if an employee want to serve in the same company after 58+ then his/her EPF contributin is applicable or not ? With Regards Urmila Mundlia
From India, Delhi
From India, Delhi
Hi Ms.Urmila You shall deduct PF and the full contribution of ER contribution should go to PF itself. You should not consider 8.33% of contribution to EPS
From India, Bangalore
633From India, Bangalore
Dear friends,
Mr. Jeevarathnam is correct. There is no age limit for PF membership. But as the EPS contribution has to be ceased on the date of completion of 58 years, further it is to be remitted to Individual PF account.
Abbas.P.S
From India, Bangalore
Mr. Jeevarathnam is correct. There is no age limit for PF membership. But as the EPS contribution has to be ceased on the date of completion of 58 years, further it is to be remitted to Individual PF account.
Abbas.P.S
From India, Bangalore
Dear Sir Thanx for your valuable reply if any 58+ joins new company, then employer’s contribution is given or not to the employees.
From India, Delhi
From India, Delhi
Hi Once again its left to the organisation. If both parties are willing to contribute then sure shall be contributed. Once again there won’t be EPS share. Entire funds should go to EPF only
From India, Bangalore
From India, Bangalore
Dear All After attending the age of 58+ that employee will get the pension from his EPS account with his new employment. With Regards Raj Asiwal
From India, Meerut
From India, Meerut
Employer’s contribution is depends in basic+da 6500/-p.m. wage ceiling limit. ifs its higher then wage ceiling for p.f. then its discretion of employer to pay share.
From India, Ahmadabad
From India, Ahmadabad
Dear Sir,
After retirement age of 58 years, the employer need not deduct and pay the PF contributions in general case.
But if the employer is willing to continue any employee's PF contribution, he can do the same. But the amount to be remitted
in EPF account only. Not necessary for payment to FPF.
D.Gurumurthy
LL.HR & IR Consultant
Hyderabad.
From India, Hyderabad
After retirement age of 58 years, the employer need not deduct and pay the PF contributions in general case.
But if the employer is willing to continue any employee's PF contribution, he can do the same. But the amount to be remitted
in EPF account only. Not necessary for payment to FPF.
D.Gurumurthy
LL.HR & IR Consultant
Hyderabad.
From India, Hyderabad
Let me add my opinion that if the employee who is continuing in service after the retirement age (58 years) is in receipt of PF Pension only he is to be excluded. Otherwise, he will continue to be covered by PF and, as stated by others, his employer contribution of 12% shall exclusively be paid to Provident Fund without splitting it as 8.33% to Pension fund and 3.67% to Provident Fund. Therefore, the receipt of Pension (for that he should have at least for 10 years or 9.5 years PF subscription)
In another instant, if he is not continuing the same service but has withdrawn the PF benefits after his attaining 58 years and then he is joining or rejoing your company, then also you exclude his from PF.
Madhu.T.K
From India, Kannur
In another instant, if he is not continuing the same service but has withdrawn the PF benefits after his attaining 58 years and then he is joining or rejoing your company, then also you exclude his from PF.
Madhu.T.K
From India, Kannur
I am working in a Ltd. company , there is one lady in my company who has completed her 58 years in july12, but still she is working in my company on off role basis and we have made her full & final also. let me know that she can apply or not for her pf contribution.
With Best Regards
Urmila MUndlia
From India, Delhi
With Best Regards
Urmila MUndlia
From India, Delhi
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EPF ON LINE REGN. USER MANUAL.pdf