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Epf after 58 years - is it compulsory by law to deduct their pf contribution?
We have retained some employees in service after their 58 years in our company retirement age is fixed at 58 years. but we retained them as they are still efficient and want to work. my question is it compulsory by law to deduct their pf contribution? employer should add full 12 to pf account or only 3.67 to epf waiting for your suggestions.
Epf contribution for 1 yr gap for above 58 years person
Hi team is any one can clarify me on below scenario.. one of our employee crossed 58 years so we have stopped the pf contribution and given exit date.. but later a year came to know that after 58years we can contribute to epf and not to eps. so now we are paying pf to that person but that one year gap is still there.. how can i contribute to that duration. please guide
Epf contriburtions after 58 years
Respected seniors if employee continuing in service even after completion of 58 years shall we continue him to pay both contributions duly transfer of pension fund contribution to pf contribution or do we relive him from the service and re appoint as a consultant.? respected seniros which is the right procedure. kindly give your advice with regards v.ramabrahmam
Can an employee, who had completed 58 years of age but still employed, claim monthly pension under eps?
Can an employee who had completed 58 years of age but still employed claim monthly pension under eps? the employee is still contributing to epf and whole of the employers contribution too is going into epf but nothing into eps below are the full details: employee date of birth: 11.8.1957 date of joining: 1.11.1994 salary at november 1995: rs. 2100/ average salary for 60 months prior to stopping of contribution to eps 6801/ date of stopping of contribution to eps: 1.8.2016
Lapse of pension (plz guide me)
Hi seniorsexperts & friends i am working in a pvt. ltd. company as a hr executive for few months and facing a lot of faults in epf of employees. my recent problem is of two types 1. while going through the epf of employees i found that there are few employees whose age has attained more than 10 years of subscription but still their contribution for pension fund is being deposited in their eps a/c. 2. as per my knowledge pf contribution to employees pension fund contribution will be ceased on the completion of 58 years of age or 10 years of subscription whichever is earlier even though few of our employees completed their 58 years and have attained already 10 years of their subscription. plzzzzz help and guide me thanks & regards ankita executive hr
Pf contribution after 58 years ????
Hi all need a confirmation. everybody know that the retirement age is now 60 years from 58years. is it true that employee after completing 58 years has no need to contribute to pf fund? i mean after 58 years a employee is no need to pay pf till he retires at 60 years. please confirm whether this is true or not? if true please provide me the link of government order g.o of the same. thanks and regards karthik