What Is Age For PF Enrolment

bagema
Hi Can anyone tell me the maximum age for enrolment in PF?I know if a person has crossed 58 years he is not eligible for enrolment in Pension scheme.L.Balaji
Madhu.T.K
Yes, a person who has completed 58 years of age or one who is already getting Pension cannot become a member of EPS but at the same time he can be a member of Employees Provident Fund, his contribution + employer's contribution will go to EPF only.
Regards,
Madhu.T.K
teotiamanoj
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
marinelawyer@hotmail.com
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
Madhu.T.K
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
teotiamanoj
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
pbskumar2006
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
maheshppatel
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
teotiamanoj
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
abbasiti
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
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