“Form 10C”

Overview of Form 10C

Form 10C is a document submitted to the Employees’ Provident Fund Organisation (EPFO) by an employee claiming retirement benefits from the Employees Provident Fund (EPF) account. This form is for those who have already completed their five years of continuous service and are attaining the age of 58 years. It allows eligible employees to withdraw the accumulated amount of their EPF corpus while continuing their job service with the same employer.

Form 10C is also used to make permanent advancement withdrawals to accomplish short-term and/or long-term expenses. Permanent advancement withdrawals are subject to certain conditions, such as the need to submit a Form 19, Form 10C, and Form 31. The total advancement withdrawal allowed from the EPF account is restricted to 50% of the full amount maintained in the respective account.

Purpose and Usage of Form 10C

Form 10C is used to apply for retirement benefits or a permanent advance withdrawal by EPF members from their account. It is a mandatory document for all those Employees Provident Fund (EPF) members who wish to withdraw their EPF corpus or avail permanent advance withdrawals while continuing their job tenure.

Information Required in Form 10C

Form 10C requires certain information to process an application for EPF withdrawals. It includes basic details of the PF member such as name, age and designation, establishment details like name of the establishment, address of the establishment, the type of industry, PF Account Number, date of exit from the employment, details of the bank into which the amount is to be sent, etc.

FAQs

What is Form 10C?

Form 10C is a document filed with the Employees’ Provident Fund Organisation (EPFO) for withdrawing either the accumulated amount of their EPF corpus while continuing their job service with the same employer or for a permanent advance withdrawal to meet short-term and/or long-term expenses.

Who is eligible for form 10C in PF?

Form 10C is applicable to Employees Provident Fund (EPF) members who have completed their five years of continuous service and are attaining the age of 58 years.

What is PF form 10C for?

Form 10C is a necessary document that enables EPF members to withdraw their EPF corpus. It can also be used to avail permanent advance withdrawals to fulfill short-term and/or long-term expenses.

Also See: Form I-9