has notified ‘the Centralised Processing of Equalisation Levy Statement Scheme, 2023’ vide Notific...
05 Jun, 2024