PF advance claim and other claims process, terms and conditions

1. Training Program
on
PF advance claim and other
claims process, terms and
conditions
HR Gen
Nikhil Kumar

2. Point of discussion
• EPF Form 31
• Form 19
• Form 10C
• Form 10D
• Composite Claim Form in Death Cases
Nikhil Kumar

3. EPF Form 31
• Form 31, also known as the EPF Advance Form
Nikhil Kumar

4. Form 19
PF Form No. Form – 19
Purpose Final settlement
Eligibility
All existing employees who want to close
their existing EPF account
How to Fill the Form online and offline(Only in Special cases
When is it Filled At least 2 months after leaving the company
Nikhil Kumar

5. Form 10C
• Claiming the benefits under the employee pension scheme
• All members of the EPS scheme satisfying the below
mentioned criteria can apply:
1. A person who has left employment before completion of 10 years and who has
attained 58 years of age before completion of 10 years of service.
2. A person who has completed 10 years in service and not attained 50 years of
age, or a member who is between 50 to 58 years of age and is unwilling to
settle with reduced pension.
3. Family/nominee of a member who died before completing 10 years of service
and was more than 58 years at the time of death.
Nikhil Kumar

6. Form 10D
EPF Form Form 10D
Purpose Pension withdrawal after retirement
Eligibility
Retirement (58 years) or after 50 years of age
(reduced pension)
When to Fill After retirement
Where to Submit
To be submitted to the EPFO through the
establishment
How to Fill Offline
Who has to Fill it
The employee or nominee (in case of death of
the employee)
Nikhil Kumar

7. TYPE OF PENSION
1.SUPERANNUATION PENSION
2. REDUCED PENSION
3. DISABLEMENT PENSION
4. WIDOW & CHILDREN PENSION
5. ORPHAN PENSION
6. NOMINEE PENSION
7. DEPENDENT PARENT
Nikhil Kumar

8. COMPOSITE CLAIM FORM IN DEATH CASES
• Form-20 (PF Payment)
• Form-10-D (Pension)
• Form - 5 IF (EDLI)
Nikhil Kumar

9. EDLI
• With effect from 28.04.2021
• EPFO has increased the maximum benefit to Rs.7 lakh
• minimum benefit of Rs.2.5 lakh
• The claim amount under ELDI is 35 times the average monthly
salary in the past 12 months.
• The maximum average monthly salary of an employee is capped
at Rs. 15,000
• The average monthly salary is calculated as the Basic + Dearness
Allowance of the employee
• A bonus of Rs. 1.75 Lakhs is also applicable under this scheme
Nikhil Kumar

10. EDLI Calculation
• If Monthly salary is 15000 (Basic + DA)
35*15000 = 5,25,000
5,25,000+1,75000 (Bonus) = 7,00,000
Nikhil Kumar

11. Nikhil Kumar