Dear all, I have a query about PF & ESI age limit.

1. If an employee attains 58 years of age what are procedure should be followed from employer's side.
2. In case if a person worked at a company at 67 years of age employer contributes to pf it is mandatory or not, and also company decides to stop pf contribution what should be done from employer's side.
3. What is the rule of the ESI age limit.

Thanks & Regards

From India, Salem
Doctor Siva Global Hr

Dear Colleague,

EPF Pension which is technically known as Employees' Pension Scheme (EPS), is a social security scheme provided by the Employees' Provident Fund Organization (EPFO). The scheme makes provisions for employees working in the organized sector for a pension after their retirement at the age of 58 years.

According to EPFO guidelines, an employee shall cease to be the member of Pension Fund from the date of attaining 58 years of age or from the date of vesting admissible benefits under the scheme, whichever is earlier. However, in cases of continuation of service, the employer needs to pay the Employees’ Provident Fund Contribution till the date of his or her leaving the service, irrespective of the age of the member. Overall, your contribution can continue if you are a full-time employee on a co ..

Read more at:

ESI Contribution to be continued till the date of leaving service provided the wages is upto 21000/-
An Insured person who superannuates or retires under a voluntary Retirement Scheme or takes
premature retirement, after being an insured person for not less than 5 years, shall be eligible to
receive medical benefit for himself and his spouse subject to production of proof thereof, and payment of a nominal contribution of rupees one hundred and twenty for one year. In case the insured person expires his spouse shall continue to receive medical benefit under Rule 61 on payment of contribution as mentioned above.

All the Best, God Bless
Doctor Siva Global HR
Tamil Nadu

From India, Chennai
Dear sir,
Thanks for giving information to me.
and i have one more query when the employee attaining the above 58 years of age at the time employer how to prepare the challan .
we will prepare the challan to EPF 3.67% ,EPS 8.33%, EDLI 0.5% and admin charge 0.5% from employer side or prepare only EPF 12% and other charges, what is the right way sir.
Thanks & Regards

From India, Salem
Dear Colleague,
As y0u also know the contribution of 12% of employer and 12% of employee is mandatory and applicable administrative charges are applicable.

While the entire share of the employee is contributed towards EPF, 8.33% of the employer’s share goes towards EPS. The scheme acts as a regular source of income after the employee retires. In the present scenario you may consult the PF Enforcement Officer for more clarity but to my knowledge we should not reduce the contribution but entire 12% of the Employers' share has to go to PF for this employee. This is what we use to do also in the past on such cases in several organizations.

Take care,
Doctor Siva Global HR
Tamil Nadu

From India, Chennai

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.

Add Reply → Start New →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHR®

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server