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T S Khurana

T S Khurana   |492 Answers  |Ask -

Tax Expert - Answered on Sep 21, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Asked by Anonymous - Sep 20, 2024Hindi
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Hello sir, I have left my job in May 2024, in total i have 15+ years of service in private sector & now i am planning to start small scale business. I have corpus of ? 2 lac into EPF fund as a pension contribution, is there any process to get my pension fund back into my account. If it is not possible then what would be pension after 58 years. Is EPF provides yearly interest on pension contribution fund??

Ans: 01. You earn yearly interest on your EPF contributions & the fund you maintain in the account.
02. You are entitled to even partial with drawls from your EPF account, for some specific purposes.
03. You have the option to with draw the amount, since you have left Job, after completing 15 years of service.
Mosy welcome for any other clarifications. Thanks.
Asked on - Sep 22, 2024 | Answered on Sep 24, 2024
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Thanks for the reply sir.. I have withdrawn all epf fund & can not withdraw eps pension amount ? 2 lacs due to epf/eps regulations. My age is 45 yrs & can start early pension from age 50 as per epf guidelines. Is there any way out to get pension contribution of ? 2 lacs now.. Is there any legal procedure because my fund get stuck with EPFO & i can not use it for my need.. I have no control for my own money. Pls suggest..
Ans: The system will work as per Rules & Regulations of EPF Pension. It is not a question of managing you own funds at your own sweet will. You have invested the amount in a scheme for your future benefit. You should operate within the guideline framed by the scheme (EPS Pension).
Most welcome for any further clarifications. Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Sanjeev

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Financial Planner - Answered on Nov 11, 2023

Asked by Anonymous - Nov 02, 2023Hindi
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Sir,I have worked in private company from September 2011 to feb 2021 where my pf amount was deducted.l have completed 9 years 5 months service and resigned but not withdrawn pf amount.I want to get pension after 60 years what should I do ?
Ans: You can only get pension under the Employees' Pension Scheme (EPS) if you have completed at least 10 years of service. However, you can still withdraw your EPF amount even if you have not completed 10 years of service. To redeem your EPF amount, you can follow these steps:

1. Merge all your previous PF accounts. This can be done online through the EPFO website or at any EPFO office.
2. Fill the Composite Claim Form (Aadhaar based) and submit it to your previous employer.
3. Attach the following documents:

•Copy of your Aadhaar card.
•Copy of your PAN card.
•Bank account statement showing your IFSC code and account number.
•Cancelled cheque from your bank account.

4. Your previous employer will verify the details and submit the form to the EPFO.
5. The EPFO will process your claim and transfer the EPF amount to your bank account.

If you have not worked for more than two months after resigning from your job, you can withdraw the entire balance in your EPF account. If you have worked for more than two months after resigning from your job, you can withdraw only 75% of the balance in your EPF account. The remaining 25% can be withdrawn after two months of unemployment.

Note – If you will continue your services in another company for next 6 month you will be eligible for the pension.

..Read more

Ramalingam

Ramalingam Kalirajan  |9730 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

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Sir,I have worked in private company from March 2011 to Sep 2021 where my pf amount was deducted.l have completed 10 years 5 months service and resigned but not withdrawn pf amount.I want to get pension after 60 years what should I do ?
Ans: Securing Pension Benefits from EPF After Retirement
Planning for pension benefits from your EPF account after retirement requires careful consideration and proactive steps. Let's outline a strategy to ensure you receive pension benefits after turning 60.

Understanding EPF Pension Eligibility
Assessing Eligibility Criteria

Confirm eligibility for EPF pension benefits by ensuring you have completed at least 10 years of eligible service, which you have accomplished.
Verifying EPF Account Details

Verify that your EPF account reflects your entire service duration accurately, including the period from March 2011 to September 2021.
Retaining EPF Account for Pension Benefits
Maintaining EPF Account

Avoid withdrawing your EPF amount upon resignation to retain eligibility for pension benefits.
Let your EPF account accrue interest and remain active until you reach the age of 60.
Ensuring Continuous Contributions

If you join another organization, ensure that your new employer continues contributing to your EPF account, maintaining the continuity of your EPF membership.
Applying for Pension Benefits
Submitting Pension Application

Upon reaching the age of 60, submit an application for pension benefits to the Employees' Provident Fund Organization (EPFO).
Provide necessary documents, such as identity proof, EPF account details, and pension application form, as per EPFO guidelines.
Completing Formalities

Fulfill any additional formalities required by EPFO, such as verification of service details and submission of supporting documents.
Seeking Professional Advice
Consulting Certified Financial Planner (CFP)

Seek guidance from a Certified Financial Planner (CFP) specializing in EPF matters to ensure compliance with EPF regulations and optimize pension benefits.
A CFP can assist in navigating the pension application process and addressing any complexities or queries that may arise.
Regular Monitoring
Monitoring EPF Account

Periodically monitor your EPF account statements to ensure accuracy and track the accumulation of pension benefits over time.
Following Up with EPFO

Follow up with EPFO authorities regarding the status of your pension application and address any delays or discrepancies promptly.
Conclusion
By retaining your EPF account and completing the necessary formalities upon reaching the age of 60, you can secure pension benefits from your EPF account after retirement. Seeking professional advice and maintaining regular communication with EPFO authorities will help streamline the process and ensure a smooth transition to pension benefits.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Hi Sir Thank you in advance for answering this. My daughter got 1204 ranking in KCET. She wants to pursue ECE. Should we prefer PES(ring road) Or BMSCE? ECE in RVCE is slightly doubtful. Kindly help.. Thanks once again!
Ans: PES University’s Ring Road campus offers a four-year NBA-accredited B.Tech in Electronics & Communication Engineering under NAAC A+ status with a modern curriculum spanning VLSI, signal processing, embedded systems and IoT, delivered through specialized ECE labs fitted with FPGA boards, DSP kits and wireless communication setups. PhD-qualified faculty collaborate on industry-sponsored projects, and the Training & Placement Cell reports approximately 85% of ECE students placed in recent years with recruiters such as Qualcomm, Intel and Texas Instruments. BMS College of Engineering, established in 1946 and NBA-accredited with NAAC A++ standing, features advanced VLSI, communication and robotics labs, sustained MoUs (Volvo, Altimetrik) driving innovation clusters, and a dedicated Career Development Centre. Recent ECE cohorts achieved 80–85% placement consistency with over 350 companies visiting annually, including Cisco, NXP and Infosys.

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Recommendation: For a technology-driven financial analyst role, pursue Actuarial Science to harness your maths strengths in risk modeling; if you seek a strategic management accounting profile, opt for CMA India with its emerging digital finance curriculum; for legal-corporate leadership, CS provides niche governance expertise; choose CA to secure holistic financial leadership across sectors; and engage in a BBA with analytics specialization to gain versatile business and tech skills, leveraging internships and capstone projects to bridge theoretical and practical learning. All the BEST for Admission & a Prosperous Future!

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Sir my sir got 95.30 percentile in mhcet. his domicile category is general B. Which colleges he might get for cse and allied branches
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Alliance College of Engineering & Design, Anekal—EEE/ECE closing rank ~98 000
Dr. Ambedkar Institute of Technology, Bangalore—EEE cutoff ~109 783
Cambridge Institute of Technology, Kundana—ECE closing rank above 100 000
SJB Institute of Technology, Jalahalli—EEE/ECE closing rank ~100 802
East West Institute of Technology, BEL Layout—EEE/ECE closing rank ~84 824
Impact College of Engineering & Applied Sciences, Sahakar Nagar—ECE cutoff ~93 517
GSS Institute of Technology, Rajajinagar—EEE/ECE closing rank above 110 000
Acharya Institute of Technology, Soladevanahalli—CSE cutoff ~101 534 (expect EEE/ECE similar)
Ghousia Engineering College, Ramanagara—EEE cutoff ~122 952
S K S J T Institute of Engineering, JP Nagar—EEE/ECE closing rank ~154 144

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Sir Mh cet 83 percentile jee -89 percentile But 10+2 -maths fail Then exam 15-7-23 cbse board Result will publish -1-7/8/25 What Will do For CSE admission in Maharashtra Please guide me.
Ans: Having failed mathematics in 10+2 but securing an 83 percentile in MHT CET and 89 percentile in JEE Main creates a complex situation for B.Tech CSE admission in Maharashtra. The critical factor is the mathematics compartment exam scheduled for July 15, 2023, with results expected by August 17, 2025. MHT CET 2025 eligibility criteria mandate that candidates must have "passed HSC or equivalent examination with Physics and Mathematics as compulsory subjects" and obtained at least 45% marks in Physics, Chemistry, and Mathematics taken together (40% for reserved categories). Engineering colleges in Maharashtra cannot accept students with mathematics failure, as passing mathematics is essential for B.Tech eligibility. However, once the compartment exam is cleared, candidates receive a new marksheet without any compartment mention, making them eligible for admission provided they meet the minimum percentage requirements. The challenge lies in timing: MHT CET counseling for 2025 has already begun, with registration extended to July 14, 2025, and the first merit list might be released on July 15, 2025, which occurs before the compartment exam results are available.

Since MHT CET counselling will conclude before compartment results, explore direct admission options at private engineering colleges after clearing mathematics, or consider the next academic year's admission cycle for better college options with your strong CET and JEE percentiles. (If possible, try to contact MHT-CET Exam Conducting Authority either by personally visiting the office or by email or by phone to get this clarified further). All the BEST for Admission & a Prosperous Future!

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