Most of the people do not know that they can withdraw 'partially' from their EPF account even when they are in the job for some specific and important reasons in life.
Here are the 6 major milestones in life or reasons for which you can take out the money from your EPF account:
** For Marriage Purpose of Self, Sibling and Children
** For Education of Self + Children
** Purchase/Construction of House or Flat
** Repayment of Existing Home Loan
** Repairs/Alteration of Existing House
** For Medical Treatment
Before you can continue calculating your EPF eligibility amount, you need to know the terms used here.
** ** ** Wages: 'Wages' means Basic Salary + DA (if any). So if you are earning Rs.60,000 per month take home, but your Basic Salary + DA is only Rs.23,000 per month and rest Rs.37,000 is other components, then for calculation purpose – “Wages” will be Rs.23,000 only and not Rs.60,000, which is generally confused with.
** ** ** Years of Service/Contribution: How old is your EPF account is the sum total of how many years you have worked. Do not confuse it with how long are you are employed in current job/company. Because Employee Provident Fund (EPF) is a centralized pension system. If you have worked for 3yrs, 4yrs and 2yrs in 3 different companies, then your EPF account would be considered as 9yrs old, provided you have transferred your old EPF accounts to the current one.
** Note: The eligible amount calculated by the app is just for your reference only and cannot guarantee the actual amount approved by the EPFO.
EPF Withdrawal Calculator is an Android Tools app developed by Liyaa Apps and published on the Google play store. It has gained around 5000 installs so far, with an average rating of 4.0 out of 5 in the play store.
EPF Withdrawal Calculator requires Android with an OS version of 4.0.3 and up. In addition, the app has a content rating of Everyone, from which you can decide if it is suitable to install for family, kids, or adult users. EPF Withdrawal Calculator is an Android app and cannot be installed on Windows PC or MAC directly.
Android Emulator is a software application that enables you to run Android apps and games on a PC by emulating Android OS. There are many free Android emulators available on the internet. However, emulators consume many system resources to emulate an OS and run apps on it. So it is advised that you check the minimum and required system requirements of an Android emulator before you download and install it on your PC.
Below you will find how to install and run EPF Withdrawal Calculator on PC:
If you follow the above steps correctly, you should have the EPF Withdrawal Calculator ready to run on your Windows PC or MAC. In addition, you can check the minimum system requirements of the emulator on the official website before installing it. This way, you can avoid any system-related technical issues.
| EPF Withdrawal Calculator APK 1.6 | 2.05 MB | 1.6 |
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