Please help me for this issue.
An employee is attaining 58 years by 14 December 2017 , Can I able to make payment for his EPS in advance?
If Yes, Kindly share your Suggestions and ideas.
Thanks in Advance
Uday Kumar From India, Kelambakkam
Dear Anamika, Employee Share of EPF towards EPS can not be remitted in advance.Employee has to earn Salary.From the salary, Employee share of EPF is deducted & remitted along with Employer share & other charges.What is the logic of paying advance contribution? will Employee be alive till Dec-2017? be specific in query?
In statutory matters there is no room for suggestions/Ideas From India, New Delhi
Rightly said can not be remitted in advance. Moreover, will not have benefit also because pension amount depend upon number of service years and average of last five years wages/salary under PF. From India, undefined