Dear all,
If an employee completed 58 years of age and running 60 years now and continuing in service, Whether the PF contribution is payable to him or can be stopped with immediate effect?
Please reply with suitable suggestions.
Thanks
Murthy
From India, Bangalore
If an employee completed 58 years of age and running 60 years now and continuing in service, Whether the PF contribution is payable to him or can be stopped with immediate effect?
Please reply with suitable suggestions.
Thanks
Murthy
From India, Bangalore
If he is a covered employee, he can continue. However, employer's share of 12 % should not be bifurcated and the entire 12% should be deposited in his EPF account and not as 8.33% in Pension fund account and the balance, 3.67% in Provident Fund account.
If such an employee was earlier a member of employees provident fund but had withdrawn his EPF benefits in full and has now reemployed, then he need not be covered.
Regards,
Madhu.T.K
From India, Kannur
4249If such an employee was earlier a member of employees provident fund but had withdrawn his EPF benefits in full and has now reemployed, then he need not be covered.
Regards,
Madhu.T.K
From India, Kannur
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Employer-PF-res trict to wages of Rs 6500.pdf