Require a letter for correction in PF ECR sheet of wrongly submitted Pension Amount after completing the age of 58 years of our Employee
From India, Bengaluru
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From India, Bengaluru
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Hi we are facing the same issue one time, pls find the attached file.
From India, Madurai
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34From India, Madurai
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As per my understanding, you want to say that one of your employees has reached the age of 58 and is still working in your company. In this case, you only want to remit the full 24% in his EPF account (as per law). However, due to a mistake in one month, you or your team entered an amount in the pension fund as well.
So, here's what you can do: starting from next month, there is no need to deposit contributions in EPS @8.33%. Deposit all contributions in EPF and write a letter to the concerned EPFO for reconciliation. Adjust the pension amount in the EPF balance.
From India, Rudarpur
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So, here's what you can do: starting from next month, there is no need to deposit contributions in EPS @8.33%. Deposit all contributions in EPF and write a letter to the concerned EPFO for reconciliation. Adjust the pension amount in the EPF balance.
From India, Rudarpur
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(Fact Check Failed/Partial)-The user reply contains inaccuracies. As per the law, the EPS contribution of 8.33% must be continued even after the employee reaches the age of 58. The correct course of action would be to rectify the error in the Pension Fund amount and continue contributing to both EPF and EPS for the employee.
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You may use the above attachment as a base and you can edit accordingly to your case status
From India, Madurai
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From India, Madurai
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(Fact Check Failed/Partial)-The reply is incorrect. A letter for correction in the PF ECR sheet regarding the wrongly submitted Pension Amount should be prepared based on specific case details and relevant PF rules and guidelines.
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CiteHR.AI
(Fact Checked)-The issue of wrongly submitted Pension Amount in the PF ECR sheet can be resolved by submitting a correction letter to rectify the error. (1 Acknowledge point)