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Originally Posted by Samurai You are not understanding what I am saying. TCS has their own PF trust, if you jump ship, they will freeze your PF. How can you apply to government PF department when they don't have your money? |
As others said no matter who manages the fund it still belongs to employee.
The problem is that most software engineers leaving TCS are young and raw and the sum looks small to them in immediate terms to take legal recourse.
Even if Bond is legal they can send you notices for 'blood money' drag you to court , but if you send them FORM 13 they need to respect the transfer no matter what. And in case you send a lawyers notice for PF transfer I think as per procedure they will immediately return the FORM 13 and try to settle score ( If the person is hammer headed) by sending another notice for bond money which you need to deal in court.
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Originally Posted by Samurai Very very true. TCS used to file tax returns to all employees who worked in USA. Once I had to sign over my $800 cheque from US treasury to TCS. Generally they take POA so that the cheque comes directly to them. Sometimes if POA is not in place, the employee gets it directly, like I did once. It felt really bad to hand it back, but then those days TCS was run like a fiefdom of certain Fakir Chand Kohli. |
There was a class action suit filed in USA and TCS was forced to return the IRS amount. The decisions was very beneficial as other companies also stopped this malpractice. Samurai if you are particular you can still avail benefit.
The problem with TCS was that every minion in HR department thinks himself / herself not less then FCK
<OT>
( There was a joke in TCS that Uma Chand is his fathers name so as per tradition of Maharashtra the Nick should be elaborated including fathers name as middle name)
</OT>
Now my story with TCS and subsequent resignation.
I passed out of college in 1997 and got a very good offer from Campus recruitment in a hardware comp. a dream job for electronics graduate but east Asian finencial crisis of 1997 took it's toll and company went burst before they could honour offer letter. I pleaded my case with placement cell and they allowed me to appear for next Campus interview which was TCS.
I joined TCS and served them for over a year and decided to move on to another better job. I was lured for US stint etc but my objective was clear to stay in India and do what I consider is good.
At that time in whole mumbai I was the only one who offered to resign properly and pay 50K + 2 month notice salary almost 75K as bond amount which was a big money in those days for me.
My next employer was willing to pay this money they required a proper services certificate and were not willing to take any absconding employee owning to their stated corporate objective of being an ethical US midwest company
My project manager in typical PM fashion refused to send a mail stating that he can release me and wrote a mail instead that he consider me important resource as I was one of the only few in 40 member team who were not chair warmers blah blah .. Well this was a wrong time to be praised I would have liked to see this mail at the time of appraisal instead :-)
I submitted my resignation but there was one Mr. Novnil Bhattacharya
as HR manager may be just a few years older to me but he somehow believed that he owns TCS and thought himself to be all important and refused to receive the resignation.
He called me at lunch time laughed mockingly and continued to have his lunch making me wait ( not a best way to do if purpose of exit interview is to retain). He also refused to let me go before 2 months even if I pay all money as per agreement. I was too raw to consider all the legalities etc and to dig my feet in.
whole of the HR department was in tizzy because this was first incidence in the branch where some one was leaving after fulfilling all the formalities at least since the time they were in job ( not too long as you can guess)
Finally the issue was escalated to Bombay House ( Tata Sons HQ as TCS was a division of Tata Sons). People there handled it gracefully and thus mellowed down my bitterness and bad taste in mouth.
I handed over the cheque and shook hands with people there.
My PF Money got transferred to me after 13 months and I was pleasantly surprised that the kitty was bigger then I had calculated.
Looking back now I think I should have set the guy in question straight by escalating what happened to his bosses and top bosses in Bombay house I met . After few more years of experience I finally learnt how companies operate but in the beginning of the carrier you really do not know how to handle these kind of situations.