Hi,
After 58 year you can not give the employment in the industry on actual roll as per rulls, you can hire as contractual basis.
If, you can take the employee after 58 yrs on the roll, then you shall deduct PF if his Basic Salary fix less then Rs. 6500/- PM
Thanks & regards
Manoj Kumar
From India, Delhi
After 58 year you can not give the employment in the industry on actual roll as per rulls, you can hire as contractual basis.
If, you can take the employee after 58 yrs on the roll, then you shall deduct PF if his Basic Salary fix less then Rs. 6500/- PM
Thanks & regards
Manoj Kumar
From India, Delhi
if an employee joined the organisation at the age of 60.....deduction of PF is valid??
does it makes any difference if the internal rules of organisation states the age of retirement as 60.
Pls advise
From India, Mumbai
does it makes any difference if the internal rules of organisation states the age of retirement as 60.
Pls advise
From India, Mumbai
The age of superannuation is an internal matter of an organisation. Therefore, if the policies of the company permits you can employ persons above 60 years of age also. There is nothing wrong in deducting EPF also. However, the entire 12% payable/ contributable by the employer should go the Employees Provident Fund only and not like 8.33% to Pension Fund and the balance to EPF.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
Dear,
If you give the employment any person after age of 60 years this is the first violance of the rule.
if you have hire any person after 60 year, then you have a certifying standing order in the company and age bar decided in the standing order otherwise you hire the person as a consultant / on contractual basic as agreement basic.
Thanks & regards
Manoj
From India, Delhi
If you give the employment any person after age of 60 years this is the first violance of the rule.
if you have hire any person after 60 year, then you have a certifying standing order in the company and age bar decided in the standing order otherwise you hire the person as a consultant / on contractual basic as agreement basic.
Thanks & regards
Manoj
From India, Delhi
Dear Friends,As per the Employees Pension Scheme if the employee cross his age 58 years he has not elegible for the EPS scheme. But he is elegible for Provident Fund. This may have to get the permission from the RPF office, because the interest rate will be caleculated, also it is the duty of the employer to inform in writing with Form 10. These are all depending one the company policy matter, if the management is not will to put the employee on roll then he has not elegible for that also.Regards,PBS KUMAR
From India, Kakinada
From India, Kakinada
Dear Yes, MR. PBS kumar is right, before engaging , its better to ask to RPF office. otherwise engaged on contact basis. if you need a draft letter .plz ask for the same Mahesh Patel
From India, Ahmadabad
From India, Ahmadabad
Dear All
Please let me know the clear for allowances can add for the calculate esi or not if we prepared the salary structure is as under then write or wrong:
BASIC : 5000/-
HRA : 2500/-
TRPT. ALLOWANCE : 2000/-
MGMT. ALLOWANCE: 510/-
AFTER that we can count out of esi or under esi of that person, please clear about this.
manoj Kumar
From India, Delhi
Please let me know the clear for allowances can add for the calculate esi or not if we prepared the salary structure is as under then write or wrong:
BASIC : 5000/-
HRA : 2500/-
TRPT. ALLOWANCE : 2000/-
MGMT. ALLOWANCE: 510/-
AFTER that we can count out of esi or under esi of that person, please clear about this.
manoj Kumar
From India, Delhi
Dear Aby Jose,
As Mr. Madhu specifically stated, joining and retirement are internal matters of the organisations, which is to be dealt seperately. Regarding enroll in EPF and EDLI, there is no age bar. Except in the case of EPS, the Act never restrict in terms of age. Accordingly there is no question of quoting the provision. As the Act is silent on this issue, it is the obligation of the concerned parties who seggregate before and after 58 years to quote their base/provision.
Abbas.P.S
From India, Bangalore
As Mr. Madhu specifically stated, joining and retirement are internal matters of the organisations, which is to be dealt seperately. Regarding enroll in EPF and EDLI, there is no age bar. Except in the case of EPS, the Act never restrict in terms of age. Accordingly there is no question of quoting the provision. As the Act is silent on this issue, it is the obligation of the concerned parties who seggregate before and after 58 years to quote their base/provision.
Abbas.P.S
From India, Bangalore
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#Subject List: City-India-Tiruppur company policy compensation act Country-India employees pension scheme employees provident fund interest rate new joinee pension fund pension scheme pf enrolment provident fund skilled workers
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