If you are an employee, you can use Form 10C to withdraw money from your EPS account or obtain the EPS certificate before retirement without closing your account.
Read this comprehensive guide by H&R Block to know when and how you can use this form.
Depending on your situation, you may have to either file Form 10C or file Form 10D to claim monetary benefits of EPS.
You are eligible to file Form 10C only if:
Your family member or your nominee can file this form if you die after attaining the age of 58 years or more without completing 10 years of service.
You must attach the following documents with Form 10C:
The person filing Form 10C on your behalf must provide the following documents in addition to those mentioned above:
If you are filing online, your application is submitted through your employer. If you are filing offline, you (or the person filing the form) and your last employer must attest every single page of the Form.
In the absence of employer, any of those mentioned below are authorised to attest it.
Below are the steps to withdraw the pension amount with the help of Form 10C online:
Unlike online filing process, the offline process involves entering all the information manually in the form. Here is how you can file the physical Form.
You can use Form 10C to get the following benefits:
A: Yes, you need to fill Form 10C every time you switch job, if the company you join is covered by the EPF Act, 1952.
A: No, you must activate your UAN for withdrawing EPF.
A: You can withdraw up to 75% of the EPF after one month of retirement.
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We hope that this guide by H&R Block helps you in beneficially using Form 10C.