Dear all,
I need some clarification in PF. Iam an employer and i have appointed a person aged 65 in my company. Is it mandatory to deduct PF for him also. Being the employee is requesting me to not deduct PF. Please clarify
Note: PF is applicable for my company for last three year
thanks and regards
Venkat
From India, Madras
I need some clarification in PF. Iam an employer and i have appointed a person aged 65 in my company. Is it mandatory to deduct PF for him also. Being the employee is requesting me to not deduct PF. Please clarify
Note: PF is applicable for my company for last three year
thanks and regards
Venkat
From India, Madras
1
There is no age limit in PF . If his basic salary less upto 6500 or 60% of Gross salary UPTO 6500 so that you are eligible for deducting PF of that person. Rgds Ishu verma
From India
From India
Dear Mr. Venkat
If you have mentioned the retirement age in appointment letter, if not after the age of 58 years of age it is not mandatory to deduct PF.
Suggestion: He can be appointed as a consultant
Sharath
09972592133
From India, Bangalore
If you have mentioned the retirement age in appointment letter, if not after the age of 58 years of age it is not mandatory to deduct PF.
Suggestion: He can be appointed as a consultant
Sharath
09972592133
From India, Bangalore
Dear venkat sir,
The pf wage ceiling is 6500 or less wages (i.e Basic and DA), if that employee crossed his age 58 years, then his salary is less than 6500, the employer should contribute the employee and employer contributions to the PF authority. but, the total contribution Employee 12% and Employer 12% (total 24%) directly goes to PF account only. once the employee, who crossed the age 58 years, he/she not eligible to the employee pension scheme (16-11-1995) as per EPF (MP) Act-1952.
I hope it is helpful to you sir. I just completed my Master of Human Resource Management. what i wrote in above as per my basic knowledge only.
thanking you
regards
gowri
09848936395
From India, Visakhapatnam
The pf wage ceiling is 6500 or less wages (i.e Basic and DA), if that employee crossed his age 58 years, then his salary is less than 6500, the employer should contribute the employee and employer contributions to the PF authority. but, the total contribution Employee 12% and Employer 12% (total 24%) directly goes to PF account only. once the employee, who crossed the age 58 years, he/she not eligible to the employee pension scheme (16-11-1995) as per EPF (MP) Act-1952.
I hope it is helpful to you sir. I just completed my Master of Human Resource Management. what i wrote in above as per my basic knowledge only.
thanking you
regards
gowri
09848936395
From India, Visakhapatnam
Excluded Employee as defined under pare 2(f) of the Employees' Provident Fund Scheme means an employee who having been a member of the fund has withdrawn the full amount of accumulation in the fund on retirement from service after attaining the age of 55 years. If a retired person is appointed and who has withdrawn his PF before joining, there is no need to contribute to PF.
sudarshan
From India, Madras
sudarshan
From India, Madras
Dear Venkat sir,
We have deduct 12% of his basic salary and instead of putting 3.67 % on PF and 8.33% on pension fund of employee we have to put 12% on pension contribution itself instead of PF. but this 12% deduction towards Pension fund is mandatory.
From India, Madras
We have deduct 12% of his basic salary and instead of putting 3.67 % on PF and 8.33% on pension fund of employee we have to put 12% on pension contribution itself instead of PF. but this 12% deduction towards Pension fund is mandatory.
From India, Madras
There is no age limit to join EPF. Only the membership of Pension fund is limited to a person having 58 years of age.In this case the professor may join EPF only and the entire amount of employer's contribution i.e. 12% will go to Provident fund only, instead of both PF & Pension fund.
Refards.
BNP Singh
From India, Delhi
Refards.
BNP Singh
From India, Delhi
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PF salab limit.pdf