Abedeen7
Assistant Manager Human Resources
Haridreams
Human Resources
Srinath Sai Ram
Hr Manager
Thamburajan
Personnel Officer
Murali_uma2003
Personnel Department
+5 Others

Thread Started by #Zenara_HRD

Hi Everyone,
If any employee who crosses the age limit of 58yrs then does he have an option of contibuting towards PF or not?
Then how about the ESI, if any employee who crosses the age limit of 58yrs then the ESIC will allow us to contribute towards ESIC or not?
Please suggest me ASAP.
Regards,
Vinay Kumar.
20th September 2011 From India, Hyderabad
Hi Vinay,
There is no age limit for ESIC Contributions.
But for PF Contributions, If an employee cross 58 Yrs of age his Pension fund will also be remited in the Provident funds account itself. i.e., Employee PF - 12%, Employer PF = (EPF-3.67% + FPF-8.33%). This 8.33% amount must be remitted in Provident funds itself.
Note : 1. if an employee is already a Pensioner from EPFO he will be eligible for PF deductions,
2. if we appoint an employee newly with the age of more than 58 Yrs he may be kept as a Trainee or Paid Consultant for which PF will not be Applicable.
Thanks & Regards,
Thamburajan.
20th September 2011 From India, Velluru
Hi Mr. THAMBURAJAN
Now that particular employee is asking to terminate his PF A/c since he crosses 58yrs & he wanted to apply PF withdrawal of his a/c besides which he even works for our company. So, can we allow him for PF withdrawal.
Regards,
Vinay Kumar.
20th September 2011 From India, Hyderabad
Dear Zenara ,
after 58years also u can continue P.F & E.SI
but there is one clause in P.F act after 58 years of age you need not to pay penshon fund(8.33%)
Below i given example
Age fator Employee Employer
Basi+D.A 12% Diff amount 8.33%
Below 58 years 6500 780 239 541
After 58 years 6500 780 780 0
As per my knowledge i given above example if any discrepancy please post.
Regards
Satish Kumar
21st September 2011 From India, Hyderabad
Dear All,
He/she may contribute to EPF and ESI but not to EPS at the age of 58 years because he/she has already attended the age to receive pension.
If his/her Basic salary more than Rs.6,500/- then he/she may not contribute on mutual consent of management and employee and same to be communicated to your EPFO.
His/her past contribution can be withdrawal and if he/she has the scheme certificate then can deposit in the EPFO to receive pension amount.
21st September 2011 From India, Bhubaneswar
Respected Seniors,
I have a small query related to this:
if a n employee crosses 58 years and not completed 10 years contribution , will that employee can stop payment to pension fund in lieu of crossing pensionable age.
Regards
Haris
22nd September 2011 From India, Tiruchchirappalli
ESI contribution should be paid till an employee is in service. There is no age limit for ESI contribution as ESI rule is silent on the age of an employee. regards, Kamal
22nd September 2011 From India, Pune
Dear Mr. Kamal
1.I agree with you that there is no age limit for contribution till employee is in service but it is subject to coverage of salary Limit for ESI i.e. 15000/-p.m.
2. The various benefits under ESI will be available within contribution/benefits guidelines under the act till you are in service only.
3. Even after retirement, by paying lumpsum token contribution(as per ESI), only medical benifts will be made available/continue, provided at the time of retirement you were covered under ESI scheme & paying contributions.
regards
JNPATHAK
22nd September 2011 From India, Ahmadabad
Dear All,
Small clarification on PF Pension.
After completion of 58 Years age, and even the employee is continuing the service, Pension amount need not be paid. But can he get Pension amount monthly, once he crosses 58 years.
Also clarify when he can get certificate.
Request u pl.clarify.
Regards,
Murali
24th September 2011 From India, Hyderabad
Dear Zenara , I also agreed with Mr Satish. Practiclly also faced this problem about PF.and also asked the EPF commissioner he said ok Regards, Srinivas.j
27th September 2011 From India, Madras
Dear Murali
If a member completes 58 years of age, his/her contibution to pension will be stopped. By submitting form 10d to pf authorities, pension will start even if he/she is in service.
Before completion of 58 year certificate will be available but after completion of 58 years, certificate will not be issued. Procedure for pension to be followed.
Regards
JNPATHAK
27th September 2011 From India, Ahmadabad
If any employee who crosses the age limit of 58yrs then does he have continue his contribution towards ESIC and EPF or not? Please suggest me
27th February 2015 From India,
is there any age limit for ESI contribution as ESI rule is silent on the age of an employee,what is status if a n employee crosses 58 years and completed 5 years contribution to esic.
Regards
Ramanand
11th July 2017 From India, Bengaluru
is there any age limit for ESI contribution as ESI rule is silent on the age of an employee,what is status if a n employee crosses 58 years and completed 5 years contribution to esic.
14th April 2018 From India, Bangalore
is there any age limit for ESI contribution as ESI rule is silent on the age of an employee,what is status if a n employee crosses 58 years and completed 5 years contribution to esic.
Regards
santhosh g d
14th April 2018 From India, Bangalore
LIN number duplicate in EPF and ESIC how to solve this problem please guide any one
Regards
Dhananjaya
14th April 2018 From India, Bangalore
Dear team
Please suggest how to registered gratuity.
Regards
Dhananjay
14th April 2018 From India, Bangalore
Mr Dhananjay, Please elaborate your question-how to registered gratuity.
14th April 2018 From India, New Delhi
Dear All,
My Query is, we are paying EPF to completed 58 years aged employee in my organization , not yet crossed 10 years of his service in EPF.
Is there is any issue to face us about this in future.
27th October 2018 From India
Dear HR @albusindia, it appears you have an Employee who has attained 58 Years & continues in Employment.Consequently, he is covered under EPF Scheme.Please elaborate your statement that Employee in question "not yet crossed 10 Years of his service in EPF"
After attaining 58 Years Employee share of EPF @8.33% IS REMITTED IN EPS? Please give factual information after verification of your records
1st November 2018 From India, New Delhi
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