Now, I know everything about Provident Fund (India).

Hi Friends,

The Provident Fund briefing is with respect to the Country India.

I'm Anil Kumar, currently working as SQL Server DBA with Nsight Incorporated.
I would like to brief you about the most popular doubt every salaried person has regarding Provident Fund (India).

So, Provident Fund deductions from our PaySlip are our contributions called Employee Contribution.
Additionally the same amount is added to your PF account from the Employer's side, known as Employer Contribution.

The Employer contribution is bifurcated into two parts. They are:
1) Employer Share
2) Pension Contribution.

In the recent changes, the Pension Contribution must be Rs.1250

Test Case:
A is an Employee working for an Company named B drawing X salary in which his provident fund deducted is Rs.1800.
So, the Pension details for A starting June 2016 would be as follows:

In the month of March 2017, if A wants to withdraw the PF amount, he can show an emergency like Marriage, Hospitalization etc and can withdraw Rs.14400+4400=Rs.18,800.

Even if A has resigned the Job, he can withdraw the amount Rs.18,800 on a condition that he must complete atleast 6 months in his company B.

Here each and every employee has a most common question, i.e., What about the figure Rs.10,000.
This amount can only be collected when you reach the age of 50. So, note down all your UIDs and try not to change them if you get into a new company.

If you have your UID same for all your organizations, then your Pension Contribution gets added to the previous companies and thus there will be no head-ache at your age of 50 years.

If you have any queries, kindly let me know.