Dear Sir/Madam, Can anyone please suggest whether we can employ a person with 77 years of age and keep him under payroll? What are the statutory implications like PF, ESI? Thank You
From India, Hyderabad
Acknowledge(0)
Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
You can employ him, check whether he remained a member of EPFO. If so, continue the membership. However, if the wages being paid to him are above the statutory limit, there is no need to comply with PF & ESI. In the case of continuation in the PF Scheme, the entire contribution will go to PF, and there is no Pension Scheme contribution to be remitted.
From India, Mumbai
Acknowledge(0)Amend(0)
1655From India, Mumbai
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.