Wednesday, January 13, 2016

New Test for entry to engineering bring more difficulty for parents

New Test for entry to engineering bring more difficulty for parents

Now more power to coaching industry due to this add on  now normal subject level guidance fee will 1.5 times due to this add on of aptitude.

As concern as subject oriented guidance student still need to study full year because 2-3 month practice is really not give platform to crack the  exam like IIT/NIT or premium engineering exams

Feedback mark to the new  proposal by HRD is 2 -3 out of 10 scale by parents

Ref ; http://www.hindustantimes.com/education/new-test-for-entry-to-engineering-to-be-first-conducted-this-october/story-Dr6rRCbkCqKcUMXMCEovsO.html




Tuesday, January 12, 2016

UAN Enabled EPF Withdrawal Online if Aadhar, PAN, and Bank KYC updated PF Partial withdrawal Rule 19,10C and for advance form 31

UAN Enabled EPF Withdrawal Online if Aadhar, PAN, and Bank KYC updated  PF Partial withdrawal Rule 19,10C and for advance form 31

https://unifiedportal-mem.epfindia.gov.in/memberinterface/



Now, employee can submit their PF claim for withdrawn/Advance with new  form 19 UAN,10C UAN & 31UAN directly to the commissioner without employer attestation, It is applicable for those employees whose details like Aadhaar number and Bank account number have been seeded in thier UAN and whose UAN have been activated and their KYC have been verified by the employer.

All other employees who not full filling  the above condition shall continue to make their claims of withdrawn/Advance in existing form 19, 10C & 31. 


EMPLOYEE PROVIDENT FUND- PF  Partial withdrawal Rule


Advances / Withdrawls
Advance/ Withdrawals may be availed for the following purposes :
  • Marriage / Education
  • Treatment
  • Purchase or construction of Dwelling house
  • Repayment of Housing Loan
  • Purchase of Plot
  • Addition/Alteration of House
  • Repair of House
  • Lockout
  • Withdrawal Prior to Retirement
  • Other Advances
  • Notes
For Marriage / Education
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-k of the SchemeFor the marriage of:
  1. self
  2. son, daughter
  3. brother, sister
For education of :
    • self
    • son, daughter
Should complete atleast 7 years of service. 3 times in the entire service50% of Employee share at the time of tendering the applicationApply in Form-31 through the Employer

Bonafide Certificate duly indicating the fees payable from the educational institution

Marriage invitation card along with the
application should be submitted through the employer           

For Treatment                            
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-j of the Scheme

Whenever required for treatment

For the treatment of :
  1. self
  2. Hospitalisation for 1 month or more
    1. major surgical operation in a hospital
    2. suffering from TB, leprosy, paralysis, cancer, mental derangement or heart ailment
      and having been granted leave by his employer for the treatment of said illness
  1. family( spouse, son, daughter, dependent father, mother)
    1. major surgical operation in a hospital and 1 month or more hospitalisation for the operation
    2. suffering from TB, leprosy, paralysis, cancer, mental derangement or heart ailment
  • No minimum service required
  • Certificate from ESI or from Employer that the ESI facility are not available to the member
  • a doctor [ or registered medical practitioner] of the hospital certifies that a surgical operation or hospitalisation for 1 month or more is/was necessary
  • In case of TB, leprosy ...etc., a specialist doctor should certify
6 times of Wages

OR

Full of Employee share
(whichever is less)
Certificates of proof as mentioned in the eligibility column

Apply in Form-31 through the Employer
For he construction/ purchase of dwelling unit (house/ flat)                           
Type of Advance
Purpose
EligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B of the Scheme

Only Once (either 'construction or purchase of house' or 'repayment of housing loan)

Apply in Form-31
For the construction/ purchase of dwelling unit (house/ flat)
  • Should complete 5 Years of service
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than the spouse
36 times of WagesDeclaration in the Proforma obtained along with application signed by Member

Apply in Form-31 through Employer
Repayment of housing loan                    
Type of Advance
Purpose
EligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-BB of the Scheme

Only Once (either 'construction or purchase of house' or 'repayment of housing loan) Apply in Form-31

Repayment of housing loan

  • Should complete 10 Years of service
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
36 times of WagesDeclaration in the Proforma obtained with approval and signed by the Member

Apply in Form-31 through the Employer
r the purchase of site/ plot                  
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B of the Scheme

Only Once

For the purchase of site/ plot
  • Should complete 5 Years of service
  • Only once in service
  • property should be registered in the name of self or jointly with spouse 
  • should not be a joint property owned by other than spouse
24 times of WagesFilled-up Declaration(from the Employee in the prescribed form and enclosed with the application.

Copy of the Purchase Agreement

Apply in Form-31 through the Employer
Addition/alteration of house                  
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B(7) of the Scheme

Only Once

Apply in Form-31
Addition/alteration of house
(same type of advance can be availed for repair of house)
  • Should complete 5 Years after construction
  • Annexure III (construction / completion certificate/ utilisation certificate) should be submitted
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
12 times of WagesCertificates of proof

Apply in Form-31 through the Employer
Repair of house                                                        
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-B(7) of the Scheme

Only once    
Repair of house
(same type of advance can be availed for alteration of house)
  • Should complete 10 Years after construction
  • Annexure XIII (construction completion certificate) should be submitted
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
12 times of WagesCertificates of proof

Apply in Form-31 through the Employer
Lockout or closure of the establishment                          
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-H of the Scheme

Whenever need arises    
Lockout or closure of the establishment
  • No minimum service
  • should be closed for more than 15 days
  • Wages for atleast 2 months is not paid
  • Balance should be there in Employee's share. If closed for more than 6 months, advance can be allowed from Employer's share also
equivalent to the total of wages multiplied by no. of months closedDeclaration

Apply in Form-31
Withdrawal prior to retirement                                
Type of AdvancePurposeEligibilityMaximum Admissible Amount**Proof/ documents required
Under Para 68-NN of the Scheme

Only once    
Withdrawal prior to retirement
  • No minimum service
  • atleast 54 years of age
  • 1 year before retirement
90% of total of both sharesCertificate from the employer showing the date of retirement

Apply in Form-31

Public Provident Fund - PPF Partial Withdrawal Rule


Public Provident Fund - PPF  Partial Withdrawal Rule 



you can make one withdrawal per year starting from your seventh year. The first withdrawal can be done after the expiry of 5 full financial years from the end of the year in which your initial subscription was made. The amount of withdrawal will be limited to 50% of the balance at credit at the end of the fourth year immediately preceding the year in which the amount is to be withdrawn, or the balance at the end of the preceding year, whichever is lower, as per the PPF rulebook. Thereafter, you can make one withdrawal per year. The withdrawal amounts are not repayable.


apply in Form C or as near thereto as possible, together with his pass book to the Accounts Office withdrawing from the balance to his credit, an amount not exceeding fifty per cent of the amount that stood to his credit at the end of the fourth year immediately preceding the year of withdrawal or at the end of preceding year, whichever is lower,